With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast approaching peak savings as you lay the groundwork for retirement. During this final leg to retirement – and throughout your retirement period – wealth protection is critical.
Americans aged 45 to 54, who have credit card balances, carry an average debt of $9,096 per individual.1
The wise use of credit is a critical skill in today’s world. Used unwisely, however, credit can rapidly turn from a useful tool to a crippling burden. There are a number of warning signs that you may be approaching credit problems:
The majority of stock market analysis can be lumped into three broad groups: fundamental, technical, and sentimental. Here’s a closer look at each.
Fundamental Analysis. The goal of fundamental analysis is to determine whether a company’s future value is accurately reflected in its current stock price.
Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach?
One of the greatest legacies any parent can give a child is a framework for living an enduring, healthy lifestyle.
It is hard to underestimate the power that parents have on their children’s development, which is why parenting is such a profound responsibility.
It’s great to have insurance against damage and loss, but if you can’t show proof of your possessions, it may result in a protracted settlement process with your insurance company.1
For investors who are looking to diversify their portfolio with exposure to companies located outside the U.S., there exist two basic choices: a global mutual fund or an international mutual fund.
By definition, international funds invest in non-U.S. markets, while global funds may invest in U.S. stocks alongside non-U.S. stocks.
Term insurance is the simplest form of life insurance. It provides temporary life insurance protection on a limited budget1. Here’s how it works: When policyholders buy term insurance, they buy coverage for a specific period and pay a specific price for that coverage. If the policyholder dies during that time, their beneficiaries receive the benefit from the policy.
Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current, individual insurance coverage to determine if any changes are in order as well as consider new insurance coverage appropriate to their new life stage.
Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible.