Many forces affect our financial health: some within our control, and others outside it (like interest rates set by the United States Federal Reserve System). As interest rates are raised to combat inflation, you'll begin feeling it on larger purchases like cars, furniture, and home expenses. Though these rates aren’t in your control, you can prepare for the changes they bring.
Women are more vulnerable to financial insecurity because they typically live longer, have more breaks in their employment and earn less. Making the right financial decisions is therefore crucial for all women, from Social Security to the rest of their retirement planning. Technically speaking, Social Security is gender neutral.
Some life transitions, such as a career change, are planned. Others, like job loss or divorce, can be sudden and unexpected. These situations often create concerns about money and your changing lifestyle. One way of dealing with this insecurity is to determine your financial staying power, which projects how long your financial resources can last during times of transition.
You have a great life insurance policy—but is it still up-to-date? To protect you from future uncertainties, your policy shouldn't run on autopilot. As circumstances and needs change, monitoring your policy will ensure you achieve your desired objectives. In this post, we’ll be covering key questions that every policyholder should ask themselves each year.
Maybe you’ve been saving for a few years, started a new job with a sizable bonus, or come into money unexpectedly. You’ve got money to invest, but you’re not sure where to start. There are many questions to answer: should you invest all at once, or contribute to an account over time? How many different types of investment assets should you use?