President Biden's New Personal Finance Policies

President Biden's New Personal Finance Policies

Eric Maldonado, CFP®, MBA
Financial Planning, Tax Planning

Joe Biden was inaugurated as our 46th president; here are some of the new policies relevant to personal finance:

Student loan freeze: The Department of Education extended the suspension of federal student loan payments through September 30, 2021, giving borrowers some extra breathing room this year. No interest will accrue during that period, and each month will count toward public service loan forgiveness as well as student loan rehabilitation. Unfortunately, private loans are again excluded from the freeze.1

How to set goals in 2021 when things are unpredictable

How to set goals in 2021 when things are unpredictable

Eric Maldonado, CFP®, MBA

As you think about where you are and where you want to be, you can quiet the “what ifs” that come with uncertainty by keeping a few key principles in mind.(1)

That’s what this month’s Visual Insights Newsletter is all about.

Click here to see it!

Find ways to give yourself the power to stay on track and make real progress.

Learn more about setting better goals in uncertain times.

Sincerely,

Eric Maldonado, CFP®, MBA
Aquila Wealth Advisors | (805)250-4552 | eric@aquilawealth.com
872 Higuera Street, San Luis Obispo, CA 93401
www.aquilawealth.com

Schedule a Chat

Market Correction Fear is a Trap

Market Correction Fear is a Trap

Eric Maldonado, CFP®, MBA
Investing

What’s the number one mistake investors make when markets decline?

Selling in haste.(1) It’s an emotional reaction to the surprise of a correction.

And it usually trades one problem for another—it replaces fear with seller’s remorse.(2)

You can avoid all of that if you know the facts about market corrections.

This month’s Visual Insights Newsletter highlights what you need to know about market corrections, so they don’t rattle you.

Click here to see it!

Do Your Giving While Living

Do Your Giving While Living

Eric Maldonado, CFP®, MBA
Charitable Giving

This is the best article I've read all week, so I thought I'd share it. It's a Forbes article about Chuck Feeney, 89, a billionaire who gave all his money away and couldn't be happier.

It's an inspiring story. He co-founded Duty-Free Shoppers, the airport retailer, in 1960. He made billions, lived frugally, and gave nearly $8 billion to charities anonymously.

He promotes "Giving While Living" versus funding a foundation at death.

Article link: https://www.forbes.com/sites/stevenbertoni/2020/09/15/exclusive-the-billionaire-who-wanted-to-die-brokeis-now-officially-broke/#44a0ade23a2a

I hope it brings a little "fresh air" to your week.

Eric Maldonado, CFP®, MBA
Aquila Wealth Advisors
(805)250-4552 | eric@aquilawealth.com | www.AquilaWealth.com

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Retirement During Uncertain Times -- 3 Do's & Don'ts-- FREE PDF Download

Retirement During Uncertain Times -- 3 Do's & Don'ts-- FREE PDF Download

Eric Maldonado, CFP®, MBA
Retirement Planning

How does one safeguard their retirement future during these uncertain times?

Here’s a helpful and FREE pdf guide download that will help you with:

  • 3 simple steps to help protect your cash-flow, assets, and mindset.

  • A couple of common financial mistakes to avoid.

  • The first step to clearing the fog of uncertainty.

Retirement During Uncertain Times — Free PDF Guide Download

Upon reading this, feel free to reach out to us with any questions or to schedule a free and confidential Retirement Readiness Session.

When is the Right Time to Refinance My Mortgage

When is the Right Time to Refinance My Mortgage

Eric Maldonado, CFP®, MBA
Cash Flow Planning, Financial Planning

Hi, Eric Maldonado here with Aquila Wealth Advisors.

Here is a timely question I’ve heard often, “Should I refinance my mortgage?” In this article, I’m going to walk you through the key questions you need to answer to make an informed decision.

Quick Summary

If you purchased your house when interest rates were higher than current record lows, you might be wondering: should I refinance?

You’d think the answer would be simple: a lower interest rate is better, right?

However, the right choice depends on your situation. And with the way fees and mortgage interest work, a refinance can be a bad deal.

Here are 4 key considerations

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Clarifying Why Money Matters to You

Clarifying Why Money Matters to You

Eric Maldonado, CFP®, MBA
Financial Planning

When creating a financial plan, it's essential to start with getting clear on your values. What does that mean? It means you are beginning with the foundation of what makes you "YOU." When it comes to money, we all have our way of dealing with it. It has been said, "Personal finance is more personal than it is finance." Everybody has a unique first memory of money. Everybody has a unique style when handling their money because of their upbringing and life experiences. Everyone thinks about money in their way, which then impacts how they deal with it. So, it's crucial to spend time thinking about what money means to you and why it's important to you. Your values will be the driver of your goals, which drives your action items within your financial plan.

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