Financial Wellness

In this month’s recap: Stocks traded in a narrow range as technology and other high-valuation companies were under selling pressure.

Monthly Economic Update
 

Presented by First Option Financial Services, June 2021
 

U.S. Markets

Stocks traded in a narrow range in May, with technology and other high-valuation companies under selling pressure.

The Dow Jones Industrial Average gained 1.93 percent...

Deciding to buy a home is a huge milestone itself, but the actual mortgage application process that follows can be overwhelming. Since buying a home can be one of the most expensive decisions you’ll ever make, it’s important to prepare yourself before you dive into the process. Everyone’s journey to homeownership is different, but they are some common things that every homebuyer should prepare for before they jump in. Here are some areas to start:

The many steps...

In this month’s recap: Stocks notched a solid gain, fueled by a succession of positive economic reports and a strong start to the first-quarter earnings season.

Monthly Economic Update
 

Presented by First Option Financial Services, May 2021
 

U.S. Markets

A succession of robust economic reports and a healthy start to the corporate earnings season helped spark an April rally on Wall Street.

The...

In this month’s recap: Stocks posted solid gains due to improving economic conditions and widening vaccination programs. However, tech and high-growth stocks played a limited role in the rally.

Monthly Economic Update
 

Presented by First Option Financial Services, April 2021

 

U.S. Markets

Improved economic conditions and broadened vaccine programs ignited a...

Many people consider homeownership to be an important goal. However, since buying a home can be one of the most expensive decisions you’ll ever make, it’s important to prepare yourself before you dive into the process.

Take this lesson to learn more about:

How to choose between buying and renting Understanding and calculating initial and ongoing costs Determining your financial preparedness for homeownership

 

Learn More: https://bit.ly/3qNH5K4

What does it mean to be creditworthy?

Your credit score may seem like a random number, but it provides financial institutions and other companies with a snapshot of how “creditworthy” you are, which can have a big impact on your life. Understanding how credit scores and reports work can help you achieve financial goals such as buying a home, leasing a car, or paying off debt. 

You’re in luck! Our short 5-minute lessons include information about:

The...

In this month’s recap: The burgeoning economic recovery and decreasing number of COVID-19 infections lifted stocks.

Monthly Economic Update
 

Presented by First Option Financial Services, March 2021

 

U.S. Markets

Stocks notched a solid gain in February thanks to growing optimism surrounding the economic recovery and decreasing number of COVID-19 infections.

The Dow Jones Industrial...

It's America Saves week - and we're looking at a taboo topic: talking about money as a family.

Do you want to instill a positive mindset around saving in your kids? Start them young! The earlier you have a positive mindset around saving, the easier it is to save successfully as an adult.

Have older kids? Don't worry! It's never too late to start. Start with the small things they can do around the house that will contribute to saving as a family.  Read More

It's America Saves Week and our friends at America Saves firmly believe that paying down debit is saving and so do we!

By reducing debt you're saving on interest, late fees, and maintaining/increasing your credit score.

Read More on how with planning and support almost anyone can reduce their debts and start to accumulate wealth through saving.

During America Saves week we're looking at tips on how to save for retirement.

Even if you're contributing to your 401K, TSP or IRA - have you asked yourself all the right questions to ensure you're saving ENOUGH for retirement?

What type of lifestyle do I want to live when I retire? Is what I'm contributing toward my retirement enough to support how I want to live in retirement? What is my complete retirement plan? Should I be saving enough for myself...