Spring is in the air — or, at the very least, it’s on the calendar this week. And if you’re like many people, you may be looking forward to doing some spring cleaning around your house and yard. But this year, why not go beyond your physical environment and do some “sprucing up” of your financial situation?
When you add a child to your family,
either through birth or adoption, it’s
obviously an exciting and joyful time
in your life — and it’s also a busy one,
as you deal with all the challenges and
commitments faced by all parents.
Will you have enough money to retire on time and live in the same lifestyle you are currently accustomed to?
The investment world can be complex — so you may not want to navigate it alone. But when it comes to getting professional advice, you certainly have an abundance of choices. How can you know which approach is right for you?
In the past, many people stayed at one job, or at least one company, for almost their entire working lives. When they retired, they could typically count on a pension, the value of which was based on their years of service and earnings. But today, workers can expect to hold several different jobs in their lifetime, and to a great extent, pensions have been replaced by 401(k) plans, which place much of the funding responsibility on employees. So, assuming you will change jobs at some point, and you do have a 401(k), what should you do with it?
Isn’t a dollar in your pocket better than a dollar in your service providers’ pocket? Each month when you pay your bills, don’t you ask yourself “will I have any money left once I pay all these bills”? It’s possible that you are over-paying and don’t even know it.
Like everyone else, you hope to remain physically and financially independent your entire life. And you may well achieve this goal. Nonetheless, the future is not ours to see, so you’ll want to prepare yourself for as many contingencies as possible — one of which is the high cost of long-term care.
It’s important to understand which investments to own, and when to buy them. But you should also know when it’s time to sell an investment — and why.
The average home today can contain more hazardous products than what can be found in a typical chemistry lab. Many cleaning and personal care products contain ingredients that can cause breathing difficulty, dizziness, birth defects, allergic reactions and more.
These days, you can purchase just about anything you want on the Internet. However, you can still benefit from a human, face-to-face experience for some purchases — such as your investments. And that’s why you may want to work with a financial professional.