By definition, business owners put a lot of their financial resources into their enterprises. But as an owner, you may need to invest in more than inventories and payroll to help achieve the future you’ve envisioned.
If you’ve done any estate planning, or even if you’re just familiar with it, you probably know the basics — that is, a comprehensive estate plan can help you pass on assets to your family while also achieving other goals, such as designating someone to take care of your affairs if you become unable to do so.
Becoming part of a blended family can certainly be rewarding. Of course, as is the case in all families, there will be challenges, one of which is financial.
Now that we’ve put winter behind us — at least on the calendar — it’s time for us to think about sprucing up our homes, inside and out. But it also may be time to do some financial spring cleaning.
If you’re going to enjoy a comfortable retirement, you should know, among other things, how much money you’ll need.
And you may have a much better chance of knowing this if you get some professional help.
Many people make financial New Year’s resolutions, such as reducing their debts or contributing more to their retirement accounts — both of which are certainly worthy goals.
But among those who planned to make a financial resolution for 2023, the primary reason was the desire to build an emergency savings fund, according to a December 2022 study by research firm Morning Consult.
Many people plan to take an early retirement, so when that day arrives, they’re ready for it.
But what if you were to face an unplanned retirement? Would you be prepared to deal with the financial issues?
If you’re getting closer to retirement, you might be thinking more about Social Security. Specifically, can you count on it to contribute part of the income you’ll need as a retiree?
There’s been an increase in alarming language surrounding the solvency of Social Security, but in reality, its prospects are not nearly as gloomy as you might have heard.
In the past year, we’ve seen some big swings in the financial markets. This volatility may make you feel as if you have little control over your investment success.
But the truth is, you do have more control than you might think — as long as you don’t let fear guide your decisions.
We all want to stay healthy and live independently throughout our retirement years.
Unfortunately, that won’t be possible for some of us, so it’s a good idea to be prepared for health-related challenges — such as the need for long-term care.
