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Who Is Your Custodian?
Your custodian is the financial institution where you actually have your own account. Different custodians have different roles and fees. In general, a custodian is a bank or a financial…
Read MoreWhat Is A Fiduciary? | Defining of Fiduciary
A fiduciary is someone who is held to legal and ethical standards of putting your interest first. Fiduciaries have to disclose how they get paid and how much they charge.…
Read MoreWhat Is a Cash Flow Statement? | Statement of Cash Flows
Your Cash Flow Statement is the most important statement you can have. It measures how much money comes into your household vs expenses. A cash flow statement is income minus…
Read MoreHow do I Pick Investment For The 401(K)?
Look at the list of options the employer makes available. Before you choose investments, it is important to know what your asset allocation should be. Also, when selecting a mutual…
Read MoreWhat Is An IRA? | Explanation Of IRA
An IRA is an Individual Retirement Account. An investment / saving account given favorable tax treatment by the government. Depending upon your income, IRA contributions may be tax deductible. IRAs…
Read MoreHow Does The 401(K) Work?
A 401(k) is a type of account offered by your employer where you can choose to save money for you retirement tax deferred. In many cases your employer will match…
Read MoreWhat 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 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.…
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