Perspective

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So far Perspective Financial Services has created 157 blog entries.

Should Millennials Rent or Buy?

Should Millennials buy or rent a home?When choosing between renting or buying a home, only 37 percent of Millennials today opt for ownership, according to a report from the Urban Institute. That’s 8 percentage points lower than the two previous generations at the same age (24-35 years). Reasons range from personal preference to economic reality, or a combination. Should Millennials rent or buy a home?

Personally, I am in my mid-twenties and am still building up savings. My husband also has a highly mobile job. Settling in one place for many years is not an option right now. We currently rent our home for those reasons.

For others our age, factors include delaying marriage, large student debt and a preference for living in high-cost urban areas. According to a report at housingwire.com, the average mortgage payment for the U.S. median home in 2018 was $1,578, compared to an average monthly rent of $1,267. When faced with these costs and the reasons listed above, renting is usually the option Millennials choose.

Should Millennials rent or buy a home? Ultimately, the decision depends on one’s current financial situation and readiness to make a long-term commitment in purchasing a home.

For those who can afford a down payment and closing costs, have a stable job in their location of choice, or are ready to start a family, buying can be a sound investment. People who need flexibility, aren’t sure where they want to put down roots, or have substantial debt, renting may be a better option. Working with a financial planner can help you figure it out.

Written by Alicia Vallee, a Phoenix-based freelance writer.

Secure Personal Data

Secure personal dataIt may seem complicated to secure personal data on all your electronic devices. Shannon Curkendoll, operations manager and portfolio administrator, offers simple tips to make the task less daunting. Take a moment to watch her brief video. She explains how to lock your devices and create strong passwords you can remember.

 

 

For more great insight on how to secure personal data, check out Shannon’s article on how to understand and reduce Wi-Fi risk.

Understand and Reduce Wi-Fi Risk

By |May 6th, 2019|Current Affairs, Video Blog|

Create Your Life Map

Wouldn’t it be great if life came with a map and instructions? When you’re setting goals, how do you plan to get from point A to point B? In this brief video, Financial Planner Patrick Eng talks about the benefits of having a life map (a.k.a. financial plan) to help you navigate life’s ups and downs every step of the way. At Perspective, we know life happens and we can help you create a life map to help when it does.

 

The Perspective Team can help you create your life map.

The Perspective Team can help you create your life map.

Learn about the six key elements of our financial planning philosophy, our process in working with clients, and our investment strategy on our “How We Do It” page.

How We Do It

By |April 8th, 2019|Financial Planning, Video Blog|

Retirement and Required Minimum Distributions

retirement and required minimum distributions Certified Financial Planner practitioner Mike Larriva talks about your retirement and required minimum distributions (RMDs). In this short video, he offers a quick planning tip that’s worth your time. Taking his suggestion could help make settling your affairs less complicated for your loved ones when you pass away.

For a more in-depth explanation of your retirement and required minimum distributions, read our article, “Understanding RMDs,” below the video. You can also click here to visit IRS.gov for more details on RMDs.

 

Understanding RMDs

By |March 21st, 2019|Retirement, Video Blog|