Financial advisers counsel calm amid market ups and downs
It might be tempting to make dramatic changes to your investments right now, but it’s important to resist that impulse, advisers say.
Finances
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IBJ Podcast: Pete the Planner faces the ‘financial chaos’ of raising teenagers
In this week’s edition of the IBJ Podcast, Pete and host Mason King take an in-depth look at three of the most expensive seasons of parenting.
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IBJ Podcast: Pete The Planner on potential student loan tumult and its wider economic threats
Federal student loan borrowers haven’t been required to make loan payments since March 2020. But the grace period is almost over: Some 44 million borrowers will be required to either begin or continue making payments in September.
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IBJ Podcast: Pete The Planner on bouncing back from a big financial loss
Host Mason King talks with Pete the Planner about equating self-worth with financial worth, as well as steps to stabilize and buttress your finances if you’ve suffered a loss or are just behind in saving for retirement.
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Financial challenges plague rural hospitals, including in Indiana
Rural hospitals have long struggled to stay afloat. But now, the sector is facing a wave of closings under additional financial pressures, some caused by the pandemic that has strained resources.
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Articles
Indiana Legislature adopts tight budget with cigarette tax hike, widespread cuts
The Indiana Legislature approved a pared-down $46.2 billion state budget bill early Friday morning that will triple the state’s cigarette tax and cut funding for a wide swath of entities and programs.
As Congress eyes spending cuts, a report details Indiana’s $177B in federal support
Federal funding was spent in Indiana on everything from entitlement programs to defense, agriculture and education, according to an Indiana Fiscal Policy Institute analysis.
Jalene Hahn: Want a productive and profitable 2025? Set priorities.
If you haven’t already adjusted spending for inflation, now might be a good time to review expenses and identify which are no longer a priority.
Financial advisers in demand in digital age
The industry is in expansion mode, with job growth expected to significantly outpace overall U.S. job growth over the next several years.
Peter Dunn: Should you sell your current home or rent it out?
Whether it was one of the major mechanicals going out, a frozen pipe, or simply a renter getting behind on rent, my brain could no longer handle the drama.
SEC says financial firm is at center of Ponzi scheme; Indy partner faces lawsuits
Legal problems are piling up against a now-defunct Georgia financial firm called Drive Planning LLC and its Indianapolis-based managing partner, Gerardo Linarducci.
Judges in Missouri, Kansas temporarily halt part of Biden’s student debt forgiveness plan
The judges’ rulings prevent the U.S. Department of Education from helping many of the intended borrowers ease their loan repayment burdens going forward under a rule set to go into effect July 1.
Deadline looms on estate-tax option
The Tax Cuts and Jobs Act, which passed in 2017, temporarily doubled the estate-tax exemption starting in 2018. But the estate-tax provision of the TC&JA is scheduled to sunset at the end of 2025.
Personal finance: Keep up with changing landscape on IRA distributions
There is still confusion about when you need to start your required minimum distributions, how they are calculated and how to take advantage of a tax-free distribution.
Indiana students may need to learn how to open bank accounts, take out loans in order to graduate
The vote puts Indiana on track to join several other states that have recently adopted financial literacy graduation requirements.
IBJ Podcast: Pete the Planner says the best thing to do now is ‘stop spending money’
IBJ Podcast host Mason King calls on frequent guest Peter Dunn—aka Pete The Planner—to give listeners a pep talk, or at least some straight talk about what’s happening and what to expect. He hits the major topics from inflation to recession, as well as the strategies for riding out the latest fiscal downturn such as gas-tax holidays and Fed rate increases.
Pete the Planner: Remember these good times when the market takes a dive
When the market does decide to get rocky once again, you need to think back to this very moment—the moment in which the S&P 500 has averaged over 10% during the last 15 years.
Pete the Planner: A ‘mock retirement’ is key to knowing when it’s time for real one
Once you’ve had this discussion with your financial planner and she’s able to confirm the viability of your retirement, on paper, it’s time for one last game of trial and error. However, this time around, we’re going to lower the stakes by installing a giant safety net.
Library delays new Fort Ben, Glendale branches due to cost escalations
Indianapolis Public Library system said it is seeking a new financing plan after costs grew beyond the budget cap of $12 million for each project.
IBJ Podcast: Pete the Planner answers questions about retirement, college savings, mortgages
Host Mason King and the folks in the Midtown Parents Facebook Group in Indianapolis have a lot of questions about money—specifically how they should be saving it for retirement and college.
Owner of Carmel’s Clay Terrace files for bankruptcy
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
IBJ Podcast: Do I need a financial adviser? Probably. But how do I pick?
As host Mason King has experienced, figuring out what type of adviser you need and then which one to hire can be tough. So Peter “Pete the Planner” Dunn explains what to look for and how to choose.
Q&A with Scott Jared: Adopting a mindset of great abundance
Scott Jarred didn’t have big expectations for his first book, “FutureHack! How To Reach Your Full Financial Potential,” which he self-published this year. But it ended up on the top of The Wall Street Journal’s e-book non-fiction best-seller list.
CIB optimistic about finances post-pandemic
The Capital Improvement Board of Marion County is working to balance its budget and rebuild its reserves after a year in which it fell $40 million into the red.