As dazzling as a high rate of return sounds to every investor, people need to understand what they’re “hunting” with before chasing certain financial goals, says prominent speaker and financial advisor Jeff Brummett. “A middle-class investor is probably better aiming for a ‘reasonable rate of return,’ which includes consistent, steady growth over a longer period… Continue reading How To Hunt Your Way To Financial Well-Being
Tag: Money
Who Controls Your Retirement Money?
People make a mistake when they feel as though they’ve lost control of their qualified retirement plans – they never had control in the first place, says retirement advisor Mark Cardoza. “Qualified retirement funds – whether we’re talking about an IRA, 401(k), Contributory or Defined Benefit Pension Plan, or a Roth IRA – have so… Continue reading Who Controls Your Retirement Money?
“Successful Aging” Linked to Harmful Drinking Aming Over 50s
Retirement should represent an opportunity to enjoy life after decades of hard work and saving. But it doesn’t always turn out that way, even with people who saved wisely, says Gary Marriage Jr., CEO of Nature Coast Financial Advisors (www.naturecoastfinancial.com). Maybe it’s because of worries that those savings won’t last. Or maybe it’s just an… Continue reading “Successful Aging” Linked to Harmful Drinking Aming Over 50s
How Money Wise Are You?
Women control half of the wealth in the United States, yet studies have shown that many of them are convinced they are lacking when it comes to understanding finances. Too often, in their eyes they aren’t capable of making prudent investment decisions. But that’s simply not true. I want to change that mindset. A lot… Continue reading How Money Wise Are You?
The Top 3 Financial Concerns of Boomers Approaching Retirement
The number one financial concern of baby boomers nearing retirement is not being able to maintain their current lifestyle throughout their golden years, reveals a new survey by one of the world’s largest independent financial advisory organizations. The second biggest worry is not being able to stop work when they want to; and the third… Continue reading The Top 3 Financial Concerns of Boomers Approaching Retirement
Why Becoming Your Own Health Advocate Can Save Your Money and Your Life
As a pharmacist, I’ve seen many patients from all ages and walks of life—rural communities, large metropolitan areas, wealthy, low-income, Spanish-speaking, non-English speaking, multi-racial, multi-cultural—you name it. And while I’d noticed some differences between these groups, one day I realized that there was one thing that united them all: Many of these people – patients—were… Continue reading Why Becoming Your Own Health Advocate Can Save Your Money and Your Life
Is Your Financial Advisor Missing Something?
There are plenty of good folks serving as financial advisors, says Mark Roberts, ChFC, FIC, who has worked in the industry for more than two decades. “Many of my colleagues form pleasant relationships with their clients and seem to really care about the client-advisor professional relationship. Unfortunately, that’s not enough,” says Roberts, who founded Affinity… Continue reading Is Your Financial Advisor Missing Something?
Is Retirement Cancer of the Soul?
Is retirement the American Dream? Or the promise that those now under forty will never see fulfilled? Or is the problem definitional in that the word itself may mean one thing to you and something entirely different to your neighbor? Exactly what do we mean when we talk about the dream of retirement? Although there… Continue reading Is Retirement Cancer of the Soul?
Are Your Long-Term Care Needs Covered?
There’s a tendency to give a silent cheer any time the average life expectancy grows a little longer. But long life also has its downsides. “Not everyone will spend all of their retirement years being active and doing all the fun things they planned,” says Mark Cardoza, author of the book “Positioning 4 Retirement” (www.positioning4retirement.com).… Continue reading Are Your Long-Term Care Needs Covered?
Don’t Let These Financial Blunders Leave You with An Empty Wallet
To err is human, but when mistakes affect your pocketbook it’s not exactly divine. Don’t feel alone if you’ve committed a financial blunder, though. Two-thirds of Americans have made a significant money mistake somewhere along the way, says Jim Chilton, founder and chief executive officer of the non-profit Society for Financial Awareness (www.sofausa.org) “One thing… Continue reading Don’t Let These Financial Blunders Leave You with An Empty Wallet
Avoiding a Government Head Fake on Retirement Savings
A government rule on retirement savings may be tricking retirees into looking at their financial situations all wrong, says a financial advisor who specializes in retirement planning. The rule says retirees can’t leave money in their IRA or 401k accounts forever. At age 70½ they must begin making minimum withdrawals, even if they prefer to… Continue reading Avoiding a Government Head Fake on Retirement Savings
Medical Costs and Retirement: The Facts
“Growing old ain’t for sissies.” – Bette Davis Ms. Davis was right. Between the stiffness, sore joints and pains that come with growing older, aging can get pretty rough. The golden years should be a relaxing time to enjoy life and play with the grandkids. Unfortunately, because of health-care costs and poor planning, too many… Continue reading Medical Costs and Retirement: The Facts
5 Mistakes That Can Torpedo Your Finances
The investment world comes with such a maze of options and pitfalls that it’s little wonder people routinely become entangled in monumental and costly mistakes. Tax implications lurk behind nearly every move. Investment risks vary from negligible to moderate to great. And it’s not just a matter of making the right financial decisions. It’s making… Continue reading 5 Mistakes That Can Torpedo Your Finances
4 Tips For Creating Your Financial Legacy Now
Many Baby Boomers are leaving their life’s work to chance, Half of all Americans with children do not have a legal will, according to an extensive survey done by the legal service RocketLawyer. “While the survey was conducted in 2012, the attitudes Americans have on inheritance and legacy matters tend to remain static through the… Continue reading 4 Tips For Creating Your Financial Legacy Now
5 Steps Women Can Take to Control Their Financial Future
When it comes to women and money, there is some good news, says Lance Drucker, ChFC, CLU, a veteran financial professional. On average, women are more independent and financially literate than ever before, he says. On the other hand, Prudential’s eighth biennial study titled Financial Experience & Behavior Among Women recently revealed that women are no… Continue reading 5 Steps Women Can Take to Control Their Financial Future
Five Crucial Steps to Take Before Retirement
Randy and Todd Martin are a father and son team who, after working together for more than 18 years, decided to write a brief, easy to understand book, Realistic Retirement for Realistic People, explaining a process to follow for those contemplating retirement. “Retirees need to consider how social security, investments , taxes, pensions, health care… Continue reading Five Crucial Steps to Take Before Retirement
The Power of Writing Down What You Want
What do you really want? With our busy lives and the stress of working, making a living, caring for others, and getting older, some people feel like they’ve totally lost control of their mind and body. They operate entirely at other people’s bidding. Many feel like they’ve hit a brick wall trying to change their… Continue reading The Power of Writing Down What You Want
Health Care Costs Can Harm Cancer Patients
Financial stress related to medical cost can affect the health of cancer patients, even those who have finished their treatment. The finding, by researchers from Duke University, was published in the Journal of Oncology Practice. It builds on earlier research from Duke Medicine that has analyzed “financial toxicity” from cancer care. “Our focus has been… Continue reading Health Care Costs Can Harm Cancer Patients