Retirement planning can be a confusing subject. With so many differing opinions and investment opportunities, people often second-guess their savings strategies. However, one instrument that remains commonplace is an IRA or Individual Retirement Account. Even if you have an employer-sponsored 401(k), incorporating a traditional or Roth IRA into your retirement plan is beneficial.
Stepping into the world of investing for the first time can be a bit like setting sail on unfamiliar waters. With numerous choices and conflicting advice, it’s natural to feel a tad overwhelmed, unsure of where to begin. But worry not! If adding investing to your financial plans is on the horizon, think of us as your friendly guides.
Rising loan rates and inflation have taken a financial toll on households nationwide. Fortunately, it’s not all bad news. You may have noticed that savings rates have also been climbing steadily in recent months. This scenario creates the perfect opportunity to earn greater returns through certificates.
Savers are rejoicing as rates continue their upward trend. However, many are reluctant to lock in their funds because they fear they will miss out on better rates down the road. So, how can you maximize your returns now without sacrificing higher rates in the future? It’s a unique strategy called certificate laddering.
No one wants to picture a world without them; however, planning for this scenario is one of the most generous tasks you can undertake for those you love. It provides peace of mind, direction, and comfort, knowing your intentions will echo through the years - offering guidance when others need it most.
It’s a bittersweet feeling when your children spread their wings and leave the nest. As they venture into the world to pursue their dreams, it’s time for you to take stock of your financial situation and make some strategic moves. With retirement likely right around the corner, the upcoming years are crucial to ensure you enjoy your golden years.
Everyone holds their own perspective when it comes to handling finances. While friends and family may offer well-intentioned guidance, not everything you hear is necessarily accurate or beneficial. Much of it can be misleading or misguided - causing you to overlook opportunities or make poor financial decisions.
The freedoms and advantages that come with being your own boss are undeniable. Nonetheless, self-employment has trade-offs, such as the lack of an employer-sponsored retirement plan. The good news is that there’s a tax-advantaged retirement account that caters to the needs of self-employed individuals and small business owners – it’s called a SEP IRA.
Grandparents are famous for spoiling their grandchildren. And it’s so easy when they’re young. But what about larger gifts, such as contributing to their college fund or helping them buy their first car? While financial gifts can give your grandchild a head start in life, there are things to consider.
Retirement is a goal everyone strives to achieve, and the sooner, the better. After working hard and setting aside money for years, you deserve to enjoy your golden years. But what if the opportunity to step away from the workforce comes sooner than you expected? While most dream of early retirement, are there drawbacks?
