With the popularity of robo-advisors, are financial professionals still necessary?
No one can predict with any degree of certainty when the next market correction or bear market will occur, or how long it will last. What we do know is that, at eight years and counting, the current bull market has lasted twice as long as the average bull market.
Millennials get a bad rep. Too often does the media say that they’re lazy, unmotivated to work hard, and frivolous with their spending habits. On a weekly basis, absurd articles pop up criticizing lifestyles, going as far as saying that buying avocado toast is the reason so many can’t afford a house… Ridiculous, right?
Most financial planners agree that life insurance is essential for protecting families against financial loss, which is why many recommend purchasing the maximum amount needed at the cheapest cost using a term policy.
So you’ve got your degree, now what? These days, only on television is landing your dream job after graduation a thing that could actually happen.
It stands to reason that, people who manage to get to the gym on a regular basis are generally healthier people. What you may not know is that they can also be wealthier people because they may pay lower premiums on their insurance. Insurance companies are stepping up their campaigns to encourage healthier living and it is paying off for both the insurance companies and their policyholders.
Setting a finance-related resolution in 2022? Here are some ideas to help you stay on track.
It’s no surprise that studies show young adults are not into insurance. There are too many other financial challenges to worry about, such as paying off crushing student loan debt and saving for future goals. Actually, other studies show that younger adults would rather spend their money on such things as travel premium TV streaming services than use it to buy life insurance.
It may be easier to stick to your financial goals if you have a strong investment philosophy in place.
*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither...
Pat does not currently receive any financial support from another parent and there wouldn’t be any upon her death. Her sister and brother-in-law are her children’s legal guardians and would move into her house if she died. Pat felt that their income combined with her children’s estimated Social Security Survivor Benefits would be enough to provide for childcare and basic monthly expenses as long as her debts were paid.
Congratulations Newlyweds! Your fresh union symbolizes a new beginning facing the world. But before the glow of wedded bliss wears, it’s crucial to talk about finances.
