History has shown us that when new investors try to make money quickly, most of the time they get burned. But instead of repeating their mistakes, we can learn from them. So, what are the biggest mistakes new investors make?
Emotions and Your Retirement Investments
It’s Easy to Let Emotions Get in the Way by Bob Haymond, CFP
We have seen some big swings in the stock market the past five months. As a result, Servant Solutions has talked with several of our participants about these market changes. Having a plan and sticking to it can help you weather your emotions and avoid common mistakes such as buying and selling at the wrong time out of panic or exuberance.
The Importance of Diversification
A market "quilt” image shows that it is difficult, if not impossible, to find any kind of trend. It demonstrates the unpredictability and randomness of investment results, and that past performance does not predict future performance. This underscores the importance of diversification in your portfolio as a tool to help you reach your investment goals and manage risk.
Student Loan Debt? Loan Forgiveness Is a Possibility!
If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness (PSLF) Program. PSLF forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
The True Cost of Procrastination
The 2021 Tax Filing Season Has Arrived!
Four tax documents you might need to file your tax return.
The IRS is still working through millions of tax returns from 2020, because it is experiencing employee shortages and underfunding. The agency has also been working on implementation of new pandemic-related programs, such as the advanced child tax credit payments. As the IRS tries to catch up on 2020 returns, you can begin the process of filing your 2021 tax return.