Below you'll find a list of all posts that have been categorized as “Financial Planning”
Early withdrawals from retirement accounts are not only costly, but they can also disrupt your financial future. Think about the long-term consequences before you tap your 401(k) for an emergency expense. Your 401(k) account is designed to help you build a nest egg for retirement, but you may tap it for other purposes. If you’re thinking about using it for …
Keeping an eye on your financial health during a divorce is essential. This article outlines some important topics to consider how divorce may affect your finances. Divorce can be a complicated and challenging process in which details are easily overlooked. Protecting your financial health during this time is crucial, and no one should enter this process without a trusted attorney …
Attempting to pinpoint market highs and lows may result in lower returns for investors. “Market timing” is the strategy of trying to predict when stock prices will rise and fall and attempting to buy low and sell high. While this seems to make sense in theory, it’s extremely difficult to pull off successfully. Trying to time the market may mean …
There are many types of risk associated with investing. Understanding each type and the effect it may have on your portfolio returns is crucial to your long-term investing success When it comes to investing, many people associate risk with losing money. But investing entails different types of risk. Understanding each type — and the potential return associated with your retirement …
Millennials inhabit a world in which there is rising inflation, debt, and healthcare costs. Now is the time for millennials to consider making investments that may put them in a position to succeed over the long term. Millennials make up more than a third of America’s population and are a driving force of the economy. Millennials have a lot at …
People in the Sandwich Generation are faced with taking care of themselves, their children, and their parents, especially when parents haven’t sufficiently planned for their own financial future. Here’s how to protect your household while ensuring your parents receive needed care. It might seem like a hopeless dilemma. How do you see to the care of three generations without shortchanging …
Whether you’re 23 or 35, it’s important to know whether you are saving enough for your retirement. There is no time like the present to ensure you are allocating enough funds to your retirement account. With folks routinely living into their 80s and 90s, it’s more important than ever to ensure your money lasts your lifetime. Millennials have the advantage …
You can’t overestimate the value of teaching your young children about managing money. The trick is to make the lessons fun and applicable to their daily lives. You want to be the one to instruct your kids about money because if you don’t, they will be vulnerable to all sorts of misinformation. Start them off right, and they’ll develop a …
Raising a family is rewarding and expensive. Consider taking these steps to support your family financially through a program of smart investing. Building a career and raising a family requires management skills. Juggling your time, priorities, and money now while planning for the future can be daunting. Saving now to send your kids to college, take care of your parents …
It can be difficult, but not impossible, to save for retirement while paying down your credit card bills and student loans. Even small steps now can make a big difference later. You might think it’s best to pay off debt first. But this will cut you off from the power of compound interest. If at all possible, you should try …
