Philip Pletcher, Licensed Agent with New York Life

Millennials' finances are a mixed bag, with some hit incredibly hard by the 2008-09 Great Recession or COVID-19 pandemic, while many have since earned good jobs, engaged in smart retirement planning and secured what may be the last truly low mortgage interest rates on homes.

I’m a Millennial in Great Financial Shape — 11 Steps I Took To Get Here Millennials' finances are a mixed bag, with some hit incredibly hard as young workers during the Great Recession of 2008-09 and others suffering during the COVID-19 pandemic. Yet many millennials have...

Using measures that builds on the Sahm rule, a new indicator says there's a 40% chance the US is in a recession that started as early as March.

There's a 40% chance the US economy is already in a recession, according to a new indicator Using measures that build on the Sahm rule, a new indicator says there's a 40% chance the US is in a recession that started as early as March.

Student loans are among the biggest debts for Americans. Lowering these debts can provide significant financial relief. This article discusses ways to reduce your monthly payments amidst recent changes in student loan relief.
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If you have questions about how student debt affects your finances, please contact me.

Did you know that over 70% of Americans over the age of 65 will need some form of long-term care in their lives? Planning for retirement means preparing for life's uncertainties. Reach out and let's work together to ensure you're well-prepared for the future.

Long Term Care Insurance Costs by State and Region | New York Life Use New York Life's tool to access long term care insurance cost information by state and region. Learn more about long term care costs and what they include.

An AARP survey found one in five Americans aged 50+ have nothing saved for retirement, while more than half (61%) worry they won’t have enough money to support them in their golden years. Financial experts recommend their clients start setting aside money as early as possible.

Is it better to max out retirement accounts, contribute to your kids’ 529 plan or make extra mortgage payments? How to define your biggest priorities.

As of June 2024, 26 states require that students take a personal finance course before graduating from high school. This proves to be a way to be better financially secure.

Americans Say They’d Be More Financially Secure if Better Educated — 6 Ways To Start Early As of June 2024, 26 states require that students take a personal finance course before graduating from high school, according to Next Gen Personal Finance. This proves to be more financial education...

Top Olympic athletes' rigorous training, dedication, focus, and adaptability are key elements of financial success. Understanding their approach to finances offers valuable insights. Read more about how top-tier athletes' handle their strategies here:
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If you have any questions about reaching your personal financial goals and would like to discuss your strategies, please feel free to contact me.

As this summer season comes to a close, don't forget to prepare for all the ones ahead. Reach out to learn how I can help you safeguard your family and build a more secure future.

When it comes to choosing a place to live, taxes – including no income tax states – sometimes influence the decision-making process. However, there are many factors and types of taxes to consider no matter which state you live in or move to.

Are No Income Tax States Better to Live In? There are many factors and types of taxes to consider no matter which state you live in or move to.

Can't seem to pay down your debt fast enough? Managing debt isn't just about finances, it's about your peace of mind. While it can be challenging to pay off debt and save at the same time, here are 7 tips to help you take back control of your financial future. For even more tips, let's talk.

Tips on how to pay off debt and save at the same time It can be challenging to pay off debt and save at the same time, but it is possible using these tips.

IRS issues new guidance for inherited IRAs, digital advertising taxes, wealth taxes, industry updates and more. Planning ahead can help with the unexpected.

Tax Breaks: Planning Can Help You Deal With The Unexpected Our latest edition of Tax Breaks. Plus: IRS issues new guidance for inherited IRAs, saying no to bad tax advice, digital advertising taxes, wealth taxes and more.

Read to find out how to help avoid certain tax surprises when you sell a vacation home.

Avoid These Tax Surprises When Selling a Vacation Home Navigate the tax downsides so you can better reap the benefits of your vacation home investment.

Living in a home with one of these street names could significantly increase the value of your property.

