Look at investment and wealth management advice, and you'll see information about stocks, mutual funds, 401(k)s, and more. But you might not see much about annuities, and it's not uncommon to see commentary about how annuities aren't what people should use to invest money. In some cases, the criticism has a basis; for example, you may hear people tout annuities as an alternative to the volatile and unpredictable stock market. Creating an annuity solely out of fright isn't the best way to invest, obviously.
3 December 2021
When you begin your adult life, your primary goal may be to build a financial nest egg that you are able to rely on during emergencies and on which you can retire later. You want to manage your money carefully and know when, where, and how to invest it so that it can grow into a substantial sum. However, if you have no experience investing and saving your own money, then you may need help achieving your financial goals.
5 October 2021
Do you want to change career paths midway through your life? More and more Americans are changing their trajectories to better align with their financial goals and personal interests or passions. But along with this job change, you should consider how you may want to change your financial plan. What sort of changes might your new path warrant? Here are five of the most important tips to consider when changing your financial plans.
24 August 2021
Retirement planning is a process that you will have to consider at some point in your life. Unfortunately, most people do not think seriously about it, especially during the early years of their employment. However, those who put a plan in place in good time can retire earlier and live a financially secure and comfortable life after retirement. The first step you should take when you want to secure your finances for the golden years is picking a reliable financial advisor.
17 June 2021
When you own a business, tracking spending can help you to become more profitable. While accounting teams are essential, many business owners don't know what to look for. Here are three things you should have your accountants watch and how the numbers could impact your company down the road. 1. Capital Expenditures Capital expenditures include any funds spent on improvements to your business. Whether you need to renovate the lobby or you have recently updated all of your computer hardware, it's important to make sure that your spending is in line with your budgets.
22 March 2021
Have you received a windfall of sudden wealth? Whether it came from an inheritance, the lottery, or selling your life-changing invention, a sudden influx of cash is both exciting and challenging. Because many people in your position eventually lose that wealth to mismanagement, you want to steer clear of serious mistakes. How can you do that? One answer is to manage your wealth like a business. Here are three ways to do just that and why they work.
15 January 2021