Educational blogs from SWMG center around the fundamentals of investing and finance.

Credit Card Debt

Welcome to October, which is National Credit Card Awareness month! There was an article published on the Credible financial website that did a survey of 500 Americans with credit card debt. The survey said that of those survey participants, age 18-34 years, 33%+ said that debt is the scariest thing in their life. Just over …

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Why Do I Need Homeowners’ Insurance?

Insurance Word Cloud on Dry Erase Board

When I sat for the CERTIFIED FINANCIAL PLANNERTM exam I learned way more than I ever wanted to about different forms of homeowner’s insurance (basic form, broad form, etc.) and will now pass the savings onto the consumer! Oh wait, I have listened to too many commercials. But my time loss is your gain as …

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IRA Vs. 401(k) Vs. ROTH – Part 2

Last week, we talked about the differences between an IRA and a 401(k). Both are types of retirement accounts, and the 401(k) is typically administered through an employer, whereas almost anyone can open an IRA. Now, we are going to talk about the Roth versions of these same investment vehicles. I described them as different …

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IRA Vs. 401(k) Vs. Roth – Part 1

Retirement Savings I have found that professional, super-smart people, that I personally know, do not know the difference between an IRA, a Roth IRA, and a 401(k). That will simply not do. You need to know this stuff. We’re going to fix that right now. The challenge will be keeping it short and sweet because …

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The Ins and Outs of Long-Term Care Insurance

caregiver helping senior woman

Some people think that when they get older and they have to go into an assisted living or nursing home facility, they will just be covered by Medicare or their regular health insurance. Wrong. Medicare doesn’t cover much of assisted living or nursing home stays. Your stay could be covered by Medicaid, which is for …

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Why You Shouldn’t Name a Minor Child as Your Beneficiary

Minor Child as a Beneficiary

Continuing with September as National Life Insurance Awareness month… One of the main reasons people have life insurance is because they have young kids. Often, people think that they should name their spouse as the primary beneficiary and then the kids as contingents (if something happens to both parents). This blog talks about why this …

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digital asset

Cryptocurrencies represent digital units that are utilized to facilitate online transactions without the need for a central intermediary to process. The cryptocurrencies transactions are digitally recorded on a public ledger. As of May 2021, per CoinMarketCap, more than 10,000 cryptocurrencies, also known as coins, have been launched as there are minimal barriers to launching new …

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Winning the Lottery!

Marking Number On Lottery Ticket

What to do After Winning the Lottery July 17th was National Lottery Day. So, did you play? Let’s imagine you winning the lottery! Congratulations! What’s the first thing you should do? If your answer was, post it on Facebook, you would be wrong. The best thing to do is to remain anonymous, if possible.  Currently …

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Credit Card Benefits

Stack of credit cards

We all know the basic benefits of a credit card—allowing you to pay for things over time and building your credit, and you might even be familiar with rewards such as cash back, miles, or points, as I talked about in last week’s blog. That said, I recently opened a business credit card and was …

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