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Financial

Successful Investing Depends on Asset Allocation

Wednesday, 26 December 2012 00:00
It is your portfolio’s asset allocation, broad global diversification, that you must be most concerned about, more than any other investment strategy or determinant—not stock picking, not market timing, not track record investing, and not costs. Brinson, Singer, and Beebower, in their 1996 “Determinants of Portfolio Performance II: An Update” research paper, confirmed their earlier research that more than ninety-one percent of your portfolio’s performance, appreciation, and growth is dependent on asset allocation. This is very important, so I’ll say it again: More than ninety-one percent of your portfolio’s returns come from prudent diversification! Abe and Hatti thought their portfolio… Read more...

Reduce Holiday Spending Stress

Monday, 10 December 2012 00:00
The holidays aren’t happy or wonderful for everyone.  Mary and Jack were stressed. She was crying, and he was visibly frustrated. “Our family’s tradition is to buy holiday gifts for everyone. Tis the season to be jolly—and we want to give, but our giving is causing us financial problems. Every year we feel pressure to buy more gifts. Last year, it took until July just to pay off all our Christmas debt. We couldn’t even afford a summer vacation.” Holidays don’t have to leave you stressed. Giving more expensive gifts is fine, if you can afford them. However, the average… Read more...

You Could Be a Successful Investor!

Monday, 03 December 2012 00:00
Ladies, you could stop worrying about your investments by taking control with three Free Market steps to making better investment decisions. Stop worrying about your money not working hard enough to support your lifestyle, or missing out on the market.   Have you heard about the Free Market Philosophy? It may just change your life! Using the Free Market Philosophy, it may be possible to lower your investment costs and taxes, reduce financial confusion and feelings that you are out of the “financial loop,” and, best of all, eliminate the feeling of having to change your portfolio due to the… Read more...
Do you have health-care or dependent-care (daycare) costs that you pay for out of pocket? Does your employer offer a Flexible Spending Account (FSA)?  If you answered YES to both of these questions then you could be saving money by utilizing your employer sponsored Flexible Spending Account. The advantage to a Flexible Spending Account is the money you put into the account is not taxed. To illustrate the advantage, let’s say in a year’s time you pay for $5,000 in daycare and $2,000 in family medical costs. For this example, assume you pay an income tax rate of 20 percent.… Read more...
In some families, money is a topic spoken of only by the grown-ups and behind closed doors. But cultivating healthy spending and saving habits early-on is critical in an age of credit cards and looming college debt. Here are some tips for growing a relationship of healthy monetary discussion between parents and children: Save for a rainy day. The cornerstone of healthy personal finance is also something many people struggle with: saving money. From the time your kids are old enough to desire toys, books, and other entertainment items, you should teach them how to save for the things they… Read more...
Setting financial goals for your family can feel like an overwhelming, and frankly scary, undertaking. Worse, though, is ignoring that monster in the closet until it’s too late to make a plan for your child’s education or your own retirement. So, you fall in love, get married, and start a family. During this time, there are too many distractions for most families to sit down and map out a plan. After the dust settles, the worry of financial goals usually hits the to-do list. When this time comes, it’s important for you to be part of that process. And keep… Read more...

401K: 10 New Employer Benefits

Tuesday, 27 March 2012 00:00
Recently enacted retirement plan disclosure obligations make regulations for plan sponsors and plan service providers more black and white. Sponsors and providers will benefit from the two fee disclosure rules, put in place in 2012, and in particular, the regulations will reduce the number of problems that come up regarding fees. Business owners that provide retirement packages, like 401K plans, for employees may see these benefits from the fee disclosure rules: Being a better employer. Good fiduciaries are good employers. The new regulations should help them become better at both. They will give plan sponsors a clear path towards optimizing… Read more...

401K Basics

Monday, 12 March 2012 00:00
We lay out our clothes for business trips, we make detailed menus for the week, we schedule doctor's appointments months ahead of time, but are we doing enough to plan for our futures? A 401K plan can provide financial stability after retirement, but what does that mystic number stand for anyway, and how do you know the money you invest is going to be safe? We sat down with Paychex HR Generalist Mary Rankin to get to the bottom of the 401K so you can be at the top of your financial planning game. Read more...
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