Tag: financial planning
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10 Financial Planning Actions to Consider During an Economic Crisis
An economic crisis is a situation where a country experiences a financial plunge. It affects the GDP value, as well as reduces liquidity in the system. It also causes drastic market fluctuations and can lead to inflation or deflation. What is more startling is the lack of preparedness to tackle such situations, causing further economic ... -
Portfolio Assumptions That Can Harm Your Financial Planning
The accuracy of your financial plans is a huge determinant of how your life will be post-retirement. To plan with precision, you need to make certain assumptions, some driven by facts and others based on cautious judgment. However, in both scenarios, the assumptions need to be as close to reality as possible for financial planning ... -
How can Financial Advisors Help you with Navigating the Post Covid-19 Economy?
The coronavirus outbreak has affected humans in many ways. The COVID-19 pandemic has brought with it not only a health crisis but also a situation that impacts society, life, economy, and the future of the world. However, there is a bright side to everything, and people have a lot to learn from their current circumstances. ... -
COVID-19 Pandemic Implications Highlight Significance of Financial Planning
The Coronavirus crisis has brought people face-to-face with their worst economic nightmares. While some might have been prepared to deal with financial emergencies, many others believed that they would never have to face such a time in their lifetime. For the majority of people, it is becoming increasingly difficult to emerge out of the financial ... -
Financial Planning To-Do List through Quarantine
The coronavirus pandemic has given people across the world a lot of time to mull over several aspects of life. Financial planning is one such facet that needs to be revisited during this period of quarantine so that investors can take the necessary steps for improvisation. People should also take advantage of the several relaxations ... -
6 Lessons from the Market’s Reaction to the Coronavirus Outbreak
The world may be an uncertain place to live right now. Countries all over the planet have been put under lockdown, flights are parked in airports, retail markets are shut, and schools have been forced to conduct online classes. The future is hard to predict at this time with no preventive vaccine in place. While ... -
Hassle-Free Saving For College
Costs associated with colleges are increasing with every passing year. This makes saving for higher education a challenge. It is hard for parents to make last-minute arrangements for tuition fees, books, accommodation, etc. Many people also do not want their children to suffer under the burden of hefty education loans. Therefore, it becomes imperative to ... -
529 Plans: Not Just for Children
529 plans are designed to facilitate savings for higher education. However, it must be noted that these plans are designed not only for the benefit of children but for anyone who wants to undertake a qualified educational course. This implies that children are not the only ones benefiting from these plans. Parents can also utilize ... -
Inside: Top 529 Plan Withdrawal Tips
Education is a basic need, and it is a fairly expensive one. But it is possible to effectively manage the enormous cost of college without hurting your pocket. Savings accounts such as a 529 plan can help parents incur these costs and avail significant benefits. A 529 plan is a tax-advantaged savings plan which provides ... -
How to Ensure That Your Assets Don’t Go Unclaimed?
Assets are priced possessions regardless of whether they are inherited or self-earned. Over the course of accumulating multiple assets like real estate, fixed return investments, retirement accounts, insurance plans, etc., you may lose track of things in routine chores. Some people also spend their entire lives building up an empire for their family without letting ...