Providence Wealth Planning

10/10/2026

Time to start thinking about a college savings plan? Our advisors are here to help.

10/07/2026

🚨 Scammers are getting more sophisticated, and the financial toll is growing.

Americans reported a record $15.9 billion in scam losses last year, up 25% from the year before. And the real number may be much higher, since many victims never report what happened.

⚠️ The problem is also widespread: 98% of Americans surveyed said they believe scammers have targeted them, and 3 in 10 said they’ve personally lost money or information.

Recovering stolen funds can be difficult, especially when someone is tricked into authorizing a payment. Victims may also be targeted again by criminals claiming they can recover the original loss for a fee.

🔐 If someone contacts you unexpectedly about money, an investment, or recovering funds you’ve already lost, slow down before sending anything. Verify who you’re dealing with through a trusted source, and be especially cautious if there’s pressure to act quickly.


Source:

Virtually every American has been targeted by scammers in some way, exclusive new polling data shows.

10/04/2026

October is Breast Cancer Awareness Month.

We take this time to honor the strength of those who have faced a diagnosis, support those currently going through it, and recognize the families and communities who stand beside them.

Awareness matters. Support matters. Presence matters.

We stand with you.

10/02/2026

🏠 Mortgage rates climbed above 7% last week, and more borrowers started looking for a different way in.

The average rate on a 30-year fixed mortgage rose to 7.12%, while adjustable-rate mortgages offered rates more than a percentage point lower. That difference helped push ARMs to 9.8% of all mortgage applications, up from 8.4% two weeks earlier.

🔑 The appeal is easy to understand: an ARM may offer a lower initial rate and monthly payment. But that rate doesn’t stay fixed forever. Once the initial period ends, it can adjust higher or lower depending on where rates are at that time.

Meanwhile, overall mortgage demand fell, with purchase applications down 1% for the week and refinancing applications down 3%.

A lower rate today can be tempting. What it does after the fixed period ends is the part worth thinking through before you sign.


Source:

As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.

09/29/2026

It’s not easy to feel confident your financial plan is on target when that target might be 10, 20, or even 30 years away! But adjusting your aim SOONER rather than later can make a huge difference in your overall success. Schedule your free Second Opinion analysis today!

09/28/2026

What if one tax return could make your Medicare Part B premium 3.4x higher*? 💡

IRMAA (Income-Related Monthly Adjustment Amount) can significantly increase what you pay for Medicare Parts B and D if your income exceeds certain thresholds. And the surprise for many retirees? It's based on your income from two years ago.

Planning ahead may help you avoid unexpected premium increases.

Contact your Providence Wealth Planning advisor to learn more.



*ssa.gov, 2026

09/25/2026

🌟 Make a Difference Today! 🌟

One way to give back to the community comes when you experience the joy of volunteering. Whether it's lending a helping hand, sharing your skills, or spreading kindness, every effort counts. Together, we can create a positive impact and inspire change. 🤝❤️

Ready to make a difference? Volunteer now!

09/23/2026

Inflation is still running above the Federal Reserve’s 2% target.

The Fed’s preferred inflation gauge, the personal consumption expenditures price index, rose 0.2% in July and 3.7% from a year earlier. Core PCE, which strips out food and energy prices, increased 3.3% annually.

The report also showed personal income rose 0.4% while spending increased 0.2%.

For consumers, that means price pressures haven’t disappeared, even as some categories, including gasoline and other energy-related goods, moved lower during the month.

With inflation still elevated, the latest numbers may remain an important part of the Fed’s upcoming interest-rate discussions.


Source:

The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.

09/22/2026

It can be a challenge to put together money for a wedding. With good budgeting and smart strategies, you can have a real day to remember.

09/19/2026

A gas station convenience store may not sound like an obvious place for a weekend destination.

But in Lakeville, Minnesota, The Farmer’s Cellar has turned an empty storefront next to a gas station into an upscale restaurant and hidden speakeasy.

The business, which includes the speakeasy, convenience store, and gas station, brought in almost $5 million in revenue during its first year. The speakeasy alone generated just over $1.7 million from its opening in May 2025 through April.

The concept stands out at a time when restaurant costs remain elevated, and many consumers are treating dining out as more of a special occasion.

For small businesses, the story highlights the value of location, creativity, and customer experience, even in unexpected places.


Source:

Tony Donatell turned an empty storefront next to a gas station into a sophisticated speakeasy, The Farmer's Cellar. Inside, it's still the "roaring twenties."