Tag: financial planning
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Best Ways to Save for your Child’s Higher Education
Benjamin Franklin, one of the founding fathers of America, rightly said – An investment in knowledge pays the best interest. From the day you become a parent, everything in your life revolves around the betterment of your child. And yet, unfortunately many American parents do not put in enough thought towards their child’s education fund. ... -
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. ... -
Everything You Need to Know About Balanced Funds
Experts often warn investors against putting all their eggs in one basket. This is why diversification of portfolios has been touted as the best strategy for long term investments. Mutual funds are a great way to diversify your portfolio. They are generally classified according to their asset class. These funds are called equity funds if ... -
The Treacherous Mountain of Student Debt: Things Every Parent Must Know
It is an extremely proud moment for parents when their child graduates from high school and decides to go to college. In most cases, a college education undeniably results in a successful career and a bright future. However, the worsening student debt crisis is something every parent is concerned about, and the terrifying fact is ... -
Should You Save for Your Child’s College Using a 529 Prepaid Tuition Plan?
Investment on knowledge is the best form of investment, and savings as they say, is the prerequisite of investment. With college prices already soaring and expected to further sky rocket in the future, the best time to save is now. As per estimations by financial experts, for today’s newborn, the cost of college would be ... -
8 Investment Mistakes That You Must Steer Clear Of
“The more you learn, the more you earn.” This simple mantra should be your guiding torch throughout your financial journey. There is no single best way to make secure investments. It is only with good knowledge about different strategies that one can come to a prudent decision. There could be two approaches to learning: The ... -
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 ...