Things to Look for When Buying a Retirement Home

Retirees enjoy the freedom to move wherever they desire without a job or young family tying them down to their current location. Retirees often move during retirement, with a decent portion moving out of state. However, there are many things to consider before you book those movers and sell your house. Before selecting your dream retirement home, consider some of these things to help save you time and money down the line. Your Budget:Regardless of age, amenities play an important part in choosing a new home. Make a shortlist of what you need and want. Think about fitness, community activities, proximity, and maintenance. […]

These Are Unusual Times

Last month, I wrote about what it’s been like to work in a hospital during the time of COVID-19. What’s changed since then? I’d say quite a lot. The question really is, of all that has changed, what will stick? Basic change management principles tell us that when we make changes, we “unfreeze” and then “refreeze” after changes have been completed. This basic principle is very simplistic. Once reality sets in, we soon realize refreezing may not be possible depending on the scale and speed of changes. From my perspective, there are two major changes that have rocked all our […]

Working Through COVID-19

I don’t think I really understood what it would be like to work in a hospital when COVID-19 hit us. No, I am not on the front line caring for patients, but I am right in the thick of things none the less. Prior to COVID-19, my role in Human Resources found me focusing on retention, engagement, compliance, and reinvigorating our Diversity Council. It seemed as if overnight, things changed. I was now educating myself on National Incident Command training and became part of our hospital’s Incident Command Center; my new jobs became Support Branch Director, and Personnel Manager. In […]

Spring Cleaning Your Finances

Most of us find ourselves stuck at home while we continue to practice social distancing measures. Consider using your time at home to work on spring cleaning your financial picture. Like many others, you may have several “to do” items that you have been too busy to complete or forgot about entirely. With so much uncertainty about the stock market, employment, and the general state of affairs, you might not want to spend a lot of time looking at your investments, budgeting, or related items. There are, however, plenty of other things you can do to help improve your financial […]

Updates for your Finances due to the Coronavirus

The first day of spring has been the last thing on the minds of many as the country and world brace for the coronavirus. In an effort to provide a financial backstop for individuals and the economy, state and federal governments have been implementing new policies and changes to existing timelines. So far there have been changes to tax filing deadlines, student loan payments, leave from work, and unemployment insurance. Tax Changes The American Institute of CPAs (AICPA) have a website in place to help people keep updated with changes to tax deadlines. You can visit the link here. As […]

Should You Refinance Your Mortgage?

While the recent coronavirus fears are sending shockwaves throughout the stock market, bond rates have been improving. According to Mortgage News Daily, current rates for 30-year mortgages are 3.34% nationally (rates posted online as of February 24th – Bit.ly/2VWD4Gq). While you may have a low rate on your current mortgage, you may want to consider evaluating your refinance options to lock in potentially lower rates. How do you know if a refinance makes sense? Keep in mind that there isn’t a set amount that rates should decrease before you refinance. Someone with a $200,000 mortgage might need to see rates […]

Are New Homes Recovering?

Since the economy started its slow climb out of the Great Recession, one of the biggest lead weights that the housing sector has been carrying is lack of inventory. Many homeowners were under water on their house value and decided to stay put in their current home longer than normal. Those potential “move-up” home buyers were not freeing up inventory for first timers. At the same time builders were having unprecedented difficulty securing the kind of financing necessary to add to housing inventory with large-scale new home developments. Those two circumstances left first-time home buyers unable to move out of […]

What the SECURE Act Means for You

As of January 1st, 2020, many changes from the SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 became effective. Some of the more notable changes that could impact your financial future involve the following: Some of the major changes include: 1) Required minimum distributions (RMDs) Start at 72, not 70-and-a-half 2) Traditional IRA Contributions are allowed after 70-and-a-half 3) changes to the rules on inherited retirement accounts 4) new allowence for adoption / birth expenses 5) changes in 529 plans RMDs starting at 72: The new law only applies to the people who turn 70-and-a-half  after December […]

White Space at Work

On a road trip back from Virginia, I listened to an interview with Juliete Funt, CEO of White Space at Work. I had listened to her about a year ago, but listening to her a second time reminded me of the importance of White Space, at work, and at home. What is White Space? It can be defined as a strategic pause between activities. It can be as short as a few seconds, to as long as a few hours. “These thoughtful pauses laced throughout the busyness of the workday are the oxygen that allows everything to catch fire,” says […]

Employee Wellness

Working in the healthcare arena has opened my eyes to the increased focus on mental health, and the importance of employee wellness. In years past, employers had the mindset that stress inducers were primarily emanating from personal or home-life situations. This thinking has evolved to acknowledge stress is also emerging from the workplace. In response to rising levels of stress, employers are rising to the challenge. According to the International Foundation of Employee Benefit Plans (IFEBP) 90% of US employers are offering some component of mental health coverage in the form of an Employee Assistance Program (EAP), mental-health coverage, substance […]