Cash is a critical part of an overall financial strategy. A risk with cash is that is can build up, providing unneeded easy access and a low-interest rate. To combat the risk, try to match cash to scheduled liabilities and maximize the return. Cash investment strategies can include money market accounts, ladders of certificates of deposit (CDs) or short/intermediate bond mutual funds.
“The ability to focus without distraction is becoming increasingly rare due primarily to distracting technology. At the same time, this ability to focus is becoming increasingly valuable as the knowledge economy becomes more cognitively demanding.”
Tariffs and trade concerns weighed on financial markets in June. U.S. dollar strength was a headwind for foreign asset prices. Emerging markets sank and many commodities slid. U.S. stocks fared relatively well. Bonds mostly held their ground.
Knowing if your portfolio of assets is working toward your financial goals takes some time, skill and effort. Let's look at how to build and monitor an asset portfolio.
The acronym stands for Financially Independent / Retire Early. Several FIRE concepts were mapped out by a Baby Boomer in the early 1990’s. The philosophy behind today’s FIRE movement is very Millennial. The lessons are universal.
As we age cognitive skills decline in varying degree. This dynamic process specifically impacts well-being and how society assimulates and protects seniors. Skills affected can include motor skill, the ability to learn new information, reaction time and memory. Reviewing the ways in which cognitive aging could affect individuals provides useful insight for policymakers, financial planners, career counselors and the individuals themselves.
Social Security’s surplus is turning to a deficit. We discuss what’s happening with the trust funds that back up the system and suggest steps you can take to boost your income in retirement.
A retirement survey (Aegon Retirement Readiness Survey 2018) published this week demonstrated that many people are not prepared to accept a bigger role with the financial side of retirement and are worried about the consequences of deteriorating health as they age retirement. We knew financial literacy was a problem and appreciate concerns about the emotional and physical effects of aging.
When it comes to your money, how well your investments do is often out of your direct control. But who you choose to manage your money and form a partnership with is. If you are considering working with an advisor or making a change, you’ll want to interview candidates carefully and ask the following ten questions.
When we act as a steward we actively direct affairs and take responsibility. As a steward of the land, a forester develops and executes tree management plans to ensure a healthy ecosystem. In financial situations, a steward cares for assets and works to ensure the future. Stewardship responsibility is often taken on as a moral duty. Acting as a financial steward will help you, your family and future generations work for better outcomes. Here are five characteristics a financial steward should embrace: