Comprehensive financial planning involves the detailed review and analysis of all facets of your financial situation. It is only through comprehensive analysis that your true financial condition can be determined and the proper plan can be recommended.
Investors are always looking for ways to diversify their portfolio. To do this, they often look to various types of funds that can provide this diversification without having to buy individual securities. Mutual funds or exchange traded funds (ETFs) are two of your options.
Asset allocation is an investment strategy that attempts to balance risk versus reward. It aims to do this by adjusting the percentage of each asset in the investment portfolio according to the investor’s risk tolerance, goals and time frame.
If you’d like to increase the likelihood of following through and achieving your carefully analyzed and planned financial goals, then you should create a written financial plan!
A 401(k) retirement plan is an employer-sponsored retirement savings program that enables employees to save for retirement by making pre-tax contributions. A 401(k) is the dominant retirement plan scheme that most people in the U.S. will use to provide a decent income once they retire.
Downsizing your living arrangements has become a popular topic in the financial community and rightly so. There are many financial benefits to downsizing your home such as reduced expenses and increased cash flow.
Before jumping into our discussion, it’s important to note that the social security program is complicated. It’s not as straight forward and easy to understand as some people may believe. There are things you need to think about before signing up for the benefits.
More and more workers are leaving their full-time jobs and becoming part of the gig economy. Whether you are starting a consulting business working from home, a handyman service for seniors or creating an internet business, you are part of the gig economy.
Fixed annuities will provide a guaranteed pay-out at a rate of return over a period of time. The rate of return usually mimics current interest rates. What could ever be bad about that? Let’s find out whether a fixed annuity is right for your retirement portfolio.
Should you encourage a young person with aspirations of becoming a financial advisor to pursue their dream? Some people may be hesitant to choose a financial advisor career due to the various challenges facing you as a startup and the availability of online financial tools and automatic investment options available today. Think of financial advisors …
As a business owner, if you think that one day you may want to sell your business, one of the things you need to consider is how do you maximize business value so your business will be attractive to a buyer. One may think that maximizing the value of a business sounds like a simple proposition but that is not necessarily true.
A financial advisor helps people plan, invest, protect and manage their hard-earned money so they can reach their financial goals. One of the challenges in finding and choosing a financial advisor is finding one that will put your interests first.