Market Commentary

SAVE and OnRAMP

Posted on August 16, 2023

On Friday, June 30th, a date which will live in infamy (at least with student loan borrowers), the Supreme Court ruled that the Biden administration's student debt forgiveness program was unconstitutional.  No sooner had the ink dried that the administration announced their plan B, a double whammy of the SAVE and On-Ramp programs.  These programs were aimed at helping citizens with outstanding student loans to finally pay off their loans or have a path toward student loan forgiveness after a series of payments.  The ambitious SAVE program will replace the current REPAYE program and will, by July 1st of 2024,...

The ABC’s of Student Loans

Posted on August 16, 2023

The phrase Student Loan Debt likely inspires dread in the minds of many struggling to repay years-old loans for an education that may or may not have been worth the cost.  While many view student loans and the mounting debt crisis with disdain, student loans have funded the education of millions in the past decades.  Since the 80s college tuition inflation has outpaced both actual inflation and salary escalation leading to increase borrowing to fund educational goals.  This led to the ballooning of student loan debt and the student debt crisis I’m sure you’re sick of living through. When borrowers find...

Student Loan Forgiveness

Posted on October 26, 2022

If you haven’t heard, the beta version of the public student loan forgiveness application went live.  This application for student loan forgiveness is the largest ever one-time student loan discharge ever offered by the US government. While student loan forgiveness has become a polarizing political issue it has also become a reality for millions of Americans and the potential planning implications are too important to ignore.   First the facts: Currently there are 1.6 trillion dollars in outstanding public student loan debt in the United States. Over 43 million Americans currently have student loan debt. The current student loan forgiveness program will...

Death, Taxes, and Market Volatility

Posted on October 10, 2022

It’s always difficult (some say impossible) to accurately explain the entirety of the financial markets at any single point in time.  There are several macro factors affecting the equity, bond, and real estate markets as a whole that are worth acknowledging as well as our response to them.  Its important to note, this is not personalized financial advice, do not take this as investment advice and please reach out to us concerning any opportunities you may have before you pursue them.   Inflation First and foremost, inflation is the bogeyman that has likely been blamed for all of the market woes at one...

Traverse Planning’s 2021 Market Recap

Posted on February 3, 2022

[video width="1280" height="720" mp4="https://traverseplanning.com/wp-content/uploads/2021-Market-Recap.mp4"][/video]   Clear Creek Financial Management, LLC dba Traverse Planning is a Registered Investment Adviser. This content is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Clear Creek Financial Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Clear Creek Financial Management, LLC unless a service agreement is in place....

Important Message Regarding Long-Term Care Insurance

Posted on July 22, 2021

If you have long-term care insurance, you have most likely received a premium rate increase on your policy (potentially multiple ones depending on the insurance company). These are typically accompanied by a few options to make changes to your policy. In general, the options listed are typically more beneficial to the insurance company than the policy owner and are not the only options available. Here’s what I just went through for my parents: In May my parents received a notice from Genworth that their premiums would be increasing by 55%. This was on top of the 44% increase between 2013-2015 and the...

January 2021 Portfolio Update

Posted on February 2, 2021

We wanted to take a few minutes to loop you in on the rebalance we did earlier this week and some adjustments we made at the same time. A lot has happened over the past year. We saw the beginning and middle of a global pandemic, along with the markets' retreat and recovery along the way. Not only has Zoom become a household name, but many parents took up second careers as homeschool teachers. And most recently, we ushered in a new administration. With changes as large and impactful as these, it was prudent and timely to rebalance the portfolios...

October 2020 Portfolio Updates

Posted on October 27, 2020

This year has been one for the history books on many counts.  When we made the changes to our portfolios at the beginning of the year, we mentioned that we hadn’t experienced a bear market (i.e. 20% or greater decline) in over a decade.  While we did not know what would cause one, we knew (from a purely statistical standpoint) that we were on borrowed time and proactively adjusted our portfolios accordingly.  It turned out that the timing of our derisking was extremely timely.  When we made the changes to our portfolios, it was done so out of prudent investing...

September 11 – Never Forget

Posted on September 11, 2020

Where I was on September 11 I had just finished my freshman year at Temple University and, after almost failing out, decided I wasn’t ready for college yet and needed to take some time off. I moved back in with my parents in Jersey and ended up landing a job at a bedroom furniture store. Even though I wasn’t good at sales, I learned the products quickly and people seemed to like and trust me enough to buy from me. I had already made a few thousand dollars in that short time and since I didn’t really have any expenses (thank...

COVID-19 Update #5

Posted on April 24, 2020

COVID-19 Update While many parts of America may well have crested the wave and are coming back down from the surge of new cases, other parts of America are now just nearing the crest.  It was announced early Friday morning that the US death toll crossed over 50,000 human lives here in America.  This battle against COVID-19 is still far from over, but the good news is that the early projections of a quarter-million or more US deaths seem to be very far off with new projections closer to 70,000 deaths.   We heard at the beginning of this week that Colorado,...

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Traverse Planning is a dba of Clear Creek Financial Management, LLC. Clear Creek Financial Management, LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Clear Creek Financial Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Clear Creek Financial Management, LLC unless a client service agreement is in place. Traverse Planning® is a registered trademark of Laurence Schiffman. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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