You may have heard that increased risk equals increased reward; that chasing an annual return maximizes your nest egg; that the stock market always goes up over time. Don’t mistake popular opinion for sage advice. It’s time to question the advice others have given you.
Trying To Get Ahead May Put You Behind
Many people assume that once you retire and your children have grown you can eliminate life insurance. Just the opposite is true. Life insurance can, and should, play a key role in your overall retirement planning.
The amount reflected on your statement is not all yours. A portion of your balance will go towards paying future taxes. Depending on your situation, relying solely on your 401(k) plan could put you at risk.
Deciding how much to save for a given event can feel like pulling a number out of a hat. Over time everything changes: markets ebb, costs rise, goals fluctuate. There is a better way to plan that doesn’t involve predicting the future. Learn how to plan for:
Have you been told you have to accept financial risk in order to grow your wealth? You don’t. You can get ahead without putting everything you’ve worked hard for at risk.
How much did you pay for that new iPad? If you think you only spent $499, think again. Find out how much all those “little” purchases in your life are really costing you.
