Preparing for Retirement – A Case Study
Our basic human reactionary instincts, which serve us well in almost aspects of our life, can actually be quite harmful when it comes to investing. Your success as an investor is largely dependent upon your ability to control your emotions.
When you have funds to invest, you must first understand why you are investing. What are your objectives? What are your priorities? The answers to these questions will lay the foundation for your long-term financial plan.
If you are covered by an employer sponsored 401k plan, are you taking advantage of all the benefits that the plan can provide? Here are some tips to make sure that you are.
While a 401k plan can be a wonderful employee benefit, plans can be loaded with fees. As a participant, it is critical to understand the costs of your plan and these costs effect you and impact retirement savings goals.
Before the year comes to a close, it is imperative to make sure your financial affairs are in order. Additionally, you still have time to take advantage of some financial planning opportunities that could potentially reduce your taxes.
Despite the changes that were made to income tax deductions through the Tax Cuts and Jobs Act of 2017, there are still several strategies that a donor can utilize to reap a tax benefit from charitable giving.
When working with a financial advisor, it is critical to understand how they are compensated – by fees or by commissions. How your advisor is paid can tell you a lot about whether their financial interests are aligned with yours.
Investment advisors go by many different names. What they call themselves is not important; what does matter is the services they provide. So what should you expect from your investment advisor?
Does the person you rely on for investment advice ALWAYS act in your best interest? Most people assume the answer is yes, but that assumption is not a valid one. Here is why working with a fiduciary is so important.