The year 2020 was a dramatic rollercoaster ride for investors. The COVID-19 pandemic was nothing like anyone had seen before, and the immediate impact of the virus on the world was economically devastating. However, 2021 was much different. Even with the virus still lurking and making a strong head back into the mid-year with its ...

Planning for retirement is an important component of everyone’s financial planning, including that of a high-net-worth individual (HNWI). What is a high net worth individual (HNWI)? There is no industry-recognized definition for an HNWI. One of the most commonly accepted criteria is an individual with $1 million or more in investable assets, excluding real estate. ...

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 ...

Like all other parents, you would want your child to have a good education and a successful future. For this purpose, you work hard, juggle family schedules, make time for their homework, and do so much more, only to prepare them to take advantage of different life opportunities. The most important foundation of a secure ...

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 ...

Education is the foundation stone for a child’s future security. However, while every parent wants to provide their children with the best of opportunities, other expenses sometimes take precedence. Sending your child to college in today’s times requires planning, strategizing, and investing in the right kind of funds and instruments. It also needs a well ...

A pivotal piece of learning from the 2020 COVID-19 pandemic was that one must be prepared for any eventuality. Financially challenging times are particularly hard for people who believe in the concept of living from one paycheck to another, without any major savings. While most people long for financial freedom, not many realize the importance of savings ...

Bonds are one of the most secure investments you can make. However, this $43.1 trillion market (as estimated in 2019), inclusive of multiple securities, complex rules, and varying yields, can often be overwhelming for many investors. But the importance of including bonds in your overall portfolio is indisputable. According to experts, the ratio of bonds ...

If you recall your childhood, you will realize how a couple of dollars of pocket money had a greater purchasing power back then than it has now. The cost of living has been increasing steeply over the years, with an average of around 3% every year in the last few decades. This may appear to ...

Social Security benefits are undoubtedly one of the steadiest and most stable sources of income in retirement. But it is important to understand that these benefits work in combination with other sources of income, dividends, and interests that you earn. They are also taxable. The most alarming aspect of Social Security that most people are ...