Although you may find it difficult to think about purchasing life insurance when you’re young and healthy, you should consider it for two reasons: first, this will likely be the time when a policy is most affordable; and second, this will likely also be the time when your absence can have the greatest financial impact on your family. If you have dependents or provide your family’s sole financial support, a life insurance policy can give you the peace of mind that comes from knowing your loved ones will be taken care of if you’re unable to do so.
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Investing
Financial Advice From Your Future, Wiser Self
Have you ever wondered how your future self might react to the financial decisions you make now? The older, more experienced you might extend a fist bump to your younger self for participating in your employer’s retirement plan. But you may get a thumbs down for racking up debt over the holidays.
Your Teen’s Not Too Young For a Roth IRA
It’s an exciting time: Your young adult’s 18th birthday is just around the corner and they’re probably questioning what to do next, after this important milestone occurs.
Your Money: Navigating Rising Interest Rates
Interest rates have remained at historic lows for years, making it a great time to borrow money. However, in an effort to slow inflation, the Federal Reserve has raised rates three times so far this year. Here’s what you need to know.
Protect Your Retirement Savings from Inflation
If you’re worried about the effects of inflation on your retirement, here are six tips to help you stick to your plan.
Don’t Derail Your Investing Plan
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.
Robo vs. Human Advisors: Why Personalized Help Matters
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
Stay On Track With Your Investing Plan
One of the hardest events for investors to stomach are market corrections. A correction is a dramatic drop of 10% or more of a stock, bond, or market index such as the S&P 500.
Corrections aren’t unusual, although many investors act as if they are, each and every time they occur. In fact, since World War II, there have been 27 market corrections to the S&P 500 Index1. Continue reading
10 Money Moves to Make in Your 40s
When you reach your 40s, most likely your responsibilities have increased significantly. With that in mind, it’s more important than ever to figure out how to allocate your hard-earned dollars. To manage day-to-day expenses and accomplish your longer-term financial goals, you’ll need a plan you can live with and adjust it to your changing needs.