Taking the time to express your wishes in advance could help ensure that your health-care and financial affairs are handled as you wish.
Financial Planning
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 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.
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.
The family drama surrounding an aging media mogul — and his unresolved succession plans — are at the center of a hit television show.
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 […]
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 […]
On Friday, March 27, 2020, new legislation was signed into law that aims to provide relief to Americans and businesses negatively impacted by COVID-19 crisis. This legislation, known as The Coronavirus Aid, Relief and Economic Security (CARES) Act, is a $2 trillion relief package that includes direct monetary payments to Americans as well as various […]
When is the best time to start an investment program? The answer is always yesterday, or last year or…you get the picture. The key is getting started, because saving and investing can become a habit, just like any other behavior. Only this habit will lead to better financial health, significantly so over the long term. […]
Will the SECURE ACT make you more financially secure? Buried in the massive continuing resolution funding the federal government, was The Secure Act, a bill designed to encourage people to save for retirement. There were good points to the bill: People over age 70 ½, who are still working, may continue to contribute to an […]