Even if you have won the lottery or received a significant inheritance, it pays to understand the basics of creating, growing and managing your wealth. You must become financially literate.The reason is simple. If you are financially literate you will make informed judgments and effective decisions about managing your money. Knowledge is requisite for doing…
5 Ways to Optimize Your Investment Experience
Want to mitigate the impact of higher tax rates? Want to better position your portfolio for a higher after-tax return? Want to optimize your investment experience? Here are a few tips: 1. Analyze each investment based on its expected after-tax return To optimize your investment experience, you must look closely at all your investments. A…
Qualified Tuition Plans (529 Plans)
Why are Qualified Tuition Plans Important? The cost of a college education continues to skyrocket. Between 2001 and 2011, prices for undergraduate tuition, room, and board at public institutions rose 42 percent, and prices at private not-for-profit institutions rose 31 percent, after adjusting for inflation. However, the economic benefits of a college degree are significant….
Picking the Right Financial Advisor: Questions to Ask
It takes a lifetime of planning and investing to prepare for retirement. Even in the best of times, it’s confusing to navigate the many investment choices available. Creating the right mix of assets and knowing when to buy and sell can be challenging. Throw in a little economic uncertainty and some emotion, and the process…
8 Keys to Successful Investing for Baby Boomers
Feel like you’re wading into unknown territory when it comes to investing? Lots of Boomers feel that way, which is why so many avoid investing altogether. You’re a step ahead simply because you’re learning how to make successful investing work for you. To help you succeed, we’ve put together eight keys to successful investing, concepts…
How to Hire an Investment Manager Who’s Right for You
Investment advisors are, simply put, professionals who recommend investments and conduct investment analysis. Unlike a financial planner, investment advisors specifically focus on how best to invest your savings and investments. Financial planners create plans and strategies based around life events like like retirement, college, or taxes. Investment advisors often take a plan into consideration before…