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Sequence of Returns: Your Biggest Risk in Retirement

Dollar-cost averaging has always been a sound investment strategy. It consists of making systematic monthly contributions to a retirement account whereby a fixed dollar amount would purchase more shares when stock prices declined and fewer shares....

When Should You Start Taking Social Security Benefits?

As with many questions about personal finances, the answer is “it depends.” Initially, several factors should weigh on the decision. Your age Whether you plan on working in retirement Whether you need the income sooner rather than later How long....

What Is The 4 Percent Rule?

With most people relying almost exclusively on their own assets to generate lifetime income sufficiency, it’s up to each individual to determine the optimal rate at which they can safely spend down their assets so they don’t outlive them.....

Dividends: What Are They And How They Can Enhance Investment Returns

With interest rates still hovering around their historic lows, yield-seeking investors often turn to dividend-paying stocks. Aside from the income they can generate for investors, dividends can significantly enhance total investment returns. One way....

How To Make Roth IRA Contributions for Your Child In 2022

Parents want the best for their kids and are often worried about whether they can fulfill their needs, especially their financial security. A Pew Research Center report states that American parents particularly worry about the financial future of....

9 Steps You Can Take to Prepare for Retirement

Retirement planning is one of the most critical financial decisions an individual makes during his lifetime. Retirement plans are tax-advantaged instruments that enable you to save and build up a large corpus, ensuring that you do not run out of....

5 Financial Planning Tips for 5 Stages of Life

Financial planning refers to preparing for your future financial needs. This can include saving for your health expenses when you are old, covering higher education expenses for a child, accumulating enough funds to buy your dream home, or simply....

Higher Inflation, More Volatility: How Should Investors React?

After a four-decade hiatus, inflation is once again rearing its ugly head. Its impact has been felt at the checkout counters and gas pumps for months, and now it’s shaking up the markets. Year over year, U.S. wholesale prices were up 10% in....

Why Work With a Registered Investment Advisor?

Whether it is budget creation, retirement planning, tax optimization, debt minimization, estate planning, or another specific financial area, it is important to hire a financial advisor who truly understands you in terms of your goals, life stage,....

What Is the Difference Between a Wealth Manager and a Financial Advisor?

In today’s dynamic world, managing money is one of the most complicated tasks. Most people stress about money and often do not have the right financial plan. However, hiring a professional to manage money matters is a wise choice. These....

How Asset Management Can Increase Your Wealth

An investment portfolio is a combination of various asset classes. These can include stocks, bonds, real estate, cash, gold, collectibles, currencies, and more. The selection of each asset can be made on the basis of your risk appetite, investment....

What Is The First Step In Financial Planning?

Financial planning is essential for achieving one’s financial goals. It is a step-by-step approach wherein you create a financial plan to control your income, expenses, and investments to better manage your finances. However, not everyone has....

9 Tips to Help you Boost Your Retirement Savings

In an ideal scenario, an investor aims to have built a large retirement corpus that is earning interest (and the interest sum is earning further interest), ensuring they can retire comfortably, even early if they desire. This is the perfect....

What Makes Independent Financial Advisors Different?

Managing your finances can be a challenging process. However, a financial advisor can help make it less daunting. Your financial advisor can help you manage your money and achieve your financial goals, such as tax minimization, debt management,....

Key Components of a Good Financial Plan

A sound financial plan is important for a financially healthy present and secure future and critical for your mental health. Financial stability and mental health are closely intertwined. Financial worries are one of the prime reasons for stress in....