The greatest challenge with retirement is that the road to get there is long. With a goal so far on the horizon and the multitude of obstacles life throws at you along the way, it’s easy to become distracted and stray from your retirement plan. Regardless of where you stand right now, it’s wise to review the mistakes others made before you – allowing you to avoid them yourself.
While there are many avenues to invest money in the markets today, the two most popular are either doing it yourself or with the help of a financial advisor. To bridge the gap, fintech and investment companies are creating a new way to invest through sophisticated programs called robo-advisors.
Not everyone is a financial guru when it comes to investing or managing long-term retirement plans. Even if you have the knowledge and insight, keeping up with the latest rules and economic trends can become exhausting and time-consuming, ultimately causing you to miss out on opportunities.
Creating a will, estate planning, and maintaining a life insurance policy are all wise financial moves. However, there is a very simple way to ensure your funds pass directly to your loved ones. It’s called a beneficiary.
When working with a financial advisor for your retirement planning, they may suggest that you open a Health Savings Account (HSA). But what exactly is a health savings account, and how can it benefit you – both in retirement and for health-related expenses?
Downsizing. It’s something you may eventually decide to do. Perhaps your children have left the nest and are raising families of their own, and you no longer need the space. You may even decide you’d like to live closer to your grandchildren, so you can watch them grow.
With the rise of online trading companies, it has become increasingly evident that investing and financial well-being weigh heavily on the minds of many Americans. These companies offer the promise of super-easy investing and outstanding returns.
If you’ve been watching the news in recent months, it’s hard to miss the “Gamestop Rebellion,” in which some ordinary people made waves and enjoyed massive gains by investing in Gamestop stocks. While it is possible to enjoy gains like this when all the stars align perfectly, it is equally likely to experience significant losses.
Retirement is an aspiration we all hope to reach – sooner rather than later! However, if you’re just starting your career journey, retirement can seem like a lifetime away. For others, it’s right around the corner, and you may be wondering if you’re genuinely prepared, financially speaking.
Saving money seems difficult. After all, when you work hard to make it, it's tempting to spend it on things and activities that are fun and enjoyable. As great as it would be to build that pool, wear that outfit, or head off on that vacation, it's more important to ensure your financial future. That means not living paycheck to paycheck.
