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Useful Information “Nuggets” From 2023 Webinars

Money Talk

Below are 12 nuggets of information that I gleaned from 2023 webinars: Getting Going- Some people procrastinate on saving for financial goals because goals seem too big and intimidating. 529 Plan Myth - Some people think having a 529 plan lowers chances for college financial aid. 1 reason: thinking they don’t have enough assets. $70

401(k) 187
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Wannabe entrepreneurs likely to ignore important financial warnings

Workplace Insight

Wannabe entrepreneurs are highly likely to ignore poor financial performances in order to pursue their dream, according to new research by emlyon business school and ESC Clermont Business School. The study revealed that poor accounting performances reported in these meetings invoked feelings of anxiety for entrepreneurs and their wider teams.

Finance 105
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How to Keep Personal Information Safe

Money Talk

bank and investment accounts, pension, Social Security) should have a two-factor (a.k.a., two step) authentication process where a unique one-time password is sent via e-mail or a text message and is necessary to access an account. Some accounts also have challenge questions that must be answered for account access.

Banking 274
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How to Protect Yourself in Today’s Scary Economic Environment

Money Talk

The remainder of the class described ways for people to protect themselves during uncertain financial times. Then write down your biggest financial fears (e.g., daily financial reports on television) if this triggers financial anxiety. Sign up for free automatic investment rebalancing services, if available.

Finance 140
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Ten Upsides of Inflation

Money Talk

What often gets lost in conversations and media reports about inflation are the ways that some people can benefit from it. Higher Bank Account Interest - Yields on bank accounts rose in 2022 along with interest rate hikes made to quell inflation. In January 2023, many online bank accounts are paying 3.30%+.

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2022 Personal Finance Year in Review

Money Talk

Impacts were felt in mortgage interest rates, variable rate credit, and bank savings accounts. The average interest rate paid on savings accounts was 0.18% in November, but some online bank money market accounts paid 3% to 3.25%. Savings Rates - The U.S. savings rate, which rose to a record 33.8% in November 2022.

Finance 242
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Demystifying Financial Jargon

Money Talk

No question about it: financial planning can be a high-maintenance activity. One factor that can be daunting to many people is the technical jargon used by professionals and financial media outlets. Changes in the price of goods and services (e.g., Bureau of Labor Statistics. It is updated monthly.

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