Many people are familiar with Murphy’s Law: “Anything that can go wrong will go wrong.” This adage can also hold true for finances. According to the 2012 National Financial Capability Study by FINRA, almost 40% of Americans could not come up with $2,000 if an unexpected need arose! What was also shocking is that 60% […]
I literally have my smart phone with me 24/7. Even though they have only been in existence in its current form for about 5 years, I can’t imagine life without it! Regardless of whether this is good or not, it certainly has made life easier in many cases. Once a week or so, I go […]
Many of us have an investment portfolio or work retirement plan. Investing is an important component for retirement planning and financial independence. We saw however in the 2008 financial crisis that sometimes investing can produce losses, not gains! The three main traditional asset classes to invest in have been stocks, bonds and cash. Recently, another asset […]
Planning for a baby with your partner? Check out this calculator below to see if you’re in a good financial place to start.
Many of us may have been in a situation where a family member or friend has asked to borrow money. In 2011, 7 percent of homebuyers borrowed from a relative or friend to help purchase a house, and 14 percent of business owners also borrowed from family and friends to help cover costs. Lending money […]
Do you find that old magazines pile up and eventually get thrown away? There’s a good chance you have a friend or neighbor who is doing the exact same thing. Sharing a magazine subscription with someone will not only save you money, but will also cut down on the amount of trees used!
Over the past few decades the debt of U.S. consumers has increased to more than $2.5 trillion, according to the March 2012 Federal Reserve Statistical Release. This is just consumer debt. If you include mortgages, home equity lines of credit and other real estate debt, that number increases to $13.5 trillion! Debt in general should […]
Chances are if you are looking at planning for retirement, you have come across annuities as a potential investment product for retirement income. The proper annuity may enhance your investment portfolio, but it is important to make sure it is suitable for you. What is an annuity? An annuity is a contract between you and […]
No matter how much you are worth, it is important to have an estate plan in place to protect yourself, your loved ones and your assets. An effective estate plan is one of the best things you can do for your family to ensure you pass on as much as possible, on your own terms, […]