Tag: financial planning
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Controversial Rebuttals of an Early Retirement
Early retirement is increasingly gaining popularity with more and more people wanting to retire in their 30s and 40s, as opposed to waiting until their 60s and 70s. However, the concept of early retirement is also criticized by a few. Many financial advisors who back up the notion of early retirement believe that in order ... -
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 ... -
Here’s All You Need to Know About the Supplemental Executive Retirement Plan (SERP)
A company is made up of different employees. Some are fresher trainees, just starting out their careers, and some are high ranking officials with years and years of experience. Every company has a different set of regulations while dealing with different categories of employees, based on their qualifications, departments, time spent in the company, salary, ... -
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 ... -
How to Pay for Education Expenses with an IRA?
Individual Retirement Accounts (IRA) and 529 plans or education savings account (ESA) are always kept on the far ends of the financial planning spectrum. While IRAs and 401 (k)s are a common investment tool for retirement planning, 529 plans and ESAs are considered the obvious choice for education funds. In this article, we are going ... -
10 Reasons Why Financial Planning Isn’t Just for the Wealthy
The title itself is quite self explanatory. The biggest misconception of all time is that financial planning is for the wealthy. The truth, however, is that financial planning is a path to being wealthy. Not everyone is born with a silver spoon, but with proper planning and investments, some people can turn their faith around. ... -
Key Strategies for Investing During a Recession
Recession is defined as a prolonged period of decline in economic activity. Typically, if the economy suffers from two consecutive quarters of negative gross domestic product or GDP, it is considered to be in recession. As per businessman and financial commentator, Jim Rogers, recession is an unavoidable part of the market, and hits the economy ... -
Robo-Advisors vs. Financial Advisors: Which option is the best for you?
Artificial Intelligence or AI has taken the world by a storm. Going by the recent trends in technology and human acceptance and dependence on it, the time when robots completely and automatically devise financial plans is not too far away. British physicist, Stephen Hawking, once said, “The development of full artificial intelligence could spell the ... -
How to Avoid a False Sense of Security in Retirement
As per a recent survey conducted by the Employee Benefits Research Institute, over 30% of Americans over the age of 55 have only saved $ 10,000 for retirement. The idea of Social Security and Medicare has led most people to believe that they don’t need to save in other types of accounts or investment vehicles. ... -
The Ultimate Guide on How to Craft a Retirement Income Plan
Contrary to popular belief, an income is not just limited to your pre-retirement days. It is also an essential part of your life post retirement. You spend all your life, saving your money in different types of retirement accounts and schemes. Every account or investment has a different rate of interest, maturity period, tax benefit, ...