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When You Can’t Speak for Yourself
Taking the time to express your wishes in advance could help ensure that your health-care and financial affairs are handled as you wish.
Prepare Your Finances for the Next Emergency
If there’s one financial lesson many people will take away from the pandemic, it’s the importance of a well-stocked emergency fund. In fact, a mid-2020 survey found that respondents’ top financial regret was not having enough emergency savings to withstand the crisis — and this was true for every income group.1
Saving for Retirement – The 4% Rule
Saving for retirement is not easy, but using your retirement savings wisely can be just as challenging. How much of your savings can you withdraw each year? Withdraw too much and you run the risk of running out of money. Withdraw too little and you may miss out on a more comfortable retirement lifestyle.
Five Investment Tasks to Tackle by Year-End
It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether adjustments are needed to keep it on track. Now is a good time to take on these five year-end investment tasks.
What Key Estate Planning Tools Should I Know About?
By taking steps in advance, you have a greater say in how these questions are answered. And isn’t that how it should be? Wills and trusts are two of the most popular estate planning tools. Both allow you to spell out how you would like your property to be distributed, but they also go far beyond […]
Self Inflicted Investment Wounds
A recent study concluded that individual investors under performed the markets by an average of 4.92% per year over the last 30 years through Dec 2019, 9.96% to 5.04%, which is a massive difference. For example: 10,000 invested at a steady, compounded 5.04% over thirty years would be $43716.10 10,000 invested at a steady, compounded […]
Retirement – Will You Be Ready?
Will you be ready for Retirement? We recently saw a chart that stated that 25% of households, aged 55-64 had no retirement savings, another 24% had saving of $50,000.00 dollars or less., and only 18% had retirement savings of $500,000.00 or more. This is a disturbing finding. And yes, Social Security will be helpful, but […]
College Disrupted: Students Face High Costs and Pandemic Impact
Even in normal times, it can be challenging for families to cover college expenses without borrowing money and/or risking their own retirement security. For the 2019–2020 academic year, the cost of in-state tuition, fees, room, and board at a four-year public college averaged $21,950, and the total for a private college approached $50,000.1
Planning For The Unexpected
The recent health crisis caught many people and organizations unprepared for a number of issues. It is always best to be prepared ahead of time but learning from a lack of preparation can be equally important. One important aspect of preparation is having a reserve account or emergency fund to see you through the rough […]
Recent Posts
When You Can’t Speak for Yourself
February 23, 2021- Prepare Your Finances for the Next Emergency
February 2, 2021 - Saving for Retirement – The 4% Rule
January 12, 2021
