Financial planning is important for a number of reasons. It can help you achieve your long-term and short-term goals, help make your retirement financially secure, and reduce your tax liabilities. A robust financial plan can also help you with a money crisis. A money crisis or financial problem can strike anytime, completely unannounced, and disrupt ...

Financial advisors can form an important part of your financial journey. These professionals not only offer standard guidelines on savings and investments but also lend you a helping hand to ensure that you achieve your financial goals with minimal problems on the way. While financial planning can seem like a structured thing to do, everyone ...

When it comes to financial planning, your mind automatically wanders to market graphs, economic journals, and financial advisors in business suits determining the next effective strategy. While it is true that financial planning is a complex and dynamic activity, there are some aspects of it that can be implied in the simplest of manners. One ...

Frugality does not mean living like a miser or cutting down on your basic needs. It is about spending money prudently. After all, a dollar saved is more than a dollar earned. Every dollar invested grows over time and contributes to creating a substantial net worth. Here are seven ways to stay frugal to achieve ...

Financial management begins at home, right from the time you start getting your pocket money to when you manage and maintain complex investment portfolios. The idea is the same – to maximize profits and reduce risk. However, the ultra-modern way of living and maintaining an unbalanced lifestyle has not left much space for managing finances. ...

Many parents establish a 529 savings account for their children’s future higher education. However, there is a notable concern associated with it. A 529 account can have an adverse effect on a student’s eligibility for need-based federal financial aid. These implications primarily depend on two factors: Ownership of the account Distributions and withdrawals A comprehensive ...