Inflation is one of those economic terms most of us know just enough about to be afraid of. We know it erodes our money over time, and that it arrives in the form of higher prices for everyday goods and services. Inflation fears can also lead to negative reactions in the stock market, such as the selloff…
5 key to-do items if you want to retire within 10 years
If you hope to retire within the next decade, now is a good time to map out a strategy. Having a well-thought-out plan will minimize the stress that comes with such a big transition -- and maximize your financial security.
"It takes at least three years to run through all of...
Is the 60/40 portfolio dead?
It’s a classic dilemma in investing and life: Stick with something tried-and-true — or try something new that could be even better?
That’s what some financial advisors and investors are wrestling with, regarding the standard portfolio known as “60/40”. For years it was a go-to for investment assets: 60% equities, 40% fixed income…
How to build a financial plan without a professional financial planner
Years ago, I dropped my business card into one of those fishbowls near the front door of a restaurant. You’ve seen them too – put your card in a fishbowl to win a free dinner for you and eight of your friends!
I just graduated college, was working for the first time, and I had a box of a thousand business cards…
Are robo-advisors worth it? Ask yourself these 5 questions first
Robo-advisors can be a great solution for many investors. They bring investing management at a reasonable cost, letting you focus on doing more of the things you love instead. A robo-advisor sets up an investing plan and manages it, and all you need to do is add money to the account…
This myth debunked: You don’t have to be wealthy to hire a financial advisor
There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth.
The objective of financial planning is to get people to their desired life goals. It doesn’t matter when you start or how much money you have, experts…
What is a financial consultant?
The financial services industry employs a mix of professionals who use titles interchangeably, such as financial consultants and financial advisors, to guide people on how to invest their money for retirement. These titles can be confusing to investors when they are hiring someone to manage their assets.