The Serious Impact of Investment Fees
If you’re not smartly managing your investment fees, you could be sabotaging your nest egg. As an investor, empower yourself with information and do your research on any investment fees before funneling more money into any assets or funds. After all, it’s your hard earned money that you worked for — don’t you want to keep most of it?
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Rethinking Your Wants and Needs
It’s time to take a good hard look at your spending and re-evaluate your wants and needs. Reflect on your values in life and what you’re currently getting out of your expenses. Are they worth the money you’re paying, or would you be better off putting that money to use elsewhere?
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5 Investment Mistakes Couples Make
Have you talked with your spouse about your investment strategy, or what the purpose is for your investments? Investing can be tricky enough alone, but it’s extremely important to include your other half in investment decisions so that you’re on the same page about how your money is being put to work. Be aware of these 5 common investment mistakes couples make — so you can avoid them.
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Fiduciaries: What They Are and Why They Matter
That’s why it’s important your financial advisor acts as your fiduciary. A professional who takes a fiduciary oath swears to act in your best interests at all times. Having a financial advisor act as your fiduciary ensures that your needs are put first.
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The Importance of Wills and Estate Planning
Do you ever worry about what will happen to your possessions if you pass away? What about your kids? It’s an unsettling thought and as much as we might not want to think about it, it’s a valid concern as no one will live forever. It’s never too early to start thinking about the importance […]
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Are Your New Years Resolutions SMART?
During this season, it’s only natural to start thinking of all the things you want to work on and accomplish when the calendar rolls over next week to a new year. While most New Years resolutions are set with the best of intentions, most of them are broken — or completely forgotten — by February. If you want to make 2015 different, you need to make sure your goals are SMART.
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The Real Road to Wealth
What are you doing to become wealthy? Are you truly happy in life right now? If you can answer a resounding yes, you’re the minority. Most individuals aren’t on the road to wealth because they take the easy way out in the majority of their financial decisions. That may be harsh, but it’s true. Here’s what it takes to get on the right path to financial success.
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5 Steps to Maximize and Manage Your Retirement Savings
Generally, maximizing your investments for the future can be boiled down to simply understanding what your choices are and making decisions according to your goals and circumstances. Unfortunately, many people hesitate to dig deep into their options when it comes to retirement plans, and as a result, their earnings suffer. Let’s help you avoid that and make sure your plan is on the right track with these 5 steps to better maximizing and managing your retirement savings.
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The Difference Between Good Debt and Bad Debt
Debt is often shunned by most financial professionals, and for good reason. Many people go into debt for the wrong reasons, and end up spending more money in interest than they would have if they had just paid in cash. However, that doesn’t mean that all debt is bad for your financial situation. Debt can be leveraged to build wealth when used correctly. Used poorly, and it can set you back quite a bit. There’s a difference between good debt and bad debt — and it’s important to understand what that difference is.
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What Should You Do With Unexpected Income?
What would you do with unexpected income received from an inheritance or insurance policy — or even a big year-end bonus at work? While it’s not wise to rely on windfalls as part of your financial plan, you need to think ahead and understand what steps to take should this ever happen. Without a plan, it’s easier to use this extra, unexpected money irresponsibly or wastefully.
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