by Michael Lecours | May 5, 2016 | Saving, Uncategorized
Here is the old way of looking at Emergency Funds: Keep 3 months of take home pay set aside if you are single, a renter and have a steady paycheck. Keep 6 months of take home pay set aside if you are married, have kids, and have a mortgage Keep 9-12 months of take...
by Michael Lecours | Apr 28, 2016 | Saving, Uncategorized
I have a problem with how we view the “emergency fund” and I believe that there is a better way to think about emergency savings. Recently, Forbes ran an article discussing how much should be in your emergency fund – the money set aside to cover unexpected expenses...
by Michael Lecours | Apr 25, 2016 | Saving, Uncategorized
“Should I pay off my loan or invest in the market?” is a question we’re commonly asked. There are a lot of ways to approach this issue. The following article does a great job of breaking the decision points down. Link to article
by Michael Lecours | Apr 22, 2016 | Saving, Uncategorized
The Atlantic recently published an article in which they outline five compelling theories why Americans don’t save more for the future: Americans stopped saving when their incomes stopped growing The poor and middle class went into debt to buy houses U.S. policies...
by Michael Lecours | Jul 8, 2015 | Investment Behavior, Rule of Thumb, Saving, Uncategorized
As individuals approach retirement they often ask themselves what they should do to maximize their income. Specifically, they may wonder if they should pay down their debts (credit cards, auto loans, or a mortgage) or should they invest more in the markets. The answer...
by Michael Lecours | Jun 18, 2015 | Finding Confidence, Investment Behavior, Investment Strategies, Saving, Uncategorized
Leaving a job can be a frightening proposal, even if you’re moving up in the world—navigating retirement plan rollovers, lost and gained benefits, pay and cost-of-living changes, and the other variables can feel quite daunting. Fortunately, if you take a moment and...