These Street Names Could Boost Your Home Value by Thousands

Mortgage rates have risen, making home affordability more challenging, but many continue to buy. If you’re looking for a new house, it's crucial to maximize your finances. Here are some tips to reduce the impact of high interest rates on your wallet and monthly payment.
If you have questions about personal finances and buying a home, please feel free to contact me.
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Your taxes in retirement might not be lower, and you could be facing a looming tax bill because of RMDs. Consider preparing now with Roth conversions.

Avert a Tax Surprise in Retirement: Get Ready With a Roth

Summer fun may be priceless for kids, but it’s increasingly costly for their parents. Some go into debt to pay off a summer; others adjust their work hours, scramble to find care, or have to deal with their children feeling left behind by peers headed to pricey summer programs.

Summer vacation is only getting more expensive for parents, with some spending thousands of dollars on camp: It's 'highway robbery' Parents told BI that they're spending thousands to send their kids to camp or other summer care.

Establishing strong goals is crucial for the success of businesses. Learn how to set short and long- term goals that are specific, trackable, and measurable at the link below.

Setting Business Goals & Objectives | New York Life When planning out business objectives, it's important to have short and long term goals in mind. Read about how to define your company's goals.

Social media can be a great resource for tips and advice. But when it comes to your financial security, it never hurts to follow up with a trusted professional. Whatever your goals for the future may be, I can provide customized guidance to help you in your journey. Reach out, and let's talk.

If you’re planning to retire in the next few years, it’s important to be prepared. Taking steps now to manage your finances can help you enjoy your golden years with fewer concerns. Here’s a great article with five tips to make your retirement a little sweeter.
If you have questions about reaching your retirement goals, please feel free to contact me.
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Learn more about what’s currently shaping the markets. Read this quarter’s edition of The Eagle Edge here.
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Raising a child in the U.S. has become far more expensive than it was just a few years ago, but the problem is exponentially worse in these five states.

Raising a child is getting more expensive - but the problem is worse in these 5 states

As a parent, one of the greatest gifts you can give yourself—and your family—is the assurance of a secure retirement. That's why it's important to plan ahead to ensure financial stability during your non-working years. This Parents' Day, give your future self a pat on the back by reaching out and letting me help you build the retirement you deserve.

Can AI answer the needs of smaller businesses? Artificial intelligence tools are finding widest use at big companies, but there is expectation that the impact will spread.

Can A.I. Answer the Needs of Smaller Businesses? Some Push to Find Out. Artificial intelligence tools like ChatGPT are finding widest use at big companies, but there is wide expectation that the impact will spread.

The reality is, it's never too late to work on your retirement dreams. Read this interesting article to find out more. Read about 3 general reasons you can still successfully plan for retirement, no matter when you start.
For more about information on the topics mentioned in the article and your personal retirement strategy, please feel free to contact me.
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For better or worse, finfluencers have dedicated followers across social media platforms. Before you take any financial guidance, ask these three questions.

Can You Tell a 'Finfluencer' From a Flimflammer? For better or worse, finfluencers have dedicated followers on YouTube, TikTok and elsewhere. Before you take any financial advice, ask these three questions.

When it comes to retirement savings, there's a lot to consider when preparing for the future—including managing costs for extended periods of care. Read this article to learn more about how to ensure you're prepared.

Retirement Planning Checklist | Bankrate Retirement planning requires thinking ahead and being flexible. Check these five items off your savings to-do list to get started.

By incorporating life insurance into your strategy, you can protect your loved ones while still being able to plan for the future.

Playing Offense with Life Insurance | New York Life When dealing with your own financial future, risk has real-world consequences. Learn how life insurance can help defend against financial risks.

A debilitating sickness or injury can come in many different forms. Having protection that does too can make all the difference. Whether you work for yourself or an employer, learn how New York Life's MyIncome Protector can give you more options for protecting your financial future.

Individual Disability Insurance | New York Life Read how an individual disability insurance policy from New York Life can offer personal income protection in the event of a disability.

Homeowners cannot avoid property taxes, but there are strategies to potentially decrease your bill.

How to Reduce Your Property Tax