Tag: financial planning
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Six Tips to Help You Face Any Financial Crisis with a Robust Financial Plan
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 Planning: Goal Planning and Asset Allocation
You cannot leave your financial health to chance. A financially secure life requires you to create a strategically optimised financial plan that aligns with your goals. Identifying your investment goal to create a sound financial plan helps you to reach your objective faster and in a more disciplined manner. Several studies have found how using ... -
Reasons Why You Cannot Afford to Ignore Tax-Efficient Investing
Taxes have always been a sore component of any savings or investment plans. High taxes can erode your earnings, and lead to disappointments at the time of maturity. Tax also plays a crucial role in your decision to invest or save in a particular investment tool. In fact, taxes and earnings go hand in hand, ... -
10 Strategies for Preserving Your Wealth
2008 brought to the world the worst financial disaster since the great depression of 1929. People lost their jobs, investments tanked, the value of real estate dropped, and financial anxiety was at its peak. The aftermath of the financial crisis of 2008 was equally alarming. There were approximately 8.8 million jobs lost in total with ... -
How Impulse Spending Can Get Your Financial Planning off Track
Impulse spending is something that a lot of people struggle with. If you scan your home, you are bound to find many unnecessary items that you no longer use and had impulsively bought at some point in your life. As per a survey conducted by Slickdeals in April 2020, an average American spends approximately $182.98 ... -
The Theory of Dividends: What Makes It the Ultimate Tool for Investors
There are several types of investors out there with different investment preferences and strategies. Some prefer high risk and high reward investments that can help them get a considerable gain in a short span of time. Although risky, investment choices such as trading shares in the market, can help you cover short term expenses and ... -
ETF 2021 Outlook: Things You Must Remember
ETF or exchange-traded funds are a combination of securities that are traded on an exchange. Most of the securities in an ETF include stocks, bonds, commodities, currencies, or a combination of these. ETFs offer diversified and low-cost access to a precise area of the market, allowing investors to purchase a basket of securities without purchasing ... -
Understanding Asset-Based Advisory Fees
Financial advisors can add incredible value to your financial plan. With expertise and considerable knowledge of the investment world, economy, and people’s financial needs, these professionals can be an asset for investors. However, just like all other things, financial advisors also come at a cost. In most cases, their varied services and continued assistance in ... -
Long-Term Impact of Taxes on Your Financial Planning
Most people consider investment returns as a deciding factor while picking out an investment. However, the returns are not entirely yours always. Depending on the type of investment you choose, you could end up paying a significant amount of taxes. This is why it is crucial to keep in mind the repercussions of taxes on ... -
Be Aware of These Remote Worker State Tax Liabilities Before the Tax-Season
Owing to the novel coronavirus, working remotely has gone from being a perk to standard operating practice for many people. Many employees have started working from states other than the ones where their offices are primarily located. While six out of ten employees reported the benefits of working remotely and enjoyed a better work-life balance, ...