Financial Planning

4 Financial Tips for College Graduates to Ensure a Strong Financial Future

4 Financial Tips for College Graduates

If you’re among the many recent college graduates, you’re likely thinking about your future. You may even have a pretty impressive list of things you plan to do, like buying a car, taking a fabulous trip abroad or buying your first house. Your list may include dozens of adventures and treats, as reward for excelling …

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Comprehensive Financial Planning Defined

Comprehensive Financial Planning

Comprehensive financial planning involves the detailed review and analysis of all facets of your financial situation. This includes areas such as cash flow analysis, retirement planning, risk management, investment management, tax management and estate planning. It is only through comprehensive analysis that your true financial condition can be determined and the proper plan can be recommended.

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Reverse Mortgages – Benefits and Risks

Reverse Mortgages - Benefits and Risks

Reverse mortgages are a relatively new product to the financial industry. The concept of a reverse mortgage can be very beneficial especially for seniors who have run out of assets to draw from to maintain their standard of living. In simple terms, a reverse mortgage allows a borrower to cash out a certain amount of money from the equity in their home to use as they wish.

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3 Benefits of Downsizing Your Home

Benefits of Downsizing Your Home

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. Pair those with other lifestyle benefits like freedom and flexibility to do the things you always have wanted to do, and the argument for downsizing becomes more prominent.

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Avoiding Financial Pitfalls in a Divorce

Avoiding the Financial Pitfalls of Divorce

When you ask people what are the largest financial transactions they will make in their lives, the most common answers are a home, college tuition or saving for retirement. For about half the population, these answers are correct. But for the other half, couples who are contemplating divorce, the largest financial transaction, without question, is their divorce. If you happen to be one of these people, be aware that there are many financial pitfalls in divorce that if you avoid, can result in both you and your soon to be ex getting a better financial settlement.

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Can Money Skills Be Taught?

Do you think you can teach children money skills or are they just part of a person’s personality? Personality does play a role in this skill, but children can be taught. Look at the children of depression era parents – it is hard to find any who were not skilled if not frugal.

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