Posts Tagged ‘financial planning’
A Guide to Giving and Lending Money
Has a friend or relative ever asked you for a sizeable loan or financial gift? Handling this situation can be tricky. You don’t want to damage your relationship, but you also need to do what’s right for yourself. With a careful approach, however, you can smoothly manage whatever request comes your way. Saying YesIf you’re comfortable…
Read MoreHave you heard these 5 money myths?
Has anyone ever made an unfair assumption about your money habits? Was that assumption based on how old you are? People often look for patterns and trends when it comes to spending and saving, but in reality, your financial approach probably isn’t based on age or decade alone. What do you think? Do these common…
Read MorePros and Cons of Delaying Benefits
You can start claiming your Social Security benefits when you turn 62, but you also have the option of delaying your payments. What are the potential benefits and drawbacks of waiting until your full retirement age, or delaying benefits until you’re 70 years old? Here are a few pros and cons to consider: Pro: You…
Read MoreProtect Your Hard-Earned Assets
True wealth is more than what you earn; what you retain and maintain also matters. Proper insurance coverage helps by protecting your assets from risks that can subtract value or cause costly harm. But do you have ample coverage? High net worth individuals often don’t. Many experience an insurance gap and require attention that’s above…
Read MoreRetirement Savings Mistakes to Avoid
A long-term savings strategy like planning for retirement relies on small steps taken over an extended period of time. Make sure you’re on track by avoiding these common mistakes. Underfunding Retirement Accounts Are you among the 71 percent of Americans who aren’t putting enough away for retirement? The most effective determining factors of a well-funded…
Read MoreLooking into long-term care insurance?
Like estate planning, long-term care insurance is a critical component of a financially secure future, but many people tend to put it off or actively avoid it. Planning ahead helps you avoid burdening your family and loved ones with the mental and financial costs of providing care. Read on for more about adding a long-term…
Read More3 Ways to Prepare Now for Taxes
It may seem early, but the start of a new year is an ideal time to get your ducks in a row when it comes to tax preparation. Use the following tips to get some work done now and avoid the panic of procrastination. Revisit Your Usual Routine The bulk of tax prep comes down…
Read MoreMaking the Most of a Financial Windfall
Whether it’s tied to performance, holiday profits or a tax refund, nothing beats the joy of receiving a bonus. But resist the temptation to blow it all on something that could be short-lived. Instead, consider the following, all of which can have a lasting impact. Pay down debt. If you’re carrying a credit card balance…
Read MoreCreate a Powerful Morning Routine
Looking for long-term success? Some of the most productive people throughout history — from Benjamin Franklin to Steve Jobs — put useful routines into practice the moment they woke. Just as a financial plan must be customized for each person, so should your morning routine. Personalize the details to suit your goals and lifestyle, and…
Read More3 Life Changes That Call for Review
Financial planning is an ongoing process meant to build and protect your wealth as you go through life. Along the way, certain milestones can have an impact on your financial goals. When these crop up, it’s important to consider making adjustments to your strategy sooner rather than later. While it’s by no means a conclusive…
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