Page 10 91 - 100 of 107
How Might Taxes Have an Impact on Your Financial Plan?

Financial planning is not an exact science. Plans are best when they are flexible and frequently reviewed for needed changes. Sometimes you may need to change in response to external conditions, while at other times, you may want to change your plans because of changes in your circumstances. Either way, continuous review and updating are part of a good planning process.
What Role Does Insurance Play in Financial Planning?

Insurance is a word that covers a lot of ground—people may insure their vehicles, homes, other possessions, their health, their faces, and, of course, their lives. You may not need to insure the continued appearance of your hands or face (unless you make your living as a model). Still, there are several types of insurance coverage that almost everyone should incorporate into their financial plan, according to the experts:
Family Financial Planning: What You Need to Consider

Family financial planning includes establishing shared goals, communicating intentions, and creating a strategy for accomplishing the desired outcome. Planning can be as simple as a family budget or as involved as a family office. Naturally, the more substantial the wealth, the more detailed the planning will need to be. But every family can benefit from discussing their goals and plans, the strategies they employ, and even the philosophy that guides their investment decisions.
What Is a Turnkey Asset Management Program?

Financial advisors and asset managers often turn to Turnkey Asset Management Programs (TAMPs) to help them manage clients’ accounts.
What Are The Components of a Financial Plan?

A financial plan can be an essential element of financial stability and helping you reach your financial goals.
What Is the 50/30/20 Budget Rule?

Creating a budget – and sticking to it – are fundamental elements of managing your personal finances.
What Is the Rule of 72 in Finance?

There are many different formulas investors can use to determine how their money will grow over time.
What is a 60/40 Asset Allocation?

Asset allocation can mean various things, depending on the context. Typically, a long-term allocation might be set at sixty percent stocks and forty percent bonds when discussing an investment portfolio. This ratio was thought to balance risk while still seeking growth. The stock holdings would be likely to grow over time, while the bonds could provide a cushion if the anticipated growth did not occur. Barron's reports that this mix has returned an average of nine percent over the long term.
What Does Recession Rich Mean?

Recessions are part of a normal business cycle, but that doesn’t mean anyone wants to experience one. Forbes explains that a recession is “a significant decline in economic activity that last for months or even years.” 1 Typically, a recession is marked by declines in productivity, increases in unemployment, and reduced retail sales. The National Bureau of Economic Research is generally accepted as the expert on defining a recession's starting and ending point. It has been flexible in identifying the cycle instead of requiring a specific number of months or quarters of contracting output. The Bureau may recognize a recession even if the downturn is interrupted by transient increases (as is the case with a W-shaped recession, for example) if the overall trend for a sustained period is lower.
How Can I Find a Certified Financial Planner?

Managing wealth, investing, retirement planning and other important financial decisions can be extremely complicated even for highly experienced financial professionals. For novice or retail investors, these important investment financial decisions can be especially daunting, since any serious missteps could lead to a significant loss of capital.
Page 10 91 - 100 of 107