Your credit score is a number that lenders use to gauge how likely you are to repay debts on time. It is derived from information compiled in a credit report, including your payment history (whether you have missed or been late with any payments for bills or loans), the amount you owe creditors... Read More
Many preretirees have unrealistic ideas about how much they will be able to withdraw for living expenses after entering retirement.
As retirees shift their focus from accumulating assets to creating an ongoing stream of income, many are not prepared to start planning from a new vantage... Read More
A 529 College Savings Plan may be an attractive vehicle for those looking to save for a child's education.1 If you have already committed college-earmarked assets to another type of financial vehicle, such as a Coverdell Education Savings Account or a custodial account for a minor... Read More
When it comes to preparing for retirement, the old rules about money have been thrown out. Baby Boomers and adults of all ages need a new framework to guide and motivate their preparation for long-term financial independence.
In the past, the goal of traditional retirement planning has... Read More
Individuals in mid-life and beyond are increasingly viewing retirement not as a time to relax, but as a time to explore their potential. It was Abraham Maslow, a psychologist, who gave us the term, "self actualization." He called it man's desire for fulfillment, "to become everything that one is... Read More
There are plenty of days when we want to “take that job and shove it.” But what happens when we’re sick of a job we’ve created for ourselves in a business we’ve founded?
The idea is to make a plan that allows you to get out before you tire of your company or... Read More
The strongest foundation for your financial plan is a growing awareness of the nature, influence, and importance of your values. Therefore, it is important to engage in thoughtful reflection in order to identify and clarify what is truly most important to you.
he next step is to allow... Read More
As Americans live longer, the task of managing money after retirement gets more complex. A retiree in his or her mid-60s typically has a different risk profile than an individual approaching 90. It may be helpful to look at various types of risk from the vantage point of how they affect retirees... Read More
In What Investors Really Want, Dr. Meir Statman uses a middle-ground approach to help “normal” individuals understand the thoughts, needs, and emotions that drive the financial decisions they make. He describes his unique perspective in this way:
“Standard... Read More
Although donations are on the rise, charitable giving is still 5 percent below pre-recession figures. With ongoing concern about a slow economic recovery and extreme market turbulence, donors (and potential donors) are justifiably concerned that their charitable contributions be used... Read More