Finance Archives - Page 3 of 4 - Millennial Wealth Management

The Basics of the Roth IRA

May 22, 2020
Finance

Mack Bekeza, CFP® As a Certified Financial Planner™, one of the most frequent questions I am asked is, “How does a Roth IRA work?” The Roth IRA can be a powerful tool for retirement planning and is usually one of the first retirement accounts investors establish to save for retirement due to how easy...

Should you Finance your Car?

May 15, 2020
Finance

By Mack Bekeza, CFP® Thinking about buying a new car…or at least a car that is new to you? Should you even finance a car purchase in the first place? This question has been a hot topic for a long time and for good reason, car buying is fun, especially if you have your eyes on a nice car. You know...

How Can You Prepare for being Furloughed or Laid off?

May 7, 2020
Finance

By Mack Bekeza, CFP® With multiple states beginning to “reopen” their economies, many are worried about the possibility of being furloughed or even laid off. So in times such as these, what can one do to prepare for something like this? Before we dive in, what is the difference between...

The 12 Biggest Mistakes Millennials Make with Money

May 5, 2020
Finance

Millennials aren’t the most financially savvy bunch. Most of us weren’t taught the basics of personal finance and then put in a position where debt became culturally acceptable. Because we started on the wrong foot, we never built up the courage to learn about how to manage our finances...

Student Loan Relief During COVID-19

May 3, 2020
Finance

Student Loan Relief During COVID-19 By Mack Bekeza, CFP® With COVID-19 wreaking havoc in more ways we can imagine, one of the biggest fears some people have is their student loans. Fortunately, if you have student loans directly held with the Federal Government (commonly referred to as a Federal Direct...

Employee Retention Credit

April 17, 2020
Finance

The Basics of the Employee Retention Credit By Mack Bekeza, CFP® As of April 16, 2020, the Payroll Protection Program (PPP) has exhausted its $349 Billion in funding for small businesses. So if you were considering applying for the PPP but were not able to submit your application, what else...

Paycheck Protection Program

April 5, 2020
Finance, Uncategorized

Paycheck Protection Program – What You Need to Know The fact that payroll is likely going to be a small business’s highest controllable cost, we at MWM believe that discussing the Paycheck Protection Program (PPP) launched by the Small Business Administration (SBA) is an upmost priority!...

Should I Pay Off My Mortgage Early?

December 8, 2017
Finance

Welcome! In this post: We will look at whether it makes sense to pay off a mortgage early. This is the Millennial Wealth Blog. Should You Pay Off a Mortgage Early? There are a number of considerations when thinking about putting extra money towards paying off your mortgage early. ...

10 Money Moves to Make before your 30s

August 11, 2017
Finance

Welcome! I am super excited to bring to you a special guest post from Andy Masaki of PennylessDad.com. He has a story many can relate to, so if you like what you read today, be sure to check out his other writing on his website. Without further ado: This is the Millennial Wealth Blog. [&h...

Is a 15 or 30 Year Mortgage Better?

June 16, 2017
Finance

Welcome! In this post: We will consider the 15 yr mortgage vs the 30 yr mortgage and take a look at a recent selection from my Investopedia Advisor Insights. This is the Millennial Wealth Blog. 15 Year or 30 Year Mortgage So, you have decided to purchase your first home. Which...