There are two types of funds you may be looking to invest in: actively managed and passively managed. First, a fund is an investment tool that takes your investment capital and divides it between selected stocks and bonds, all bundled within one fund. While the two can invest your money in the same bundle, there are key differences.
Last month, Ryan Bayonnet, CFP®, MSF was interviewed by Veronica Dagher, a senior wealth management reporter for The Wall Street Journal. In the interview, Ryan discussed with Veronica how to handle family money disagreements that arose from the COVID-19 Pandemic and subsequent economic downturn.
You hear it all the time: you should make sure your retirement savings at least keep pace with inflation. But what is inflation and how does it really affect your retirement savings? Let’s explore.
Last week, Ryan Bayonnet, CFP®, MSF was featured in MarketWatch's article How Economic Slumps Inflict Permanent ‘Scars’ on Spending and Saving. Read more here.
In response to the unfolding COVID-19 global pandemic, the Coronavirus Aid, Relief, and Economic Security Act was unanimously passed by the Senate on March 25, 2020. The next day it was passed in the House via voice vote and signed into law by the President.
Last week, Ryan Bayonnet, CFP®, MSF was featured in U.S. News & World Report's article titled 5 Tips for Newlyweds Merging Bank Accounts and LendingTree's article titled Tips for Getting out of Business Debt. Take a look at the articles below as well as a picture from Ryan's recent speaking engagement at the Ohio State University.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is a bipartisan bill designed to address Americans' difficulty in saving and investing for retirement. The bill passed the House of Representatives in a 417-3 vote in July and the Senate in a 71-23 vote in December. The President signed the SECURE Act into law last Friday as part of the government’s overall spending bill. The bill seeks to put into place provisions to strengthen retirement security across the country. Listed below are some of the major changes and how they may affect your retirement plan.
Each year, US Medical Specialties, Inc., an international medical consulting firm, helps physicians and other healthcare professionals find community based, doctor friendly financial advisors. For the third year in a row, Ryan M. Bayonnet, CFP®, MSF has been recognized by MD Preferred for his service to physicians.
Beginning today, TD Ameritrade will be ending commissions for online trading in U.S. stocks, exchange-traded funds and options.
1. Pay off Student Loans
When beginning residency, the first thing you should is gain a full understanding of your student loans. Use an account aggregation service similar to Mint, Quicken, Personal Capital, etc. to view all of your loans in one place throughout the debt payoff process. These tools will prove to be a great resource.