The question of trust can be incredibly complicated when it comes to picking financial advisors. Financial advisors are in the unique position to hold the intimate details of their client’s wealth, and presumably, that comes with trusted advice that is in the best interest of their client.
Read MoreWhy has the market recovered even while the economy has grown worse? The answer is that the stock market is not the economy.
Read MoreThe economic consequences of the global Covid-19 outbreak and the associated decline in economic activity from quarantines, business closures, and social distancing have been staggering.
Read MoreMany people have the perception that their tax bill each year is chiseled into stone and an unchangeable result of their financial situation. But the reality is that there is many things you can do each year to optimize your taxes,
Read MoreSo, the SECURE act is now law, and there are many changes for Americans that are actively using an IRA, college savings plan, inherited IRA, making charitable donations and more.
Read MoreIt can be hard for many people to remove the emotional aspect of making investment and trading decisions. Numerous studies have shown that the majority of people under perform compared to professionals because of poor decision making and impulsivity.
Read MoreThe insurance industry sows confusion by calling their salespeople “financial advisors”, when in reality they are annuity or life insurance salesmen. Once you wade through the sea of insurance salespeople, it is then possible to find a Certified Financial Planner CFP.
Read MoreI define a financial vampire as an asset whose value rapidly depreciates shortly after purchase and continues to decline in value as time goes on.
Read MoreOne of the most popular budgeting plans is the 50/30/20 plan. This means that 50% of your after-tax income should go towards necessities, 30% towards “wants” and 20% towards debt and saving for retirement.
Read MoreEarly retirement at 55 is a dream for many people, but the road to get there can be pretty difficult for most families. The Social Security Administration defines full retirement age as 65, and about half of Americans retire between the ages of 61 and 65.
Read MoreHowever, there are some minor differences that in our opinion make ETF’s superior for retail investors. Both ETF’s and mutual funds are containers that hold many different types of stocks within them, but those containers are different from each other.
Read MoreTax-deferred growth is an extremely simple concept that can be leveraged by the average person to generate incredible wealth. In a nutshell, it just means you pay taxes later on the money that you’re currently growing in your account.
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