Investment risk is defined as the chance that an outcome or investment’s actual gains will differ from an expected outcome or return. Risk includes the possibility of losing some or all of an original investment. Why Investment Risk is Important to Understand An important aspect of investing is understanding the types of investment risk and […]
Determining how you will create a legacy for your family starts with creating an estate plan. This type of financial plan is key to protecting your assets for the future. Estate plans are not limited to those that are extremely wealthy. In fact, everyone can and should implement an estate strategy into their financial plan […]
In 2018, FINRA released a new rule regarding trusted contacts. This blog will go over what a trusted contact is and why you should have one in order to protect you from being exploited financially as well as from fraud. If you want to know more regarding trusted contacts and how they can benefit you, […]
When it comes to investing, there are several things you need to be aware of before diving in. While investing your money is one of the best ways to increase your wealth, knowing what you are doing is the only way to be successful in investing. Keep reading to learn five things to know before […]
For those approaching their retirement years, you are probably wondering whether or not right now is the appropriate time to start withdrawing Social Security benefits due to all that has happened as a result of COVID-19. While we know that this is an available option, we want you to know that there are other options […]
Naming beneficiaries in your will and on your life insurance policy is an incredibly important decision, not only to ensure that the money and assets go where you want them to but also to ensure that the people you care about will be taken care of in the event of your death. While this might […]
With the multitude of streaming platforms and places to watch shows and movies, is cable really necessary these days? As more and more people continue to cut the cord and get rid of standard cable, it may be time to jump on the bandwagon! Keep reading to learn why. The cost of traditional pay-tv services […]
When is the right time to claim Social Security benefits? There is no clear-cut answer. The truth is, the answer can be different for everyone. Not everyone has the same needs for Social Security. While one family may rely heavily on their Social Security benefits, another may only need them for supplemental income during retirement. […]
Have you ever thought about ditching the states and spending your retirement years abroad? If you haven’t, you may want to consider it—especially if you’re worried about having enough savings accumulated for the length of your retirement. You may even be able to retire sooner if you choose to relocate to a foreign destination. Why […]
With the arrival of the New Year it’s time to start thinking about tax filing. The federal government estimates that about 60% of taxpayers use paid preparers to calculate and file their returns. It is never too early to start organizing your receipts, forms and other tax documents. You and your tax preparer will benefit […]