Tag: financial planning
-
All About Setting Financial Goals
The importance of savings is well-known, but just merely hoarding cash in a cabinet is of no use unless you have specific goals. Setting up financial goals can help you shape your future. Without a set of targets, you would find yourself spending on unnecessary items, and falling short of funds in case of an ... -
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 ... -
Strategies for Smart Post-Retirement Income
Most people aim to have a steady and peaceful post-retirement life. They spend their formative years trying to find ways to save up for their retirement. However, working hard is not the only prerequisite for a secure future. You also need a smart post-retirement strategy in place. Having a strategy ensures a lasting and steady ... -
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 ... -
Tips to Minimize Estate Taxes with Proper Estate Planning
Estate planning is often an ignored subject, yet an important one which should be on the top of your priority list. More than half of the adult U.S population is yet to make a will. The absence of a will could prove to be disastrous for their children if a tragedy were to strike. As ... -
The Ultimate Guide on Budgeting and Expense Tracking
According to a survey conducted by the World Bank in 2017, America is the world’s largest consumer market in the world. This data gives us a clear insight into the country’s consumer spending behavior. The modern world presents each of us with various products and services to spend our money on. Whether it is grabbing ... -
Importance of Debugging Errors in Retirement Calculations
Regardless of your age or the profession you are in, retirement is bound to come knocking on your door someday. Experts say that the right time to start saving for retirement is the day you earn your first paycheck. Considering that most people start working in their 20s or 30s, it may seem like there’s ... -
Are You Saving Enough?
The one advice that people often receive from parents, grandparents, mentors, and even bosses, is to save money. It is also something that we unconsciously advise people around us to follow. But, even though saving money is considered to be a universal rule, nobody really talks about how much one should save. In this ever-changing ... -
How to Find the Right Withdrawal Rate from Your Retirement Corpus?
Retirement planning refers to saving money for when you finally decide to leave the workforce behind. In most developed nations, the age of 65, is traditionally seen as an acceptable time to retire. If we go by recent trends, we will find that an average American retires at the age of 62. This leaves them ... -
Deciding What to Do with Your 401(k) Plan When You Change Jobs
Changing jobs comes with a tinge of uncertainty and lots of hope. With every new job, you have a chance to excel and move a step forward in your career. What many people do miss out on is the fact that every new job is also a step towards retirement and therefore, can impact your ...