Tag: financial planning
-
The Concept of Risk-Adjusted Returns and Why You Must Understand It
Market uncertainties have had a major influence on recent economic times. Investors who used forecasts and technical projections to safeguard their future now refrain from making undeviating judgments. Instead, they now rely more on strategies to encumber risks from their plans. It would be fitting to deduce that management and allocation of risk has now ... -
5 Misconceptions About Financial Planning that You Must Steer Clear Of
People have a lot of misconceptions when it comes to the world of financial planning. While some assume that they don’t need a financial planner, others feel that their income is not enough to even warrant some form of financial planning. Whatever the case may be, there is no doubt that numerous misunderstandings endure. Such ... -
Pension Plans: Fancy Projections, Dangerous Outcomes
Over the years, many Americans have come to believe that a pension plan is a gold standard when it comes to retirement benefits. However, this may not be the case always, especially in today’s political environment. Earlier, the Washington Post reported that the current Republican administration under President Donald Trump is considering to reform the ... -
Dealing With Uncertainty While Planning For Retirement
Uncertainty is an inevitable part of life and quite prevalent in retirement planning as well. Since life after retirement is in some ways, dependent on your past investments, the market condition and volatility can largely impact your decisions. There are many things that you cannot predict beforehand and no amount of planning can guarantee a ... -
Potential Conflicts Within the Investment Industry
The investment industry in America has always been riddled by conflicts. Traditionally, these conflicts were of a simpler nature, out there in the open for everyone to see. As such, it wasn’t very difficult to spot and avoid them. In this day and age, it’s a different story altogether. Factors like globalization and a massive ... -
All You Need To Know About Registered Education Savings Plan (RESP)
The definition of education planning has undergone different transformations in the last few decades. Its modern concept has attracted various disciples from different aspects of our life. Today, education planning entails a variety of savings plans that secure a child’s future with varied resources. Registered Education Savings Plan or RESP is one such distinguished proposal ... -
When Investing, Use Time to Your Advantage
Most of us understand that an investment is a process of investing money in order to earn a profit. Usually, we make the mistake of relegating all our investments towards the later part of our adult lives – mostly after the age of 30 when we are well-settled in our careers and happily married. However, ... -
How much will you need to retire?
Strategic planning, intellectual investing, and considerable savings give way to a happy retirement. When you leave your job, you are free to create your own schedule. You also gain the liberty to pursue your interests without having to worry about missing office and losing out on a salary. This is only possible if you ensure ... -
How to make major financial decisions in life?
Money is an integral part of our lives and all of us are required to make decisions regarding it on a daily basis. Every day, we are faced with the choice of either spending our money for immediate gratification or saving it for eventual gain in the future. Our ancestors in the past would have ... -
Assets in Joint Ownership: Could This Be A Problem?
It isn’t uncommon for people to set up their bank accounts, properties or various other assets in a manner where they have joint ownership with someone – either a spouse or other family member, and even a friend or business partner in some cases. While many people think that this is a good, cost-free replacement ...