Well, 2021 is rapidly coming to an end – for many not a minute too soon. But before you start your holiday celebrations, you might want to find time for money management tasks you may have overlooked. That’s important, because year-end is a great time to give your finances a careful once-over, maximize your tax …
How important is your credit score? If you want to borrow money, it can mean the difference between an affordable option and no option at all. If you buy a house or a car, or your child or grandchild is applying for a credit card for the first time, chances are a lender will request …
Risk tolerance is one of the most important factors in your retirement plan. Some people are naturally wired to take risks, while others are wired to avoid risk. In terms of investing, risk tolerance relates to your ability to withstand losses. For example, if you’re investing for growth in the stock market, how much market …
Risk Tolerance: An Important Ingredient In A Successful Retirement Plan Read More »
What is a “safe withdrawal rate”? A Google search will return a million results – and that’s no surprise. People debate practically everything in personal finance, but the debate around this question is particularly heated. For over two decades, conventional wisdom has been that it’s safe for retirees to base portfolio withdrawals on the 4% …
The SECURE Act made big changes to many different retirement rules and guidelines when it was passed back in 2019. Well, get ready for more changes, courtesy of the SECURE Act 2.0. The bill was approved by the House Ways and Means Committee this spring and is expected to be signed into law by next …
So much for “The October Effect”. The idea that stock market crashes are common in October was not only rejected by Wall Street last month, but it was also completely reversed. After falling by about 5% in September, the market rebounded strongly in October, with all three major indexes hitting new peak highs. What fueled …
November 2021 – Resolve to Review Your Strategy Before New Year’s Read More »
Index Month / Year to Date Dow Jones 4.44% / 13.72% S&P 500 5.79% / 17.24% NASDAQ 6.42% / 13.59% SDEI -0.62% / 26.31% SDEF 1.45% / 7.17% AGG -0.31% / -1.37% 10-Yr Treasury yield was 1.50% at the end of September and 1.55% at the end of October Markets After falling by about 5% …
Today’s challenges for retirees and those nearing retirement are well documented. Traditional fixed income, which has served investors well for decades, now delivers little in terms of yield or capital gain potential. In the mid-1970s through the late 1990s when interest rates were extraordinarily high, U.S. 10-Year Treasury Bills paid between 7% and 8% annual …
If you’ve recently experienced a financial setback, here are six steps you can take to get back on track. Don’t Beat Yourself Up After experiencing a setback, it can be natural to feel like you did something wrong. However, putting added pressure on yourself will not help. Instead, make a mental note of what might …
Managing Financial Setbacks – 6 Steps To Help You Get Back On Track Read More »
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