A 401(k) retirement plan is one of the most popular ways to save money for retirement and score some tax breaks for doing so. But often these plans don’t provide a lot of guidance on how to manage them, and...
In 2014, Eric Lai and John Wenzel founded Archvest Wealth Advisors® after both working for independent RIAs. Through a financial planning lens, they provide comprehensive services that help clients meet their individual goals. Their modern, tech-forward approach also helps them...
Just $1.4 billion of loans have been issued amid onerous terms Small take-up could stall economic recovery, support for jobs It was billed as a lifeline for America’s middle-market companies seeking cash to get through the pandemic. Yet more than...
With apologies to Sesame Street, the U.S. economy has emerged from six months of the COVID-19 pandemic looking a lot like the letter "K." On one end of the economy are businesses that are soaring, as we abandoned offices and...
Thursday’s European Central Bank meeting should be anything but dull: the euro is surging, inflation is negative for the first time since 2016 and there is heightened uncertainty about the coronavirus as the number of new cases edges higher. No...
Hundreds of thousands of Americans have pulled money from 401(k) plans during the coronavirus pandemic. The CARES Act allowed savers to withdraw up to $100,000 before the end of the year without penalty. Thinking of retirement savings like a monthly...
Low-interest rates may be here to stay, but not for all financial products The Federal Reserve is shaking things up – which is both good and bad news for consumers. The Fed made some of the biggest changes to its...
Traditional recruiters of business school graduates are nowhere to be found this fall, while a few tech companies are emerging with offers Business school students are bracing for an uncertain job market this coming school year as many traditional corporate...
A new refinancing fee previously set to go into effect in September will be delayed, a window of opportunity for many homeowners who want to take advantage of mortgage rates near historic lows. The new 0.5% mortgage refinance fee won’t...
32 states had received federal approval to offer an extra $300 a week in unemployment benefits as of 12 noon ET on Wednesday. About 5.5 million workers are currently receiving unemployment insurance or Pandemic Unemployment Assistance in the states that...
With back-to-school season right around the corner, many parents are contemplating whether to send their children back to school or keep them at home due to the health risks of the coronavirus pandemic. And for parents who choose to keep...
Home sales soared in July, continuing a stunning rebound buoyed in part by buyers seeking a more comfortable home in the midst of the coronavirus pandemic. Home sales jumped 24.7% from the month before, according to the National Association of...
As undergraduates get ready to go back to school, any number of circumstances could set the best laid plans into a tailspin. However, if a student must withdraw from college due to Covid-19, getting any sort of tuition refund or...
With mortgage rates still at historic lows, it may seem like a good time to refinance. Starting September 1, however, the cost of refinancing a mortgage is going up due to economic risks associated with Covid-19. Both Freddie Mac and...
Average retirement savings account balances rose in the second quarter despite pandemic fears, according to Fidelity Investments. The increase in retirement nest eggs — mainly in 401(k) accounts and IRAs — occurred due to gains by the stock market and...
