Welcome to our first blog post of 2019! Below are some links regarding financial planning for retirement, financial concerns for college, and general financial education. Hopefully these help shake off the holiday cobwebs and get your year off on the right foot.

Current Events

Our friends at Formula Folios have provided some valuable insights regarding the recent stock market volatility we’ve experienced. They include an excellent quote to steady your nerves as both news headlines and financial markets provide anything but reassurance:

Your success in investing will depend in part on your character and guts and in part on your ability to realize, at the height of ebullience and the depth of despair alike, that this too, shall pass.

– Jack Bogle

Annuities

While on the subject of volatility and uncertainty in the financial world, one of the instruments people at or near retirement often ask about is annuities. Depending on your goals, they may provide you with certainty that you’ll never run out of money. However, like all insurance products, they are complex and, in general, not well understood by the general public as well as investment and money managers. Fortunately, the New York times has provided an article to explain annuities as simply as possible, as well as a list of questions to ask someone trying to sell you one.

Interest Rates

Interest rates are in the news a lot lately. Headlines about the Federal Reserve raising rates are commonplace. But what does any of this mean, and how does it affect average people like you and me? The good folks at The Street have provided an article explaining the different types of interest rates and why they are so important.

College Costs and Planning

Lastly, on the college front, it’s no secret that college costs are skyrocketing. Tuition inflation is the highest of all categories of inflation, approximately doubling the rate of inflation of healthcare. However, there are some schools here in the United States that are bucking that trend (including one here in Kentucky), and offer students free or reduced tuition. The good folks at Forbes have been kind of enough to provide a list of 75 such schools.

If none of those schools spark the interest of your college-bound children, then you’re probably thinking about college scholarships being a major part of your college financial plan. You aren’t alone. Before assuming scholarships will solve your college cost issues, take a look at this deep dive into the grant and scholarship landscape. Once again Forbes has come through with an excellent in-depth breakdown of the different kinds of scholarships out there and how they may or may not fit within your college plan.

Thanks for taking the time to read our blog and please let us know if there’s a topic you’d like to see covered or a question you want answered. Happy New Year from all of us here at SeaCure Advisors! We hope your 2019 is healthy and successful.

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