Enjoy this week's edition of the Planner's Beta
Beta (n) - climber's jargon that designates information about a climb This digest's purpose is to share observations, ideas, and treasures found this week which you may also find insightful. Sharing does not mean it's an endorsement. I am endorsing the pursuit of knowledge and exploration.
Something From Nate
Restrictions are easing here in Oregon; Becky and I made it out to some local public land for dispersed camping this weekend. Although we were in solitude, it was relaxing to get out of the apartment. I've been picking up photography over the past several months, and it was nice to get out someplace where I could further develop my skill. Above are several pictures I wanted to share with you. I am learning photography is much more than just point and shoot. A camera is a tool that allows the photographer to capture different aspects of light. I am finding I enjoy capturing photos in low light conditions. It was past dusk when I snapped the tent's photo and the glowing embers of the fire. Low light images require a steady hand (or tripod) for crisp detail. However, I learned one might use glowing embers to paint a new portrait. A photographer can derive a more dynamic picture from a static scene.
Articles
Emergency relief screw-up hits 5 million student loan borrowers (Politico) - Are your student loans serviced by Great Lakes? If so, it may be worth reviewing your credit report (a task you should be completing at least once a year) for any errors. The CARES Act suspended federal student loan payments with no consequences to debtors through September 30, 2020. However, a reporting error from Great Lakes may result in an improper mark on approximately 4.8 million credit reports. An inaccurate credit report may result in increased borrowing costs when trying to get a loan.
Dell Halts 401(k) Matching, Pay Raises, Hiring to Preserve Cash (Yahoo Finance) - More and more companies are halting employer-sponsored retirement plan matches during these tough times. Now is an excellent time to take stock to see if you are on track to your retirement goals, especially if your employer ceased their match. Contributing more to your existing 401k may or may not be your best option for your situation and objectives. Consider looking at other alternatives such as an IRA, Roth IRA, HSA, or even a brokerage account to reach your goals.
Chapter Three: The Big Cycles Over The Last 500 Years, The Changing World Order (Dalio) - Looking for a big think? Ray Dalio, hedge fund manager and founder of Bridgewater Associates, is sharing his forthcoming book, The Changing World Order, on LinkedIn. The book attempts to provide a framework for the rise and fall of global superpowers. Chapter three is especially illustrative of Dalio's research. It categories how the Dutch and British empires grew and collapsed. His next section will focus on the U.S. and China.
New Service Packages from Pursuit Planning and Investments, LLC
Have a specific financial question your need answered, but don't need a comprehensive financial plan? The quickstart service packages are designed to help those with particular planning problems. I created these packages to educate and empower your decisions. The service menu includes:
Money Management Plan- a program designed to help you manage spending, savings, and debt
Newlyweds Money Plan - designed to help new couples combine their finances
Home Purchase Plan - a program designed to help you successfully navigate purchasing a home
Student Loan Analysis- a program to help you successfully get from underneath student debt
Retirement Plan - created to help you understand retirement and if you are on track
Tax Analysis- a program designed to help you understand your taxes and if there are opportunities for improvement
Each plan includes dedicated time with me and an action plan. Pursuit Planning and Investments, LLC, does not sell insurance or investment products for a commission. The quickstart packages are focused on you and your needs, not on any product. Learn more about our service packages here.
Quote of the Week
"To make a discovery is not necessarily the same as to understand a discovery." - Abraham Pais
Have something on your mind? Schedule a free call with Nate.
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