The FAFSA (Free Application for Federal Student Aid) for the 2021-2022 year opens on October 1, 2020. The FAFSA is a prerequisite for federal student loans, grants, and work-study. In addition, colleges typically require the FAFSA before distributing their own need-based aid and, in some cases, merit-based aid.Continue reading “FAFSA for 2021-2022 Academic Year Opens on October 1”
Are prescription drug costs burdening your finances? Some people find it a challenge to manage the cost of prescription drugs. Americans pay an average of $1,200 per year for medicine. For those facing greater and more dangerous ailments, some drugs can cost $10,000 per month or even lump sums in excess of $80,000 for certain drug therapies. Yes, health insurance and Medicare Part D can help you, but not everyone has access to Medicare, and not every insurance company has the same formulary. This means that your coverage may fall short—not something you want to hear when wrestling with a major diagnosis.1
How can a household try to manage drug costs? There are some approaches that may help.Continue reading “Managing Drug Costs”
Losing a loved one can be a difficult experience. Yet, during this time, you must complete a variety of tasks and make important financial decisions. You may need to make final arrangements, notify various businesses and government agencies, settle the individual’s estate, and provide for your own financial security. The following checklist may help guide you through the matters that must be attended to upon the death of a family member.Continue reading “Death of a Family Member Checklist”
Getting married is exciting, but it brings many challenges. One such challenge that you and your spouse will have to face is how to merge your finances. Planning carefully and communicating clearly are important, because the financial decisions that you make now can have a lasting impact on your future.Continue reading “Merging Your Money When You Marry”
Even in normal times, it can be challenging for families to cover college expenses without borrowing money and/or risking their own retirement security. For the 2019-2020 academic year, the cost of in-state tuition, fees, room, and board at a four-year public college averaged $21,950, and the total for a private college approached $50,000.1Continue reading “College Disrupted: Students Face High Costs and Pandemic Impact”
When a company splits its stock, it takes each share and divides it into some larger number of shares. It can be a 2-for-1 stock split or any other combination. When the stock is split, more shares are available, but the total value of all the shares remains the same. Accordingly, if you owned one share worth $100, and the issuing company conducted a 2-for-1 stock split, you would own two shares worth $50 each. Companies can also do reverse splits, making one share from numerous shares, if they want to increase the per-share price of the stock.Continue reading “What Is a Stock Split?”
There’s no doubt about it–owning a home is an exciting prospect. After all, you’ve always dreamed of having a place that you could truly call your own. But buying a home can be stressful, especially when you’re buying one for the first time. Fortunately, knowing what to expect can make it a lot easier.Continue reading “Buying a Home”
Are you one of the many retirement account holders who took a Required Minimum Distribution (RMD) this year? If so, you may want to consider reducing your income by paying back those distributions, as the requirement for taking them has been waived this year. There are some essential details to keep in mind, however. Here’s what you need to know.Continue reading “The 2020 RMD Reversal Deadline Is Almost Here”
Condor Capital Management is proud to announce that we have been recognized as a top registered investment advisor (RIA) in FA’s 2020 Annual RIA Ranking. Condor Capital is listed as #7 in the state of New Jersey and #287 overall in the ranking.
With a readership of 110,000 qualified subscribers every month, Financial Advisor delivers crucial strategies and information about the markets to financial planners, RIAs, and independent broker-dealers. Each year, the publication conducts a survey to determine the best RIAs in the country based on information submitted by individual firms. Companies are ranked based on the total of their discretionary and nondiscretionary assets, percentage growth in total assets, and percentage growth in assets per client.
About Condor Capital Management
Founded in 1988, Condor Capital Management is an employee-owned, SEC-registered investment advisor based in Martinsville, N.J., employing 20 professional and support staff. Since Condor is a fee-only investment management firm, its fees are based on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interests and utilizes an integrated approach to investment management that includes thorough financial planning advice on a complimentary, as-needed basis.
For more information on Condor Capital Management, please visit https://www.condorcapital.com or call 732-356-7323.