Navigating your retirement savings can be a challenging process due to the inherent complexities and the multitude of factors that tend to affect the most confident plan. However, a comprehensive approach can drastically increase the likelihood of yielding suitable results. Here are some tips to help you navigate your...
Many people are familiar with budgeting, providing a roadmap for spending habits. While there are many ways to budget, one standout tool is the personal budget calendar, which helps track your income and expenses spread over days, weeks, and months. Personal budget calendars help you plan and control spending,...
The primary goal of financial awareness is to establish and maintain healthy financial habits. Financial awareness aims to help people understand things such as budgeting, setting financial goals, making informed investment decisions, interest rates, managing debt, and saving and planning for retirement. Fall is a great time to take...
The sequence of returns impacts investors when they are either adding to or withdrawing money from their investments, which can create risk depending on the sequence and the market conditions at the time. If an investor is not doing either, the there is no sequence of returns risk. However,...
Have you ever wondered how some families maintain their wealth over several generations? What’s their secret sauce? The answer may lie in using life insurance to establish a legacy that lasts over multiple generations. Determining if life insurance as an intergenerational wealth-building strategy is suitable for your family is...
For some people, managing money may feel like walking on a tightrope, juggling endless expenses. But with accountability, you can turn managing money into a positive endeavor. Accountability in finance refers to being responsible enough to track, manage and optimize your spending and savings. Here are some ideas to...
Debt can hinder financial confidence when you spend more than you make and borrow using credit. Other financial problems may occur, such as inadequate emergency or retirement savings. Another problem debt may create is what’s referred to as a debt trap, where an individual borrows money and cannot pay...
Establishing financial wellness is a personal, ever-changing state of being that enables one to exercise choice while feeling in control of finances. The individual determines financial wellness, which often includes working toward financial goals by completing specific actions. Some actions are time-sensitive, but others can occur anytime throughout the...
What kind of role can a financial professional play for an investor? The answer: an important one. While the value of such a relationship is hard to quantify, the intangible benefits may be long-lasting. There are certain investors who turn to a financial professional with one goal in mind:...
RETIREMENTREAD TIME: 4 MIN How do you picture your future? Some see retirement as a time to start a new career. Others see it as a time to travel. Still others plan to spend more time with family and friends. With that in mind, here are some things to consider....