Tag: wealthtech
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First Time Homebuyer Resources
Happy Labor Day to all! Despite our momentum the past month was challenging. Our service mark for Pythia was in danger of being cancelled until just a few days ago. I hadn’t realized how important this project has become and what it might mean to our longevity until we were at risk of losing it.…
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Homeownership in the U.S.
According to the April 2023 National Association of Realtors (NAR) study Wealth Gains by Income and Racial/Ethnic Group, a typical homeowners wealth is as much as 40x greater than a renters. A vital part of wealth accumulation for most, home ownership is a key milestone on the path to achieving the American dream. 74.4% of…
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Happy Independence Day 2023!
Happy 4th!!!!
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Ten
Today we celebrate 10 years in operation! Thank you to our clients and everyone who has supported the mission since inception. In May, I earned the CompTIA Security+ certification. Passing the exam validates the baseline skills necessary to perform core cybersecurity functions and pursue an IT security career. This year the Securities and Exchange Commission…
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Our NJ REALTOR®
Good news everyone! I am now a licensed realtor in the State of N.J. working with Keller Williams Village Square Realty at 74 Godwin Ave, Ridgewood, NJ 07450. To some, it may seem like poor timing to start a career in real estate or even buy a home as inventory is low, the Federal Reserve…
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Markets in Review
2022 was the worst year of performance in 97 years for the bond market, ending the year -13.07% as measured by the Bloomberg U.S. Aggregate Float Adjusted Index. Equity markets did not fair much better with the most comprehensive view of the U.S. equity market, the Wilshire 5000 -19.00%. The Federal Open Market Committee increased…
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A Note on Perseverance
The Miriam Webster dictionary defines perseverance as “continued effort to do or achieve something despite difficulties, failure, or opposition : the action or condition or an instance of persevering : steadfastness Borrowed from Latin perseverant-, perseverans : persisting in a course of action, steadfast,” I recall a message that resonated with me when I first…
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6 Reasons to Rollover Your 401(k) to an IRA
Product Maximum Annual Contribution Limit Traditional IRA & Roth IRA $6,500, plus $1,000 catch-up if 50 or older (Limit is for the total contributions to all traditional or Roth IRAs) Traditional 401(k) & 403(b) $22,500, plus $7,500 catch-up if 50 or older Roth 401(k) & 403(b) $22,500, plus $7,500 catch-up if 50 or older 457 $22,500, plus…
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Getting to the top…
Over the past two months we have taken a look at Liquid Net Worth and Net Worth and Income in the United States. A couple of key takeaways are that attaining at least a bachelors degree has positive indications for upward mobility and getting married is a good thing according to household income and wealth…
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Income in the U.S.
The median income of some 131mm households in America is $70,784. The median for married couples sits at $106,921, the median for single male households is $70,525, while single female households is just $51,168. Looking at the data by race, half of 102mm white HHs earn more than $74k, while that number for 17mm black…