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Articles tagged with: personal finance

Should You Rely on Stocks or Bonds for Your Retirement Account?

Should You Rely on Stocks or Bonds for Your Retirement Account?

If you’ve been thinking about retirement planning, you’ve undoubtedly considered how much investment risk is appropriate for your financial goals – and your comfort level.

Every investment has risks.  The usual pattern is that when the stock market goes up, the bond market goes down (usually due to the Federal Reserve Bank increasing interest rates), but market cycles can be very strange indeed.  In 2018, both the stock and bond markets lost money.  This is precisely why everyone needs a solid education in investment planning, whether working alone or with an advisor, in order to determine risk tolerance and, on that basis, the right asset allocation to maximize after-tax risk-adjusted return.

Many investors fear volatility in the market because they worry a market downturn would erase their hard-earned savings, but there is no need to fear volatility.  Yes, it represents risk in the short-term, but it also creates opportunities for investors with a long-term horizon to get into the market at attractive price levels. 

Let’s take a look at a few sample investments and what they have returned over time:

Receiving Social Security Benefits Abroad

Did you know that you can still collect Social Security benefits if you are living abroad?

Receiving Social Security Benefits Abroad

Did you know that you can still collect Social Security benefits if you are living abroad? It’s true, outside of a few specific countries: Cuba, Ukraine, North Korea, or Vietnam or if the country has differing Social Security policies in place (like Lithuania and Monaco). To check if the country would pay you your Social Security visit:

https://www.ssa.gov/international/payments_outsideUS.html

Saving Goals at Every Age

No matter what your age, it is never too late or too early to start saving for retirement.

Saving Goals at Every Age

Each age comes with different life obstacles and expenses that can often derail a good savings plan. So, in this article, we will walk you through how best to save at different points in your life. It may feel like your nest egg is growing too slowly, but time and perseverance can get you where you want to be.

Establishing Financial Habits that will Endure

Establishing Financial Habits that will Endure

“All we have to decide is what to do with the time that is given to us.” As I navigate life, this quote from the movie, The Fellowship of the Ring, consistently comes to mind. At a crucial point in the movie, it shows one of the main characters encouraging one of their companions to not be discouraged amidst feelings that they had made poor decisions in the past. Rather, be encouraged that they can still be intentional with the meaningful time they have left. Now in my late 20’s, fully transitioned into my full-time working years, I can’t help but ask myself what healthy financial habits can I develop now that will carry into my 30’s and for the rest of my life. When I look back 30 years from now, are there steps now that I will wish I had taken in this season? In being proactive with the time I do have what will cause me to be thankful when I look back? When I think about the different areas that my financial decision-making encompasses, the topics that come to mind are cash-flow management, employee benefit maximization, and household risk mitigation.

Automating Finances – Finding What Works Best For You

Automating Finances – Finding What Works Best For You

Have you ever wondered how to merge savings into your budget? What if there was a way to save efficiently without putting you in a panic about having enough money on hand to pay monthly expenses or for discretionary spending? Think about your spending habits for a second. Most of the time, we don’t even think twice about swiping a card or dishing out cash for smaller purchases and monthly expenses. If you live in an apartment, you pay rent. You might also have a car payment, utilities, or a mortgage. But what if you could also see savings as one of your monthly expenses? You’d probably thank yourself 10 years down the road.

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