Will this Game Stop?

Summary Smaller investors are making a big impact on Wall Street by joining together to buy companies such as GameStop, AMC, BlackBerry, and Nokia. The targeted buying is hurting Hedge Funds shorting these stocks, creating a short squeeze. The “short squeeze” is helping drive up these companies’ stock prices to astronomical heights. Currently, Hedge Funds are the biggest losers, but if stock prices reverse, there could be a ripple effect. If you’ve been monitoring the news recently, you’re likely to have heard something about a company called GameStop. While there have been further developments this past week, this article will […]

Hopeful and Optimistic

I first wrote about what it was like to work in Human Resources at a hospital during COVID last Spring.  I never thought I would be writing about again six months later.  I think we’ve all learned about ourselves and each other since then.  Hearing daily stories of COVID-related deaths and how many bodies in the morgue has taken its toll.  I had done my best to compartmentalize the horrific tragedies happening in the hospital, and to remain focused on my work.   My ability to do this has eroded over time. I find myself becoming irritable, defensive, and short with […]

Identity Theft

‘Tis the season for identity theft.  According to a recent survey conducted by Experian, 24% of people reported being a victim of identity theft or fraud during the holidays.1  During the holidays, we’re often so distracted while out shopping or searching for bargains online that we let our guard down.  Before you go shopping, take some steps to help protect your identity. Online Data– Be smart when you’re online.  Social media is a great way for thieves to learn more about you.  Take steps to limit the amount of personal information you share (employer, where you’ve lived, family members, etc) […]

Long-Term Care Options

November is long-term care awareness month, so we’re revisiting this challenging subject.  The national average cost for a private room in a nursing care facility costs over $102,000 per year. Depending on the level of your assets and income, you may elect to self-insure, spend down your assets and rely on Medicaid, or purchase long-term care insurance.  Traditional long-term care insurance benefits seem to be decreasing while the cost of coverage increases. Often people with more limited assets and income may rely on Medicaid to cover their long-term care expenses. Whether you are single or in a committed relationship, it […]

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 […]