Financial Planning, Retirement, and Personal Finance Articles from Lundervold Financial
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A lot of factors affect real estate prices, including interest rates, inventory, local foreclosure and short-sale rates, and even natural disasters. In 2020, as it was during the Great Recession, underwater mortgages and the potential foreclosure rate were concerns. Being…
Read MoreSurprising Reality About Health Care Spending During a Pandemic In 2019, health care spending in the U.S. rose by 4.6%, for a total of $3.8 trillion. In fact, health care spending accounted for more than 17% of the economy. Spending…
Read MoreWhile challenges likely still lie ahead, there’s no denying we all weathered our fair share of storms in 2020. Now that the calendar has turned to a new year, we looked to wealth managers across the nation to find out…
Read MoreContribute to a traditional IRA (up to $6,000; additional $1,000 if you’re 50 or older).1 Itemize deductions if they are more than the 2021 standard deduction of $12,550 ($12,400 in 2020) for singles, $18,800 for heads of household ($18,650 in…
Read MoreSince its inception in 1997,2 the Roth IRA (individual retirement account) has become one of the most popular tools for retirement planning. More than 34% of Americans hold at least one type of IRA, and the Roth is the second…
Read MoreA recession is when the economy shrinks — there is less trade, less consumer spending, and the gross domestic product shrinks for more than two measurement periods (typically measured in months or quarters). It usually results in job losses, which…
Read MoreHere we are in the midst of a pandemic, a stagnant economy, and less than secure prospects on how long companies can maintain jobs despite reduced revenue. Yet the residential real estate market is still robust. Many areas of the…
Read MoreAccording to a recent paper by a Wharton Business School professor, one in 10 U.S. households have filed for bankruptcy at some point. Moreover, approximately 1 million file for personal bankruptcy each year. Yet, even in the wake of total…
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