The health of an elderly parent falters and fails, a home for decades gives way to a hospital room and suddenly the longtime source of family unity and strength can’t even live alone anymore. That’s a family challenge that often sends adult children to a financial advisor for help.
Financial planning involves more than jerking your knee to the latest money headline. Sure, the world economy, the globe’s tribulations and the latest loud investing pundit try to make you panic. How you react is vital to your long-term financial health.
Low oil prices will tank the energy industry. Controversy over fast-track trade will harm U.S. exports. Slow economic growth will stifle the stock market. You hear a lot of predictions, especially in the harrowing aftermath of the financial crisis. This augury is an insidious racket, though, as behavioral research shows.
Your credit report greatly influences whether you get a mortgage or other loan, take out insurance, rent a home or even secure a job. Few other numbers help or hurt your life so deeply. Here’s how to find and improve this key tool in your financial life.
Guess right with men’s college basketball champ Duke Blue Devils? Think the Golden State Warriors will take it all this June in professional hoops? If you’re among the millions of fans who systematically try to pinpoint winners before the big games, similar strategies can also apply to your stock picks.
Whenever stocks hit a speed bump, investors wonder, “Where is the market headed?” It is human nature to seek a prediction to guide our actions. But recent turbulence in the market means little – and can lead investors astray. Here’s why.
Most homeowners have insurance because their mortgage lenders require them to. But two-thirds of them are under-insured, and more than 60% of renters don’t have insurance.
In our quest to save for various goals, developing a fear of spending is possible. To conquer this unhealthy fear, align your spending with what you value.
The Federal Reserve loves to print money. Governments love to spend it. So maybe the problem isn’t that the Fed has been printing too much money – the problem is that the Fed hasn’t been printing enough money to keep up with government spending.
We often hear the term rollover in connection with retirement accounts. One frequent type of rollovers occurs when you leave a job and roll your 401(k) over to an individual retirement account or a Roth IRA. But beware: The rules just got more restrictive.