Your financial plan needs to keep pace with larger socioeconomic trends. Here are smart ways to manage the five trends that we think are important to you over the next five years.
Your letter from the Internal Revenue Service says a bogus tax return was already filed in your name. Or your electronically filed return bounces back because fake returns are already on file with your Social Security number (SSN). Surprise: You may be the victim of identity theft. What can you do?
College is a good thing, but expensive. Unfortunately, federal rules make higher education even more costly and do little to improve its performance. The latest batch of government plans uses a carrot-and-stick approach that makes a bad situation even worse.
So you sold your technology startup or enjoyed some other event that produced a lot of liquid assets (cash). Now you’ve got excess money to put to work or just enjoy, and engage a financial advisor to help you. But how do you keep your money safe? By asking your advisor some hard questions up front.
Cold, hard cash has a certain cache. A hoard of it allows people to do big things, whether wise or foolish. A lack of it causes pain, often widespread pain. Nevertheless, in this age of cyber-security breaches, cash has an advantage over other forms of payment.
Here’s a look at the pluses and minuses of cash in our economy today:
1. Bountiful corporate cash propels mergers and aids the stock market. But in the long run, it could lead to bad deals that crash and burn.
You might view divorce as a series of distinct steps: filing the paperwork, negotiating with your ex, getting a settlement and reaching the end of your marriage. Yet still more work – sometimes lots of it – remains after your divorce.
First, your settlement agreement likely stipulates actions and tasks that you must finish, often under deadlines. Develop a checklist with each action item and due-date, with room for comments and additional steps.
I started my firm on a leap of faith six years ago. Knowing nothing about running a business when I began, I learned plenty of lessons along the way. I hope my been-there-done-that advice is helpful when you start your own venture.
Growing up, I had no aspiration of being a business owner. I majored in finance in college because my dad thought I should, and I kind of liked numbers. After graduation, I entered the financial services industry, working in a brokerage firm, cold calling people to get clients.
Health-care costs for seniors receive a lot of attention, but many people fail to consider other important aspects of elder care. Tackling difficult conversations about elder care now helps you make informed decisions about this unavoidable stage of life.
Advances in medicine and nutrition mean that people live longer. According to the Center for Disease Control, Americans who live to age 65 have about 19 years of life ahead, including nearly 14 years in relatively good health.
Scary things happen in life. Here’s how to make thinking about them easier.
You love your family and want to make sure they’re protected if something happens to you. One way to plan for disaster: Manage your risk.
The right variety of personal insurance. You already hold insurance for your car or home. Chances you need other insurance loom greater than you think.
You likely hear all the time about how much couples spend on each other, the kinds of gifts they buy and how all of us can save money delighting our significant others. Less well-known: Most people actually find a mate more attractive if that person freely talks about personal finances.