Resources

How Delayed Gratification Improves Investment Performance

We live in a different world than we did just a decade or so ago. Instead of taking a few hours out of your day to go grocery shopping, you can now have them delivered in the same amount of time. With just a few clicks, you can book your entire vacation online. When...

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The 4% Rule of Retirement Could Become 4.5%

Retirement planning, a vital aspect of securing one's financial future, is a multifaceted endeavor that requires careful consideration and adaptability. One cornerstone of retirement planning is the "4% rule," a guideline that has long served as a compass for retirees...

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How Often Should You Rebalance Your 401(k)?

When investing in a 401(k), one of the most important decisions you can make is how often to rebalance your portfolio. Many people invest in their company-sponsored 401(k)s but only sometimes take the time to review the investments within the account. Rebalancing...

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Putting The 2022 Stock Market Decline In Perspective

Last year's stock market performance was not what anyone would have wanted, but it was to be expected. For those keeping score, it was the largest yearly decline since 2008. That could be catastrophic for someone who initially invested in January 2022 with just a...

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What is Roth 401(k) Matching, And How Does it Work?

Many employers offer retirement plans to help employees prepare for the future. One of these options is a Roth 401(k) plan, which allows employees to contribute after-tax dollars toward their retirement savings. According to recent 2021 data, 95% of employers offered...

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Pros and Cons of The 4% Rule in Retirement

Retirement planning can be a complex and challenging process. You have to consider several variables, such as income, living expenses, investment returns, and inflation. Retirement can last for 20 to 30 years, sometimes more. Ensuring your retirement savings last as...

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What to Do If You Made Excess Roth IRA contributions

Retirement planning involves setting financial goals and creating a strategy to achieve them in order to ensure a secure and comfortable future. There are a number of retirement saving vehicles that you can choose from, such as a 401k retirement account, mutual funds,...

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4 Retirement Rules to Follow at 55

Retirement planning can entail different things at different junctures of life. When you are young, it may involve investing in stocks, mutual funds, 401ks, and individual retirement accounts (IRA). Over time, this can change to include real estate and alternative...

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How Living Longer Will Impact Your Retirement

The life expectancy in America was 68.14 years in 1950. In 2022, it increased to 79.05 years. While the thought of living longer is positive, it also raises some concerns. The longer you live, the more money you need. Hence, your retirement years may be stretched....

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The Magic Of Compound Interest In Investing

When you invest your money in the market, you do so with the intention of earning interest. The interest is an addition to your principal capital and adds to your financial net worth. There are different types of interests you can make in the market. One of these is...

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How to Set Realistic Investing Goals

Setting goals, evaluating each one of them, and drafting a suitable strategy to achieve them are some of the primary things you can do to achieve financial success. How and where you invest your money depends mainly on your goals, so being clear is very important....

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Tips for Managing Cash Flow in Retirement

There are two phases of retirement planning. The first involves the preparation for retirement. This includes setting a budget for savings, investing the money you save, allocating your money to different assets in tandem with your risk appetite, and using different...

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How To Conduct a Financial Checkup

Life can move at a fast pace, and change is the only constant. Changes in your age, health, income, savings, and more, can affect your priorities and impact the way you grow and manage your finances. This is why it helps to revisit your financial plans every now and...

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4 Tips For a Successful Investment Journey

Investment is the road to wealth, financial security, abundance, comfort, and a lot more. However, it is crucial to understand the concept of investing in order for it to work in your favor. Successful investing may not come to you instantly. It can require years of...

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Cash Flow vs. Goal-Based Financial Planning

Sound financial planning is indispensable for a secure future. However, most people think of financial planning as a burden and often delay creating a structured financial road map for the future. Some others take up financial planning only as a task that they have to...

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Pros and Cons Of A Roth IRA Conversion

If you have been planning for your retirement, you may have come across several types of savings and investment accounts. The two most popularly used include the 401(k) and the Individual Retirement Account (IRA). For decades, retirees have relied on these to save for...

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4 Financial Planning Tips For Your Family

Life is full of milestones – graduating from high school, passing out from college, getting a job, finding your partner, having children, retiring and growing old, and everything that happens in between. All of these stages can bring significant changes to your life....

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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 they rose....

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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 do you expect to live...

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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. Several decades ago, a...

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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 a financial plan....

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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 modern life....

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Seven Investing Principles for Investment Success

The world of investing is complicated, especially for new investors. Undoubtedly, investing can cause a genuine fear of loss among new investors. Moreover, even seasoned investors can be fearful of the investment world in some cases; specifically, the fear of...

