Let’s face it—saving for retirement is often easier said than done. Life events, market volatility, and an uncertain economic climate are all factors that may cause you to get off track. Nonetheless, you can still choose to take control of your retirement today. It all boils down to having a plan—and sticking to it.
When it comes to saving for retirement, your life can be divided into five stages, each with its own challenges. As you move through each stage, you should consider how much time is left until you retire, how much you can afford to invest toward retirement, and how much risk you are willing to take with your investments. Through proper planning and saving, retirement can be something you look
It’s that time of year when many people set goals with the hope of changing their lives in the months to come. Some may set their sights on losing a significant amount of weight or training for a marathon, while others may want to spend more time with family or other loved ones. Whatever your plans, consider adding a few of the financial changes described below to your resolution list, too, to
There are several certainties in life—death, taxes, and, yes, market volatility. Fluctuations in your 401(k) or retirement savings account can stir up feelings of stress, panic, and anxiety, particularly when your hard-earned retirement dollars are at stake. But overreaction to these fluctuations is one of the biggest risks that retirement investors face. So in turbulent financial times,
Like most people, you probably have a vivid, exciting picture of what your ideal retirement will look like. Maybe it’s spending time with family at a beach house, crossing off the book titles that have accumulated on your to-read list, or finally being able to volunteer enough of your time to make a difference for your favorite charity. But there’s no doubt that the journey to retirement is long
Yes, you have the power to transform your life and be free from the burden of finances. I’ve seen it firsthand so many times in working with clients from all walks of life. What would it feel like to experience the joy of not having to worry? What would it be like to have cash in the bank, investments that are earning you money, and confidence that you are on-track to reach your goals? The
If you are considering taking a loan from your retirement plan to bridge a financial gap, pause for a minute. This is a major decision that should not be made lightly, as there are consequences that could affect your ability to fund your future retirement. Here are six things you need to be aware of before you borrow from your 401(k) savings.
No one needs stress in their life. But money is often the number one stressor that leads to depression and anxiety. In my 15 years as a financial advisor, it never ceases to amaze me how my daily conversations with clients can be so emotional because money is the primary tool that allows us to function in life. Virtually no life decision can be made without giving at least some thought to
If you haven’t been able to pay off your credit cards, don’t lose hope. The reasons why people can’t seem to live a debt-free life often point back to psychology. Think about it – you have every company in the world vying for every penny you make and their advertising budgets are massive. The cards are definitely stacked against you – but don’t give up! These simple tips can help you pay off