We spend a lot of our lives planning, from trips and vacations to how to decorate the living room. But there’s one area you should be focusing on if you haven’t already, especially if you want a secure financial future: financial planning. You may be thinking that financial planning is only for the very wealthy, […]
When it comes to retirement, most Americans today have some form of defined-contribution plan for their retirement, typically through their employer. The most popular retirement plan today is probably a traditional 401(k) plan. Self-employed Americans, on the other hand, don’t have an employer to sponsor a retirement plan for them. In some cases, they may […]
Even if you are young and not currently thinking about retirement planning, know that you should be. Research shows that the earlier you can start saving for your retirement, the better off you will be and the more likely it is that you will meet or exceed your retirement savings goals. There are several different […]
Though many people view a financial planner as a luxury only necessary for the extremely wealthy, the truth is that a financial planner can help almost anyone achieve their financial goals and grow their finances. If you’ve been considering working with a professional financial planner to improve your financial situation, you might be wondering how […]
Nowadays, most people cannot count on Social Security to provide enough income during their retirement years. They will need to think strategically about the types of accounts they will need once they retire and make sure they set themselves up for financial security. The tax-advantaged retirement accounts generally come in two different setups. The traditional account, such […]
Though many people consider financial planning as something only necessary for those with a substantial amount of wealth, the truth is that anyone can benefit from a good financial plan. Financial plans are a way to secure your financial future, build wealth, and afford large purchases or emergencies without going into debt. You don’t need to be […]
When investing for retirement, risk tolerance generally changes over time. Individuals who are decades away from retirement typically accept a larger amount of risk for the chance to achieve significant growth, which is one of the benefits of saving for retirement earlier rather than later. As individuals get closer to retirement, they tend to get more conservative […]
Despite recent reports that just under half of all American adults can handle an unexpected expense of $1,000 or more, the majority choose not to seek outside financial help. In fact, only 17 percent use a financial advisor, according to a 2019 CNBC and Acorns Invest in You savings survey. Many people who choose to […]
Planning for retirement can prove extremely stressful, as individuals are forced to prediction how much they will need in retirement. Even when individuals save proactively and create a detailed plan for their retirement years, they are bound to run into some surprises. Retirement is designed to be a time of relaxation and exploration rather than a source […]
As a reflection of his decades of experience as a retirement and financial planner, Robert M. Ryerson has shared his expertise in personal finance and economic trends through his involvement with The Society of Financial Awareness. Robert M. Ryerson recently established a private consulting company to educate investors on cryptocurrencies. While cryptocurrencies are still viewed as high-risk investments, […]