Below you'll find a list of all posts that have been categorized as “Financial Planning”
The pros and cons of pooling finances with your significant other Some couples face a difficult (and sometimes awkward) question when they decide tie the knot: Should they combine their finances, keep them separate, or do a little of both?What they decide depends on a lot of different factors—including how comfortable they are comingling their money and whether they have …
This article considers all options for managing funds in a former employer’s retirement plan. In the past, baby boomers and Generation Xers often held onto jobs for 10 or more years. Some professionals stayed with the same company for most of their working lives. The Great Recession changed this for many. Now, people have become more comfortable moving from job …
Trying to buy or sell assets based on absolute market highs or lows may produce lower returns. Buying low or selling high is a prudent strategy for most investors, an effort to maximize returns. But buying the lowest or selling the highest is an elusive strategy, one that is difficult to execute and that may lead to lower returns and …
Four ways interest Rate Hikes Can Affect Your Finances Unless you live on another planet, you are fully aware of this thing called inflation — whether you’re at the grocery store, a gas station, buying clothes online, hiring a contractor or doing almost any other thing that requires spending money for something. Earlier this year, the Federal Reserve started raising …
Your 401(k) Offers You Valuable Benefits You Just Can’t Find Anywhere Else In the midst of economic adversity, market volatility, geopolitical uncertainty and a host of other things (including a still-active pandemic, now in its third year), it can be hard to find a silver lining. However, there is one thing that keeps showing you some love every day — …
Retirees face a critical task in managing their income and expenses to ensure that they can support their lifestyle and any healthcare costs. Unless you have accumulated substantial wealth where money is not a concern, you face a critical task when you reach retirement to make sure that your assets will support you through your lifetime. When you retire and …
It even makes understanding inflation easier. Let’s face it: talking about bacon is always fun. It can even help illustrate a topic that has been in the financial media a lot lately — inflation. In 1991, the price of a pound of bacon cost $2.22 (according to the Bureau of Labor Statistics). Thirty years later, in August of 2021, a …
There are important steps you can take to help your aging parents find living and health care assistance, as well as to secure financing for the cost of the care. Many adults have aging parents who are in need of living and health care assistance. There are a number of resources today that can help them grow old gracefully, either …
Investing is a risky business. Understanding the different types of investment risk and the impacts they play on returns is critical for planning a successful, long-term investment strategy. Many prospective investors eventually shy away from a commitment when they hear the dreaded “R” word: risk. By itself, risk is innocuous, carrying no special meaning or predictive result. But the idea …
Becoming financially fit requires maintaining foundational elements, including a budget, emergency fund, strong credit score, and retirement savings. There’s a subjective uncertainty associated with financial wellness. Are you financially fit? And if so, how fit are you? While there is no clearly defined threshold for answering affirmatively, much less grading your level of fitness, there are baseline elements associated with …
