What are your favorite financial rules of thumb? Spend less than you make? Save 10% of your earnings? This article focuses on two financial rules of thumb about allocation for you to consider as you rebalance your investment accounts– the more popular “Own Your Age in Bonds” (OYIAB) method and the lesser-known 15/50 Rule. Both methods have their merits, namely that they’re simple and good places to start.
What are your plans for 2022? It's estimated that COVID-19 impacted 95% of businesses, and 80% of business owners saw an impact on their personal finances. These impacts have been diverse, and the financial challenges continue. This article uses two surveys to provide a backdrop for the economic rollercoaster ride business owners face and four key planning areas to consider in preparing for the new year.
Are you thinking about investing for the first time? Maybe you’re tempted to rebalance your 401(k) or Thrift Savings Plan but uncertain with outcomes of the debt ceiling or tax legislation debates. Recognizing that life tends to dish out surprises, it pays to have a plan. Here are five steps to building solid financial groundwork before you begin investing.
People seem to have more time and disposable funds on their hands. As a result, a new breed of retail investors has emerged, further fueled by the COVID-19 pandemic and the growth of digital trading platforms including Robinhood. There’s increased attention to the growing role of retail investors with rising trading volume, speculative trading and market functioning. Thus, we find it timely to review risk management tips for novice and experienced investors alike.
Historically, young adults in their 20s and 30s were at the best age for buying their first homes. Nowadays, people ranging in age from 25 to 40 are facing first-time home-buying challenges. At today’s high prices, is it a wise decision to buy? What planning opportunities should first-time home buyers consider?
As a client, how do you know that your financial advisor has your best interests in mind? Getting the best financial advice is challenging and firms and advisors attempt to differentiate themselves as fiduciaries. This article is about what a fiduciary financial advisor is, the difference between fiduciary and suitability standards and what you should focus on as a client while planning your financial future.
It’s important to have fun, travel and leisure for balance. This article is about the importance of building travel and leisure activities into your planning and supplies interesting trends in personal and business travel.
Gray divorce is a term used for people ages 50 and older going through separation and divorce. However, divorce at any age can present financial issues and challenges but can be especially disadvantaged when their financial future becomes less secure. Though the challenges associated with divorce are never something anyone wants to plan for, read more to see what you should consider and how you can prepare yourself beforehand.
July is a good time for a financial checkup as it marks the halfway point of the year. Are you on track? It is helpful to have an optimistic view for the future. However, it is also prudent to be balanced. Life isn't meant to be easy and she has a way of surprising us. Here are four areas to check in on to make sure you stay on track.
President Biden recently unveiled the American Families and American Jobs Plan proposing that the government spend nearly $2 trillion on infrastructure and another $1.8 trillion on social programs which would be funded y tax hikes on the wealthy. Read more for a summary of some of the major tax proposals, their impact on you and the planning considerations you should review.