by Michael Lecours | May 6, 2016 | Economy, Uncategorized
Connecticut is becoming the second state in the country to mandate retirement savings. The controversial bill will force most employers (not currently offering a retirement plan) to offer automatic enrollment for employees in a state sponsored plan. Details and...
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 24, 2016 | Economy, Taxes, Uncategorized
As of today, the taxpayers of the United States have collectively earned enough money to pay the Federal government’s tax bill for the year. Bad news, it doesn’t include State Tax Freedom Day, which for Connecticut is May 21st (The latest of all 50 states). Interested...
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...
