Tag: Finance
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Does Your Estate Plan Work?
Estate planning is an indisputable way to a secure future. Starting with the simple step of making a will, estate planning can also involve setting up a trust, preparing a power of attorney, protecting the interests of a minor, and much more. In fact, contrary to popular belief, everyone needs an estate plan even if ... -
Why Do You Need to Have a Portfolio Protection Strategy?
Much like the market, your portfolio protection strategy should be dynamic in nature. With changing laws, market situations, economic expansion and downturn, the value of your assets and their tax liabilities also change. Creating a portfolio is not a one-time task. There will be many times when you will be required to make immediate decisions ... -
Mistakes People Make With Their Retirement Benefits
Not getting everything exactly right remains a common inevitability about retirement planning. One isn’t always very sure about how their needs and expenses may change in the future. The best thing they can do is guess and estimate. But because of the unpredictability of the future, forecasting retirement benefits can sometimes lead to mistakes rather ... -
All You Need to Know About Portfolio Diversification
No investment can indeed be 100% risk-free, but a diversified portfolio can reduce the chances of risk by a significant percentage. The concept of diversification is simple. No two markets or securities function the same way. So even if you suffer losses in pharmaceuticals, you can still earn a profit in technology or real estate. ... -
What is the SECURE Act? How Could It Affect Your Retirement?
Traditional pensions are on the decline in the United States of America, and most citizens are tasked with the responsibility of saving up towards their retirements. Relying heavily on 401(k) plans and IRAs, the retirement sphere is in shambles. This is because an expected one-fourth of working Americans have no retirement savings, including 13% workers ... -
Things You Need to Know About Estate Planning in a Second Marriage
Estate planning is the most multi-faceted aspect of financial planning. It involves emotions and relationships, and is perhaps the only part of personal finance that you plan for someone else and not yourself. Unlike your other financial goals, estate planning depends largely on the structure of your family. Your marital status plays a very significant ... -
How to know If Index Annuities are right for you
Index annuities are increasingly becoming a part of people’s financial portfolios. Its popularity has risen in the last few decades, as it protects investors from the direct risks of stock markets and provides a fixed annuity. But what exactly is this financial instrument and how does it work? And, is it right for all investors? ... -
How to Invest for Short-Term Goals within the Next 10 Years
One of the most important deciding factors behind any financial strategy is time. You may think that inflation, economies, and markets affect your financial goals, but it is time that steers all of these factors and ultimately your financial plans. People like to keep different time- based goals that they hope to achieve in their ... -
Economic Bubbles: Everything you should know about them
In an era of economic jargons, it can sometimes be difficult to catch up on how the economy is faring, which can, in turn, affect the way you make your own financial decisions. You must have heard the term ‘Economic Bubbles’ doing the rounds these days with little knowledge on what it means and how ... -
Federal Rate Cuts – How is your wallet going to be affected?
If you have been following the news, you will know that the Federal Bank reduced interest rates for the second time this year. Although the change was made by a slight margin and against the expectations of the President, it was warmly welcomed by financial markets as a buffer against global slowdown. The reduction by ...