12/1/2006 - Try a different gift idea this year
Are you searching for gift ideas for the holiday season? It’s never easy, especially for older children and teenagers. They’re too old for toys, but do they really need another sweater or computer game?
11/1/2006 - Retirement saving is more important than ever
It’s never been more important to save for retirement. Baby boomers are set to strain the social security system in the years ahead. Studies repeatedly show that we fail to save enough on our own for retirement. The earlier you start and the more you save, the more comfortable your later years can be.
9/1/2006 - Avoid these mistakes in your 401(k) plan
Participating in a 401(k) or similar retirement plan is a great way to save for retirement. And these tax-favored plans are likely to become even more commonplace as a result of the recent pension reform law. But surveys show that many employees fail to take full advantage of the saving opportunity. Here are five common mistakes to avoid.
7/1/2006 - How to develop the saving habit
Do you save regularly? Developing a saving habit is one of the best things you can do for your financial health. Yet studies show that the savings rate today is lower than it’s been for generations.
5/1/2006 - Build a cash reserve for financial security
Many of us are living close to our financial limit these days. We pay our bills on time, but there’s not a lot left over. But that’s a dangerous situation. If things go wrong, your financial situation can change very quickly from adequate to critical. Without a cash reserve, you could find yourself in serious trouble.
3/1/2006 - Keep score of your finances with a personal balance sheet
Do you know how much your net worth is changing from year to year? We all want to enter retirement with a comfortable nest egg, owning more than we owe. A good way to chart your progress toward that goal is to prepare a personal balance sheet at least every year. That will give you a score card to measure how you’re doing.
2/1/2006 - Are your beneficiary designations up to date?
Who have you designated as beneficiaries for your insurance policies and retirement accounts? If you can’t remember, you’re not alone. But it’s worth checking. If you make the wrong decision, it could affect who inherits those assets. In some cases, it could also change the taxes your beneficiaries will pay and the value they’ll receive. Here are some key facts about beneficiary designations.
1/1/2006 - Diversify to reduce your investment risk
As you lay out your investment strategy for the year ahead, keep one important factor in mind. Make sure that you’ve diversified your investments. Diversification means not having everything invested in one stock, or one class of stock, or even one type of asset. It’s important because it reduces your risk of loss if disaster hits that one particular investment.
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The information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance. For more information on anything in the ONLINE ADVISOR, or for assistance with any of your tax, business, or financial strategy concerns, contact our office.