When saving for retirement you’ll want to think about more than how much you’re investing; you’ll also want to consider where your money is going. Different asset classes, including stocks, bonds, and cash equivalents, come from different levels of risks, potential rewards, and vulnerability to certain economic factors. Subsequently, investors should hold a mix of …
Should I take a lump sum? That’s a question I hear often from those fortunate few with pensions. The answer is not always cut and dry. There are several factors to weigh if you’ve been offered a lump sum on your pension. To illustrate: Joe is retiring from a Fortune 100 company that offers a …
If you’re among those who will get a bonus as this challenging year comes to an end, congratulations! While doing a great job can be its own reward, getting a financial windfall in recognition of that work feels great too! It can be tempting to spend that cash on post-holiday gifts or a winter getaway …
The holidays don’t have to be a time to upset the budget you’ve stuck to, maybe not by choice, all year. It’s possible and relatively pain free to emerge from the holiday season without a pile of new debt, even if you haven’t been planning for it all year long. Here are six ways to …
Americans’ have a penchant for charitable giving. Unprecedented developments in 2020 including the global pandemic, the ensuing economic crisis, and efforts to advance racial justice created intense, widespread need and significantly increased the demand upon nonprofit organizations. Remarkably, generous giving coupled with stock market turnaround in the final months of the year boosted contributions. As …
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 …
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