Inflation is a double-whammy for retirees, with higher prices requiring larger portfolio withdrawals, reducing their investments. Strategic portfolio management and lifestyle design can minimize the risk and maintain financial freedom in retirement.
Unlike traditional financial investments, the ROI of a home renovation can be a bit fuzzier. Factors such as location, market trends, quality of work, and personal preferences all play a role in the final ROI.
Couples who have opposite philosophies regarding saving and spending often have trouble finding common ground, and money arguments frequently erupt. But you can learn to work with — and even appreciate — your financial differences.
Once you're retired, your income plan should strive to address four basic objectives: earn a reasonable rate of return, manage the risk of loss, maintain a source of sustainable and predictable income, and reduce the impact of taxes.
Although discussing the topic of money with your kids can be uncomfortable, it is a necessary step in their development. Few schools teach courses on how to handle money the right way. Without learning money management skills at home, your kids are going to be in for a few nasty surprises when they get older.
Though we don’t expect tragedies or litigious events, it is still a good idea to be prepared and protected from them. Read on to learn more about common insurance gaps and how you can plug them.