Tag: #IRA
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How to Minimize Risk in Your Retirement Plan
Retirement planning can be an intricate process in all aspects. The place where you settle after retirement, the amount of money you would need in your retirement corpus, the impact of taxes on your retirement savings, and more, are some concerns that are likely to be on your mind when you plan for retirement. Considering ... -
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 ... -
8 Best Financial Gifts for Your Children
Whether it is the holiday season or a special occasion like a birthday, graduation, etc., gifts can be a great way to show appreciation, admiration, and love for your children. However, as parents, your responsibility towards your child goes beyond traditional gifts like toys, books, family vacations, a trip to the mall, or gadgets. As ... -
Top 5 Financial Planning Trends in 2021
Goodbye 2020 & Hello 2021! The start of a new year is a good time to review your personal finances, ditch those bad money habits, make new financial resolutions to flourish, build wealth, and use better tactics to make the year impactful. Must Read : Key Trends and Concerns for Investors in 2022 Here are ... -
5 Healthy Financial Habits You Need to Practice This Year
The New Year brings with it many new promises. Some people use this time to make resolutions. The promise of a new beginning is a great way to embark on a journey that can make positive changes to your life. While most people think about making changes in their personal and professional lives, picking up ... -
Should Your Portfolio Become More Conservative as You Approach Retirement?
Ideally, your portfolio grows with you. How you invest depends a lot on your age, and hence, your portfolio eventually shapes and looks different according to your life stage. Conventional wisdom suggests making your portfolio more conservative as you get older and approach retirement. It may be advisable to rebalance your asset allocation, lower the ... -
6 Important Pointers to Know About Education Tax Credits
When it comes to college education, the costs involved can be overwhelming. Right from the tuition money to the cost of travel, books, course-related equipment and more, parents and students often have to turn to student loans to accommodate these expenses. While long-term savings accounts, such as a 529 education account, Individual Retirement Account (IRA), ... -
10 REASONS WHY IT IS IMPORTANT TO CONDUCT A MID-YEAR FINANCIAL CHECKUP
As the year progresses, it’s easy to get caught up in your daily routine and overlook the status of your finances. While it may be common to review your finances at the beginning and end of the year, not everyone might make it a point to check the status of their finances and investments halfway ... -
5 Reasons Why Trusts Are Not Just For The Rich
A popular notion, that is often misunderstood, is that trusts are only for the rich. The reality is that a trust is helpful to people of all economic backgrounds. A trust is a legal arrangement that allows a person (the grantor) to transfer their assets, including cash, investments, properties, etc. to a private fund. This ... -
Tips to Adapt Your Education Planning in The Pandemic Era
In an interview to Forbes Magazine, Dave Ressner, a wealth advisor and education planning specialist revealed that in a survey taken in March 2020, 36% of college presidents were convinced that this academic year was going to be ‘disrupted in some way.’ The world has taken a very different route in the last couple of ...