Positive surprises have come from COVID-19 that can be useful when dealing with our personal pocketbooks. Let’s look at ways to make sure you are staying on your financial path amid this crazy journey!
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What’s your current mortgage rate? Above 3.1%? Maybe it’s time to take another look at possible long-term savings.
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Do you know about backdoor Roth IRA conversions? Current market volatility and low tax rates provide a unique opportunity for possible tax-free growth that will be very important for future income.*
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Are you aware of thriving industries due to COVID-19? New channels are growing in industries such as technology, medical testing solutions and the cyber world. We are also seeing construction/manufacturing job improvement. These areas may be of interest for new careers and investments.
Remember to do a gratitude check on experiences that have come from these recent challenges; spending family time with adult kids unexpectedly home from college, adding a furry four-legged member to your family, or cleaning out drawers. Perhaps it was as simple as driving across town without traffic.
If you’d like a calming perspective on any of these topics or other financial planning thoughts; reach out to us. We are here for you as we all navigate this unfamiliar landscape toward our new reality.
*Backdoor IRA conversions can be complex. Jay Financial Group does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation.
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through Jay Financial or CES Insurance Agency. Charlotte and David Jay are owners of Jay Financial Group
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