Financial Confidence Is on the Rise, But Financial Stress Still Looms

experian study - financial confidence on the rise

Financial Confidence on the Rise

A newly released personal finance study by Experian shows that people are feeling more optimistic about their financial futures, but their confidence is limited by concerns about funding their retirements and how much debt they are carrying.  Continue reading…

5 Financial Tips When Starting a New Job

New Job Financial Tips

So, you’ve landed a new job. Congratulations! Not only does a new job often mean a bigger salary, it’s also a great time to level up your financial planning. We’ve got five tips to help you get the most out of your bigger paycheck and your personal finances right now.

1. Create or Update Your Financial Plan

If you’re one of the 30% of people who already have a financial plan, a new job is the perfect time to revisit it and reassess to ensure everything’s up to date. However, if you’re like most people and don’t have a plan yet, seize the opportunity. A new job is an ideal time to set some financial goals and create a plan to achieve them. Continue reading…

Why I Don’t Like Annuities – Advisor Insights

Why I Don’t Like Annuities

I do not like annuities. There I said it. Can this really be true? Yes, but, it is probably best to clarify by stating that I find some types of annuities acceptable if they are used appropriately within a plan to safely allocate risk across the total of retirement assets available to a client. I find objection when the annuity proposed is not suitable to the client and his/her needs or if it is intended to replace rather than to diversify a well-conceived retirement asset allocation plan.  Continue reading…

How to Start Saving 10% for Retirement Without Psyching Yourself Out

Start saving 10 percent of your income now

Saving 10% of Your Income

The most-fundamental question in personal financial management is not “where should I invest?” But rather, “how much do I need to save to reach my financial goals?” The amount of money you save provides the foundation for nearly every financial decision, from what type of house you can afford to whether you will outlive your money in retirement. Continue reading…