Archives for April 2016

Ten Common Investor Mistakes That Could Tank Your Portfolio – Part One

The world of investing can seem incredibly complex, but it doesn’t have to be if you if you stick with a steady game plan and avoid common investor mistakes that are so often fueled by emotion rather than logic. In this article and a subsequent one, we cover ten mistakes that so many undisciplined investors […]

The Truth Behind Five Life Insurance Myths

Life insurance is one of the most common types of insurance that people buy. According to the Insurance Information Institute, 62% of Americans had at least some life insurance coverage in 2013. (That’s a big drop from the 78% of Americans who had life insurance in 2004!) Yet life insurance is also one of the […]

Do You Know Your Net Worth…And Does It Matter?

How to Compute Your Net Worth You may have heard someone at a party brag about their “net worth” (usually after a few drinks). At its most basic level, a person’s net worth is simply the amount of their assets (the things they own) minus their liabilities (how much they owe). The fair value of […]

Did You Know That You Can Use Whole Life Insurance for Risk Management?

For many Americans, the idea of “life insurance” only brings to mind a simple term life insurance policy. Term life insurance is the most popular form of life insurance, but it is far from the only option on the market. In fact, insurance companies offer a wide array of life insurance products in order to […]

It’s Time for a Retirement Progress Checkup

If you are actively saving for your retirement, then good job! You’re actually further along than a good proportion of your compatriots. (According to a report released by the Federal Reserve, one in five people in the U.S. nearing retirement age have saved nothing at all.) But before you break your arm patting yourself on […]

When Life Changes…Change Your Life Insurance!

Life insurance is that great safety net that will help take care of the ones you love after you pass away. How much life insurance you need to have will depend in large part on who is dependent on your income and what type of legacy you want to leave after you pass away. Though […]

Should You Invest Your Retirement Savings in Indexed Mutual Funds?

When you invest in an actively managed mutual fund, you are investing in expertise. In exchange for an industry average yearly fee of 1.24% of the money you invest, you get a fund manager and a group of analysts who spend their days trying to pick the investments that will earn you the most money […]

Is Retirement As We Know It Over?

Is retirement truly dead? Perhaps not, but it seems increasingly out of reach for the middle and lower classes. Once upon a time, an entire generation was able to count on the retirement golden trifecta: pensions, social security, and savings to see them through the twilight years of their lives. These days, with pensions on […]

First Steps – Planning for Retirement In Your 20s

Part One in Our Retirement for a Lifetime Series You are fresh out of college with a degree clutched in your hand. Get ready world, you are going to do big things…eventually. First, you have to find a job, figure out a living situation, somehow replace the muffler on your car AND come up with enough […]

What Do You Want Your Retirement to Look Like?

We all know the process. Estimate how much money you will need in retirement (which can range anywhere from 70% to over 100% of your pre-retirement income), determine your available income sources (like pensions and Social Security payments), and then calculate how much you will need to save annually so that you can retire on […]

What You Should Be Doing to Plan for Retirement – Your 30s

Part Two in Our Retirement for a Lifetime Series Welcome to your 30s! There are a few more candles on your birthday cake now, but each one of those candles represents knowledge, experience, and wisdom gained. At this point in your life you probably aren’t scrimping to get by like you were in your 20s […]

What You Should Be Doing to Plan for Retirement – Your 40s

Part Three in Our Retirement for a Lifetime Series Welcome to your 40s. At this point in your life, your earning power should be growing as you use your experience and expertise to reach the top of your field and embrace more senior and leadership positions. Of course, with more money comes more opportunities to […]

What You Should Be Doing to Plan for Retirement – Your 50s

Part Four in Our Retirement For a Lifetime Series What’s that over there on the horizon? It’s your retirement, coming close. Yes, it’s still some years off, but you can see it now in the distance. How do you feel? Excited? Uncertain? Full of dread? By now, you should have several decades of retirement savings […]

What You Should Be Doing to Plan for Retirement – Your 60s and Beyond

Part Five in Our Retirement For a Lifetime Series When you blow out your candles on your 60th birthday, you will be tantalizingly close to the traditional retirement age – 65. Of course, traditions change, and many Americans are reaching this important milestone with big financial worries. According to the Federal Reserve, the median retirement […]

DIY Investing or Hire an Investment Pro?

Many women assume that they must have a hefty bank account before a professional investment advisor will even look in their direction. Others worry about big fees and commissions cutting into the investment portfolio the advisor was hired to grow. So, is it financially smarter to hire an investment manager or read up on investing […]

I’ll Show You Mine, If You Show Me Your…Credit Report

Why You Must Have the Money Conversation Before Marriage If you are in a serious relationship, you probably know your partner’s favorite color, his dream car, and at least a few embarrassing stories from his childhood. But do you know his credit score? If not, then you don’t really know your partner at all, and […]

Four Tips to Slay the Monster Cost of College

A college education is almost a requirement these days in order to break into most well-paying jobs (unless your child is itching to start the next great tech company). However, the cost is steep! According to Collegedata.com, the average cost for a public, in-state college was $23,410 for the 2014-2015 year and $46,272 for a […]