Peggy’s Pearls

Peggy’s Best Read Posts

What is Your Guiding Word for 2020?

Posted by on Jan 7, 2020

What is Your Guiding Word for 2020? What do you want to see happen in the coming 12 months? What would you like your year to look like? If you choose one word for what you desire this coming year, what would it be? Choosing a few words – no more than 5 – to describe the compass you want for the year is gaining popularity. It is replacing New Year’s Resolutions. This one-word guides choices you make; activities you do, and decisions in your life. Keeping this word front and center each day allows small changes to occur over time. Having goals is good yet can be difficult for creating behavior...

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Freezing Your Credit is Now Free

Posted by on Oct 31, 2018

  It’s Free! It is now free to freeze your credit with all 3 credit bureaus- Equifax, Experian and TransUnion. AARP did a survey in Massachusetts, only 13% of those who had fraudulent charges on their credit card took action. Many feel overwhelmed with all the security breaches occurring at companies holding sensitive data. They feel it is inevitable they will have their identity stolen. Don’t Give In! Thieves won’t exert extra effort to hack your identity. They will go for the low-lying fruit- don’t let it be yours. – Freeze your credit. A credit freeze is the best way to stop hackers...

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Is the stock market sliding?

Posted by on Oct 18, 2018

Is the stock market sliding?   Have you been watching the stock market slide since hitting a record high in early October? The chart shows the last 10 years of activity in the market starting with 2008. It reflects all the trauma and drama we have seen over the last 10 years. All the reasons not to invest in the stock market. Yet if you had invested $10,000 at the time it would now be worth almost $25,000. A return of 8.89%. The S&Ps record high on 10/1/18 of 2,924.69 dropped over 10 days to $2,728.37, a change of 6.7%. The numbers for the DOW look scarier. The record high of 26,828.39...

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Wedding Gift Etiquette

Posted by on Jun 23, 2016

It’s June and the wedding invitations are arriving, and the question becomes how much do you spend on a wedding gift?  The answer is:  It depends…           At no time do you spend more than your budget allows. You are encouraged to buy items off the registry.  You can plug either the bride or grooms name into and discover where the couple has registered.  Start early to give yourself more options. Can you give cash?  Cash is the ultimate wedding gift, both for giver and recipient.  Cash doesn’t have to be bought at a certain store, is never the wrong color, and is easy to...

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Do’s & Don’ts of College Planning: Roth IRA for College

Posted by on May 19, 2016

Roth IRA’s are another option that can be part of your game plan for college funding. One of the challenges in planning for college is to know what your newborn’s talents will be, what college they should attend, or will they get scholarships or have great athletic talent.  Add the fact, that if you over fund your 529 plan or educational savings account, you will have a 10% penalty to use the monies for non-qualified expenditures. I know of an instance where the child attended college in England in order to absorb the monies accumulated in the 529 plan. So how do you adequately fund without...

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Do’s and Don’ts of College Planning – U.S. Savings Bonds for College

Posted by on May 11, 2016

Double the money!  Another college savings option with relatively low risk is the U. S. Savings Bonds.  These types of bonds are usually purchased and redeemed at your bank.  They are issued in denominations of $50 to $10,000.  For example a $50 bond would cost you $25. The typical bond issue is Series EE.  The earnings are usually tax deferred for Federal and tax free for state.  Some post 1989 EE bonds may be redeemed federally tax free if used for qualified higher education.    To be federally tax free, the bond owner must be at least 24 years old before the bond’s issue date.  Bonds...

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