Archive for May 2019
What Is Asset Allocation?
Asset allocation refers to how you invest your money. A lot of people know that when you are an investor, you should buy some neutral funds, some stocks, short term…
Read MoreThe Building Blocks of a Rock-Solid Retirement
People are living longer than ever before and this increase in longevity means it is important to build the strongest retirement plan possible. This week on Wise Money, Michael Andersen goes over the building blocks of a rock-solid retirement strategy.
Read MoreWhat Is Risk Tolerance? | How Much Risk Should I Take?
More people should take The Rule of 100: Subtract your age from 100 100 – 60 = 40 60% of assets should be safe and secure. 40% of assets should…
Read MoreShould I Update My Beneficiaries?
The beneficiary is someone you designate to receive your money when you pass away. Make sure your beneficiary designation is up to date and accurate.
Read MoreWhat Are The Benefits Of Having A Will?
A Will is a very important document to have. It is how you exercise control over your affairs after you pass away. It is not just for the wealthy either.…
Read MoreFinancial Checklist for Baby Boomers
You’ve probably been hearing a lot about Baby Boomers lately. Not surprising considering this huge generation is reaching retirement age in a very different economic climate than their parents. In fact, 10,000 Boomers are turning 65 every day. Boomers, as a group, will be retiring with more debt than their parents, be it credit card, education, or a mortgage. On top of that, the cost of living has jumped significantly in the last few decades, with housing up 21% in the last three years alone, food up 26% in the last ten years. Medical costs even for those over 65 who qualify for Medicare have increased as well. What that means for retiring Boomers, as this is a population who has the potential, through lifestyle and advances in medicine, to live well into their eighties, nineties, and hundreds, is that they should go over the following checklist of financial goals.
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