Conventional financial wisdom is often quoted and yet unfortunately it is rarely followed. This is a missed opportunity because some of the basic rules can provide a strong financial foundation. A foundation that can make a difference on reaching your goals.
It is important to start thinking about several pre-retirement steps to take because the steps you take 10 years before retirement are critical for a successful retirement. Time could be running out if you are under 10 years from your planned retirement date so it is important to consider all of these steps.
There are several financial products that may seem boring but are very likely the financial tools you will have most of your life. These accounts provide many different advantages for every stage of your life and financial needs. Waiting to open some of these services can increase the cost or lower the benefit you will receive from having these products.
Many couples are deciding to take the final step in their relationship this summer and exchange wedding vows. They should also include the exchange of financial vows to be followed. Talking about money early in the relationship is extremely important.
The summer should be a time that our budget isn’t stressed and there should be few financial concerns. Unfortunately, the summer months have many potential financial mistakes just lurking in the background waiting for you to succumb to their pull. These can be increased spending, poor financial habits or just plain financial carelessness. Try to avoid these common summer budget mistakes.
Summer is the time to relax, enjoy outdoor activities and have great family vacations. It is also a time that fraudsters like to target unsuspecting victims. There are a few summer scams to avoid and awareness is one of the best ways to avoid being a victim.
Even though summer doesn’t officially start for a couple of more weeks, most kids are out of school, the weather is warmer and most of us are in full summer mode. Summer, unfortunately, is a time that many can make blunders that can turn their financial situation upside down.
Developing your estate plan doesn’t have to be complicated and even though there can be several parts of your plan, a basic plan will start with five key elements. It is important to have an estate plan and to regularly review and update your plan as your personal situation changes. Your estate plan is really the only way for you to be certain that your wishes are followed if something unfortunate happens to you.