With so many financial obligations in life, it’s easy to put your own needs on the back burner. But saving for your retirement is one of the best things you can do to achieve lasting financial well-being. It won’t seem like a struggle once you get into the savings habit and stick with it.
Although investing is an important way to build wealth over time, a recent survey1 reveals that 55% of Americans don’t. One reason? While many younger adults said they have the money, they don’t have enough knowledge to invest with confidence.
When the stock market has a downturn, many investors go into panic mode, selling off parts of their portfolio to avoid temporary drops, and then missing potential gains when it bounces back.
For example, last December the S&P 500 dropped by a whopping 9%, one of the worst Decembers for investing performance since the Great Depression. A dramatic downturn to be sure, but the upside to the story was the day after Christmas it enjoyed its best performance since 2009. Still, the downturn seemed to have more of a negative impact on many investors than the subsequent rebound did.
Are you a worrier when it comes to investing? Or perhaps you’re the “set it and forget it” type who doesn’t fret much about your investments? Whatever your investing style is, it’s important to invest regularly and keep a long-term perspective, including paying yourself first … automatically. Here are some tips to save for your future.
Investing headlines have many Americans wondering what’s ahead for the stock market. Last year there were periods of extreme volatility and many investors experienced declines in their annual returns.
By Janet Mendez
Janet Mendez is Assistant Manager of Trust & Investment Services at SchoolsFirst FCU. She has more than a decade of experience in the financial services industry. She joined the SchoolsFirst team in 2009. Her previous positions were Senior Retirement Advisor and Financial Advisor. Janet believes it’s important to guide Members through every step of their financial planning goals.
There are many reasons people don’t get professional financial advice — they may worry about the cost, or feel like they don’t have enough money to warrant formal planning.
Whatever your reasons may be, 2019 may be a great time to schedule a one-on-one with a SchoolsFirst FCU financial advisor. This guidance is a benefit of your Membership to help you make good financial decisions and plan for a secure future. Here are some things you should know to help you get started. Continue reading
Although the Federal Reserve increased rates last year, 2019 appears to be a waiting game because the economy is healthy and there is less concern over inflation.
Sometimes following the stock market is akin to watching the thrill rides at an amusement park. While many people can stomach the ride, others can’t bear to watch. Knowing what type of investor you are and understanding how to manage your investment mix will help you stay the course
Uncle Sam gives you a pass on paying taxes while you are building your retirement nest egg, but you’ve got to follow the rules.
Having an investing strategy as part of an overall financial plan is an important way to save for the future and build wealth over time. However, making the right decisions can be challenging. That’s why people lean on professional financial advice to help them develop an action plan based on their financial goals and tolerance for risk.
While some people prefer meeting with an advisor, others want a do-it-yourself solution. That’s where robo-advisors come in. Continue reading
