The stock market has been very tumultuous during the last several weeks and there could be a few more weeks of this type of market activity as different events will impact the market. The current environment makes it very important to remember a few key principles for investing.
During the first quarter of the year is when most people receive raises, bonuses or tax refunds. Leading many people to question of what they should do with this windfall of money. How you use this money has a dramatic impact on your financial future.
Whether you are 25 or 75, there are many opportunities to make mistakes regarding your retirement from planning to living in retirement. Avoiding as many of these financial blunders as possible is the best way to achieve your retirement dreams.
Making financial resolutions each year is an exercise almost all of us do. Unfortunately, we often make vague and hard to measure resolutions. Without specific goals, follow thru is very difficult and without actionable goals, resolutions tend to never move past the proclamation stage.
Living a successful retirement requires more than just building a large nest egg. It is important that in retirement you also continue to practice smart financial money habits or start using them if you didn’t prior to retirement. Living a money smart lifestyle is extremely critical during your retirement years because it can make your money last longer.
We all know it is important to build our savings and the positive impact that developing a savings habit can have on your overall financial success. With the US household savings rate still hovering around 8% according to the US Commerce Department, it is clear that not everyone is saving as much as they should be saving.
Even though there are several important financial events in your life, your retirement is the single most important financial step in your life. Preparing for this event shouldn’t start a few years before it happens.
Lets face it, managing money can be adventure especially in today’s ever changing financial environment. Whether you have a portfolio of investments or it is just managing your 401k, there are mistakes to avoid if you want to have long-term success.