With so many credit cards available, it’s not surprising that careful thought is required to decide which one to select. Here are some factors to consider when choosing the card that suits you best. Many millennials have a cautious attitude towards credit, perhaps due to large student loans. Nonetheless, the right credit card, responsibly managed, …
Only about 23% of American workers say they are “very confident” they will have enough money to live comfortably throughout retirement.1 To help reduce such uncertainty in your life, consider these five common investment pitfalls — and how you might avoid them. Mistake #1: Waiting to Maximize Your Contributions The sooner you start contributing the …
5 Common Investment Mistakes When Planning for Retirement Read More »
There are many types of risks associated with investing. Understanding each type and the effect it may have on your portfolio returns is crucial to your long-term investing success. Because all investments entail risk, you may want to review your mix of stocks, bonds, and cash investments with an eye toward creating a risk/return profile …
Does Your Portfolio Reflect Your Risk Tolerance? Read More »
Keeping an eye on your financial health during a divorce is essential. This article outlines some important topics to consider on how divorce may affect your finances. Even the most amicable divorce can have a significant impact on your finances. Knowing the laws that govern the division of assets during a divorce is an important …
The Social Security Administration has stopped mailing out most yearly statements, but you can estimate your retirement benefit online. The Social Security Administration (SSA) now has an online option (called my Social Security) for receiving annual benefit statements — however, if you do not wish to open an account, you may still estimate your Social …
While credit cards can be convenient and often come with useful features, it’s important to minimize debt when retirement is near. These days, having a credit card is practically a necessity, even when you are retired. It’s hard to do things like buy airline tickets, rent a car, or place an order online without one. …
Your retirement plan may offer you several options for managing your retirement plan assets when you change jobs or retire. Understanding these choices will help you narrow down your choices. Your Options Following are the options that may be available to you. Note that these selections apply to your contributions, the vested portion of your …
Leaving the Company? Know Your Retirement Plan Options Read More »
Finding the right first home starts with a price range and a short list of desirable neighborhoods. But you may need to consider many other factors before investing in what may be your biggest asset. For many people, buying their first home represents the biggest financial commitment they’ll ever make. Before making such a big …
If you are opening an individual retirement account (IRA) for the first time or need a refresher course on the specifics of IRA ownership, here are some facts for your consideration. IRAs in America IRAs continue to play an increasingly prominent role in the retirement saving strategies of Americans. According to the Investment Company Institute …
Let’s say that at the age of 25, you earned $35,000. If your salary increased at the average historical rate, you’d have earned nearly $2 million in total by the time you were 65.1,2 That might sound like a lot — until you begin thinking about all the financial goals you’ll need to juggle in …
