Save

Save

Save

A Community for the Influential & Professional Woman

Financial

Personal Finances and Personal Commitment

Tuesday, 04 March 2014 00:00
Personal finances. Ugh! If you’re like me, you’ve viewed managing your finances as a chore and your least favorite thing to do. Neglecting this area of our life can cause financial strain, which leads to stress and conflict and feeling out of control. In December, I made a commitment to take control of my finances by learning how to budget and get out of debt. I enrolled in Dave Ramsey’s Financial Peace University, a nine-week course that promises to teach me how to get rid of debt, manage my money, and spend and save wisely. Read more...

Countdown to Retirement

Tuesday, 21 January 2014 00:00
 As your retirement approaches, you’re bound to have concerns about the changes ahead. Why not put your mind at ease by taking steps to take charge of your new financial reality? In addition to working with a financial advisor to manage your financial affairs, be proactive with the tasks that are within your control to help make a smooth transition to retirement.  Read more...

Who Do You Trust?

Monday, 16 December 2013 00:00
Jim, already retired twelve years, had owned his own welding business. Terry, his wife, ran the household. When we met with them, they pulled out their investment dividend records, as Terry recorded each check they received.   The first meeting was to learn about their existing investments. After three hours, we finally had a net worth statement, but it was like pulling teeth as they had never told any one person about all of their investments. No previous advisor ever saw Jim and Terry’s big picture, as they worked with four different brokers and had twenty-three different investments. During our… Read more...

Countdown to Retirement

Tuesday, 03 December 2013 00:00
As your retirement approaches, you’re bound to have concerns about the changes ahead. Why not put your mind at ease by taking steps to take charge of your new financial reality? In addition to working with a financial advisor to manage your financial affairs, be proactive with the tasks that are within your control to help make a smooth transition to retirement.  Here are three recommended activities to complete over the course of the year leading up to your last day in the workforce: Get a handle on your expenses. Your retirement spending habits will go a long way toward… Read more...

Pay You First

Monday, 28 October 2013 00:00
Who will pay for your retirement? Statistics show that you must plan on providing for seventy-five percent of your retirement income from your savings or investments. Be a smart investor; don’t plan on receiving any government help! Plan to cover one hundred percent of your retirement expenses. Would it be easier to retire if you were a millionaire? How about a multimillionaire? Anyone can become wealthy. However, the younger you are, the easier it is! Starting young is very important. We encourage you to help your youngest relatives and friends to become aware and successful investors. Have no idea how… Read more...
The U.S. Federal Reserve and central banks around the world responded to the 2008 financial crisis by keeping key interest rates at or near zero. But as the economic recovery gains steam, there are signs that rates are on the verge of rising. Given this environment, investors may want to position their portfolios by using a defensive, yet tactical, approach that could help limit the downside while seeking to provide a decent stream of income and return potential. Reduce portfolio duration. Duration is a measure of interest rate sensitivity, representing the percentage change in a bond’s price given a one… Read more...

Investing Basics: What Are Your Options?

Tuesday, 08 October 2013 00:00
Many people believe that the only options in their Individual Retirement Account (IRA) are account type and which publicly traded stocks to choose from. We all want to see our investments grow. With the turbulent market over the past decade, unfortunately, many people watched their retirement funds take the biggest hit of all. Investing basics tell us that it takes knowledge of the market and current market trends to see the greatest gains. But we now realize there are far more variants that could derail even the most well-researched investment.  Traditional brokerage firms have dealt with this, but the reality… Read more...

Gold: Wear It. Don't Invest in It.

Tuesday, 01 October 2013 00:00
Gold, silver, platinum, and other precious metals are beautiful on you, but they don’t make good investments, according to Maria J. Wordhouse Kuitula and Phyllis J. Veltman Wordhouse, Free Market Wealth and Stewardship Coaches. Read on for their take on the pitfalls of investing in gold.  Have you seen or heard the many advertisements promoting precious metals? They all talk about the past fifteen years. Do you want to invest in something that only has a good fifteen-year track record? Look at the long-term returns on gold: Since 1926, the World Gold Council reports gold returns have been only about 5.3%;… Read more...
Rolling a 403(b) or 457 plan account into an IRA could be worth consideration for many retirees. Making a switch may provide access to greater investment flexibility, portability, and the value of professional management during retirement. If you're about to retire—or have already recently retired—you have an important decision to make about the money in your 403(b) or 457 plan account: Do you take a lump-sum distribution, or roll it over? If your plan allows it, rolling over your account into an IRA may prove beneficial to you for a number of reasons.  More investment options. 403(b) and 457 plans… Read more...

Before You Write Your Will

Tuesday, 27 August 2013 00:00
Writing a will is not as simple as it sounds. For most people, it requires important decisions on how to divide assets, who to select as an executor and beneficiaries, what to do about amounts owed by you and debts owed to you, and how to adequately provide for children, among other considerations.  Preparing a will is one of the most important steps you can take in managing your finances; yet for many people, it is something they would rather not face. However, if you die intestate (without a will), state law will apply and determine how your assets are… Read more...
Page 3 of 6

 

Save

Save

Save

 

Save

Save

Save

 

Save

Save

Save