Tag: personal finance
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Robo-Advisors vs. Financial Advisors: Which option is the best for you?
Artificial Intelligence or AI has taken the world by a storm. Going by the recent trends in technology and human acceptance and dependence on it, the time when robots completely and automatically devise financial plans is not too far away. British physicist, Stephen Hawking, once said, “The development of full artificial intelligence could spell the ... -
Actionable Strategies to Make Your Retirement Assets Last Longer
The importance of retirement planning cannot be stressed upon enough. Considering the increase in the number of centenarians in America, a person who retires at the age of 60, may have another 30-40 years of living without an income. Moreover, women generally live longer than men, adding some more years to their retirement. You must ... -
Surprising Money Statistics That You Need to Know
People spend their entire lives in the constant endeavor of building wealth. Money drives the world. It is, thus, necessary to have a sound understanding of the methods to earn and invest money. Moreover, there are also some other surprising money statistics that you should always know and keep a tab on. The more you ... -
The Right Way to Start Investing with Little Money
Little drops of water make a mighty ocean. Recent statistics show that 30% of Americans older than 55 have no retirement savings and almost 75% over the age of 40 are not meeting their retirement goals. People often presume that investing requires a lot of money, and thus, keep delaying the process. In reality, investing ... -
Are You Taking Note of These Frugal and Smart Money Habits of The Rich?
Business magnate and philanthropist, Warren Buffett once said, “Someone is sitting in the shade today because someone planted a tree a long time ago.” Most people aspire to be millionaires living in big mansions and owning precious assets. But being wealthy is not just limited to living life king-size. The rich and famous personalities around ... -
Things You Need to Know About IRA Beneficiary Designation
An Individual Retirement Account or IRA is an integral part of any financial planning. Not only does it ensure time savings for a relaxed post-retirement life, but it also provides many tax benefits. Most people are wise enough to open an IRA early in their careers. However, they put off one crucial task – naming ... -
The Dos and Don’ts of Financial Planning
Financial Planning is like laying out a road map for the future. It not only helps you plan your finances but also gives you a direction in life. Studies show that people who engage in financial planning are much more organized and efficient in financial matters. A lot of us do not consider planning for ... -
Wealth Creation v/s Wealth Preservation
Having a sound financial plan that reaps benefits in the long run is essential for every household. Generally, financial planning includes two broad aspects – wealth creation and wealth preservation. Most people spend their lives engrossed in the continuous process of wealth accumulation and tend to ignore the importance of preserving that wealth. However, to ... -
10 Estate Planning Myths That Can Cost You
Most adults tend to forego estate planning in their financial goals strategy. There are several misconceptions around estate planning that deter people from exploring further. These unverified myths make people exclude estate planning from their financial planning goals and ultimately leave their family in a fix after they are gone. Given below are the most ... -
5 Step Guide on Building Wealth
Picture this: You have a steady job and the income you receive at the end of the month goes in paying bills, funding needs, and splurging the little that is left. Amidst the daily routines of life, have you ever stopped to think where exactly your wealth is going? It is easy to say that ...