Some people just aren’t financially savvy. Instead of calling an expert for investment advice, they try to figure it out on their own. This is never a good idea. See below for the most common investment mistakes to avoid. Learn from others’ failures and don’t fall into these traps!
Let’s say someone recently passed away and left you a significant amount of money. Would you know how to manage the inheritance? Whether your answer is yes or no, you need to read more.
Target-date funds work well in certain situations. But under different circumstances, there may be better alternatives. Learn when target-date funds are a good idea.
A common question in the financial planning world is: which is better for beneficiaries an inheritance or a trust? The best answer is that it depends on the situation. Read on to learn more. Then you can decide what will work best for you.
Financially successful people have one standout quality in common: their financial success is a state of mind. Not ‘starts with’ a state of mind, then depends upon luck. It is a state of mind that is rather easy to establish, takes a bit of training and soon grows into a natural way of life.
If you follow financial industry information, you may have read that it’s best to reduce risk in your portfolio as you near retirement. That’s a very valid concern. And the advice is generally true. But there is another way to reduce risk and still achieve your long-term goals.
An annuity is a financial product used to save tax-deferred for retirement or to generate regular income payments once in retirement. There is a lot of confusion around annuities as a retirement investment. Learn what a tax-deferred annuity is and whether it is right for you.
Deciding where to direct your money is a tricky thing when you have both debt and an investment portfolio. On the one hand, you know it’s smart to pay down high-interest debts. But you also know you also need to save for retirement. Should you do both? Can you do both? Which move is the smartest use of your money?