Almost every person will make poor financial decisions during their lifetime. The key to success though is avoiding the money mistakes that are difficult to overcome. Andy Mattingly from FORUM Credit Union is here to highlight the poor decisions that can lead to financial disaster.
Whether you are 5 years from retirement or 25 years from retirement, understanding a few key assumptions regarding retirement planning can be helpful. Finding the truths about retirement advice and how it might apply to your situation is an important step in having the retirement that you desire.
Although your retirement living will be based on various factors, it's important to specifically consider the impact of social security.
Most of us have signed up for health insurance and 401k from our employer but we might be missing some of the other money saving perks offered. And sometimes employees don’t take full advantage of the benefits they are using. Taking full advantage of employer offered perks can have many short term and long term benefits for your financial situation.
The stock market has been a bit tumultuous during the last few days and this type of market can often lead many investors to make mistakes that could have drastic consequences on their financial future. The keys to surviving a stormy market are relatively easy to do. Surprisingly, a lot of the effort should be done prior to any market downturn.
Getting financial advice is often overlooked for important life events and sometimes you really need advice from other professionals too. Many times we don’t realize that certain events have many other consequences that are beyond our base of knowledge. Knowing when to seek advice is really an important skill to develop.
If you don’t already know the basics, it’s time to get familiar with life insurance!
Achieving financial security doesn’t happen overnight, but it can happen with a detailed plan and some discipline to boot. Get started with these four easy-to-follow steps.