Given the complexity of today’s economy and retirement system, more Americans than ever are looking to hire financial advisors for guidance on their most pressing financial issues. The hard part for many people is figuring out how to find an advisor to engage.
Most pre-retirees who reach out to our firm have questions regarding collecting Social Security. Questions range from the terminology, to when is the best age to collect benefits, to complex filing strategies that take advantage of loopholes in Social Security. But before we can get into the fun stuff, we must cover the basics of collecting.
Inheriting money can bring mixed emotions. On the one hand, you most likely lost a loved one. On the other hand, your new financial windfall could help you accomplish your goals. Here are six steps to managing your inheritance so you can make it work toward your long-term dreams.
You’re excited, you’re nervous, you aren’t sure if you can afford it, but you have to buy one. All your friends have homes; your parents own a home. Purchasing one is seen as the “American Dream,” a status symbol that shows you have made it, welcome to being an adult.
So you are ready to take the plunge and make the largest purchase of your adult life—your first home.
I started investing at the young age of 15. It took me over 10 years to truly learn how to invest. During those 10 years, I tried every investing “get rich quick” strategy there was: day trading, options, IPOs, futures, tech stocks, Jim Cramer tips, buy and hold. If there was an investment book written about the strategy, I probably tried it—and failed at it.
It’s been two weeks since the US Election and were guessing many people are nervous about what the next four years could look like under President Elect Donald Trump.
To be honest, I have no clue what the next four years have in store. That said, we can make some educated guesses based on previous Republican administrations and what President Elect Donald Trump has said during his campaign.
Below are some financial areas that could see changes in the next few years.
Next week Americans will head to the polls to decide who will be the next president of our great country.
This election has stoked a lot of emotions for people. Some despise Hilary; others find Trump repulsive. This article is not about who we think would be the best President of the United States or who we would vote for.
Instead, we are going to answer the question that we have been asked over and over in the weeks leading up to the election.
1. Lacking foresight to plan for your retirement is the simplest way to limit your savings. Not contributing each time that you have the opportunity to is essentially downgrading your quality of life after retirement. While savings and interest are both valuably intertwined, the bulk of your money is realistically going to come from your contributions. This mistake, stifling your savings potential, can be made in three ways: