Coronavirus hits the globe. Covid-19, the Coronavirus that originated in Wuhan, China is now spreading throughout the world. The continued uncertainty is starting to materially infect the global economic system. The virus appears to be easily transmitted and governments are grappling with containment. Quarantines are in place. Travel to and from afflicted areas is prohibited. Throw in Read More
Phase One. Done. The United States and China finally came to an agreement in an attempt to de-escalate the ongoing trade war. The parameters of this Phase One deal? The U.S. hit pause on more tariffs in return for China agreeing to purchase additional agricultural products. The two countries have many more trade issues waiting in the Read More
Do you daydream about leaving your nine-to-five sooner rather than later in life? Retiring early is becoming an extremely common financial goal. People want the freedom and flexibility well before their golden years. Others are simply striving for ultimate financial independence – working because they want to, not because they depend on the income. Traditional Read More
Our thoughts on the whole “timing the market” approach? In the wise words of Paul Samuelson, “investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas”. Many people shy away from the stock market from the fear that it’s too risky. They Read More
We all know life can throw the unexpected our way sometimes. The goal is to have the financial flexibility to be able to successfully navigate those situations. Here are a few of our favorite quotes to inspire you to give your financial resilience a leg up:
Money impacts every life choice we make. Where we live, what we wear, the career we have, what we do with our free time, even what food we eat – money is a part of it all. Which means how you make your financial decisions is very important. For many day-to-day choices, you can simply Read More
Happy New Year to all! We hope you had a truly wonderful holiday season. With all the celebrating going on, you may have gotten a bit behind on the personal finance happenings. No worries! Here’s a look back at what we’ve been focusing on: October: Planning ahead for life’s unpredictability: Unexpected things in life happen Read More
The topic comes up quite often in conversation. People want to know why we decided to go out on our own and found McKay Wealth Management Group in the first place. In the grand scheme of things, starting our own registered investment advisory firm probably wasn’t the easiest way to continue our respective careers after Read More
Fall! Is that you?? The holidays are coming, it’s football time, the weather is cooling off, Richmond festivals are ramping up…what’s not to love about this season? If your summer flew by as quickly as ours did, you may have missed out on the personal finance topics we’ve been focused on the past few months. Read More
Your parents probably handled your finances growing up. They made sure you had what you needed, kept you from going off the money rails, and maybe even taught you about the inner workings of the financial household. Then at some point, you took over that responsibility. Your parents set you free to make your own Read More
