About Russell Harris

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So far Russell Harris has created 84 blog entries.

Home Runs and Hard-Earned Savings: Comparing the Atlanta Braves’ 2023 Baseball Season to Personal Finances

As the Atlanta Braves gear up for the playoffs, there's a curious parallel that can be drawn between the world of professional sports and our personal finances. While these two domains may seem worlds apart, they share common threads of planning, management, and the pursuit of success. In this article, we'll explore how the Braves' baseball season resembles our own financial journeys and what lessons we can glean from their playbook. Setting Clear Goals: Just as the Braves aim to win games and, ultimately, the championship, we set financial goals [...]

By |2024-01-30T18:39:35-05:00October 3, 2023|Financial Planning, Of Interest|

Things to Consider When Offered a Severance Package

Getting offered a severance package from your employer can be an exciting and nerve-racking situation, all at the same time.  It is important to take a moment and understand your personal situation.  It is essential to carefully consider the terms and implications before making a decision.  Here are some key factors to take into account:   Package Details: Review the specific terms of the severance package, including the amount of compensation, the duration of payments, and any additional benefits (e.g., continuation of health insurance, outplacement services, or retirement account contributions). [...]

By |2024-01-30T18:46:46-05:00September 22, 2023|Financial Planning|

Retirement Savings Changes

The Consolidated Appropriations Act of 2023 was signed into law in December 2022.  Part of this law included what is known as the Secure Act 2.0.  This portion spells out many changes to retirement savings rules that take affect over the next several years.  One might ask, how does this affect me?  Below is a short synopsis of a few provisions that you should be aware of. Probably the biggest change that affects many of us is the modification in Required Minimum Distribution (RMD) time frames.  The original Secure Act [...]

By |2024-01-30T18:49:29-05:00July 28, 2023|Retirement Planning|

Fact Of The Week: July 13, 2022

Historically, the S&P 500 has an average recovery of 23.8% after it declines by >15% during the first half of the year. DID YOU KNOW? There are only 5 other instances of the S&P 500 down >15% to start the year.  On average, they returned 23.8% during the second half of the year. Source: First Trust Portfolios LP

By |2024-03-08T13:11:58-05:00July 13, 2022|Of Interest|
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