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Can You Open A Roth Ira After You Turn 60?

Retirement is a time in life that a lot of people look forward to. Life is a lot more relaxed after retirement as the stress and deadlines of work are no longer there. You can use this time to pursue hobbies, travel the world, catch up with friends and family, and...

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Forbes – The Compounding Returns Of Stocks

In his most recent annual letter to shareholders, Warren Buffett proclaimed that “bonds are not the place to be these days.” Buffett has never been a fan of bonds as an investment, but he specifically cited the potential for rising interest rates as a reason to avoid...

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Paladin – Can You Retire On 1 Million Dollars?

A $1 million nest fund was considered the gold standard of retirement planning success for a long time. It was thought to be sufficient to enjoy a dream retirement and leave a lasting legacy. However, the image of the $1 million nest egg has begun to erode as the...

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8 Retirement Savings Tips For 55-64 Year Olds

The years before your retirement can be rather crucial. Regardless of when you decide to settle into retirement, the time left to retire significantly narrows down when you reach 55. Considering the fact that most people retire by 65, you have only 10 years to save...

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8 Retirement Savings Tips for 55-64 Year-Olds

The years before your retirement can be rather crucial. Regardless of when you decide to settle into retirement, the time left to retire significantly narrows down when you reach 55. Considering the fact that most people retire by 65, you have only 10 years to save...

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5 Mistakes to Avoid While Rebalancing Your Portfolio

The success of your investments depends on how you keep track of and manage your investment portfolio. Maintaining equilibrium between risk and reward, diversifying your investments optimally, timing the market, knowing when to enter and exit, etc., are some ways that you can use to ensure that your portfolio fares well over time and delivers the returns that you expect from it. Creating a high-yielding portfolio can take time, effort, proper knowledge, awareness, and a lot of foresight.

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Why Should You Hire a Retirement Advisor?

Retirement can last much longer than you anticipate. Life expectancy rates have been rising over the years, owing to improvements in medicine and safety. While this suggests that you will live longer, it also indicates that you will require a larger retirement corpus...

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Forbes – Why Trying To Time The Market Doesn’t Pay

Investors who follow financial pundits know that pundits are generally wrong more often than right when trying to forecast the stock market's direction. So are investors who base their buy and sell decisions on the changing political or policy winds. But what if...

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What’s So Special About a Roth IRA?

Even though Roth Individual Retirement Accounts (IRAs) have been around since 1998, many investors aren’t aware of all the differences between traditional and Roth IRAs. Thus, they aren’t sure which IRA is the better alternative for them. As a summary, the unique...

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Understanding Your Investment Risk Profile

Benjamin Graham, one of the greatest investors of yesteryears, famously said, “Successful investing is about managing risks, not avoiding it.” Risk, to put it simply, is the possibility of something bad happening. In finance, risks are an inherent part of the...

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How Investors Are Costing Themselves Money

Peter Lynch, who formerly managed the high-flying Fidelity Magellan Fund from 1977 to 1990, is a legendary investor. Under his management, the fund averaged an astounding annual return of 29%. It would seem all you had to do was ride along with Lynch and you would...

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Paladin – 20 Tips to Spend Less and Save Money

While the act of putting away some money every once in a while in order to save for the long run sounds simple, we find that it is harder to practice in reality. Research shows that one in five Americans barely save money, and those who do manage to save aren’t...

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10 Strategies For Preserving Your Wealth

2008 brought to the world the worst financial disaster since the great depression of 1929. People lost their jobs, investments tanked, the value of real estate dropped, and financial anxiety was at its peak. The aftermath of the financial crisis of 2008 was equally...

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Paladin – 10 Ways to Build Wealth

Generating wealth is an important milestone in everyone’s life. However, not everyone is able to achieve this goal following the same path. You could either be fortunate to be born into a wealthy family, or you may have to build wealth on your own by following a...

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Paladin – What is an IRA?

An IRA (Individual Retirement Account) is a tax-advantaged account set up by investors that allows them to save money for retirement. An IRA allows tax-free growth of funds and also permits tax-free withdrawals (subject to some conditions.) IRAs are held by...

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Paladin – Should I Roll my 401(k) into an IRA?

A 401(k) account is a professional advisory managed account and is the starting point for retirement planning. A 401(k) account is activated when you gain full-time employment and opt for it, and a portion of your paycheck is then directly invested in it. Your...

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