The Generic 60/40 Portfolio May Need an Examination
As the holidays approach, you may be rounding up your finances for the end of the year. If so, one thing you may want to keep an eye on is the design of your financial portfolio. Your portfolio may not be set up with the best possible spread of investments and assets. If you’re using […]
Reexamining the Retirement Investment Portfolio
When talking about retirement financial planning, we often take investment strategy at face value. But what does an investment strategy really consist of? An investment strategy is utilized to help your wealth not only retain its value against inflation but hopefully grow as well. When it comes to retirement, there’s another aspect of income generation […]
Should I Convert My 401(k) To A Roth IRA?
Let’s say you’ve just changed jobs. What are you going to do with your 401(k)? You may be able to convert your 401(k) to a Roth IRA, but is that a good option for you? In this article, we’ll talk about what happens when you make this conversion and give you some examples of different […]
Target-Date Funds: The Backbone of Many Retirement Accounts
A target-date fund is an investing tool, often in the form of an ETF or mutual fund, that adjusts its investment strategy based on how much time there is until the target date. The investments are strategized for long-term growth when you are further away from the target date and strategized for wealth preservation the […]
How Long Can I Keep My Money in My Retirement Account?
In most cases, you can’t actually keep your money in your retirement accounts forever. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old.[1] This is called a required minimum distribution (often shortened to RMD). More specifically, […]
Don’t Forget the Tried-and-True Value of Compounding Interest
If you forgot what compounding interest was, let’s refresh. Compounding interest is the process by which the interest earned on an investment is reinvested so that the initial investment grows over time. It may not seem like it, but compounding returns is a powerful tool that can significantly increase the value of an investment over […]
Simplifying the Differences Between IRAs and 401(k)s
An IRA (Individual Retirement Account) and a 401(k) are both types of retirement savings plans that allow individuals to set aside money for the future. However, there are some significant differences between these two types of plans. One of the main differences between an IRA and a 401(k) is the way that they are funded. […]
2 Reasons to Reassess the Generic 60/40 Model
Starting out your investing journey, you may have been advised to follow the 60/40 allocation strategy. This strategy tells you to put 60% of your portfolio in equities and 40% in bonds or other fixed-income offerings. For decades, this strategy has been revered for its balance, offering high growth potential from stocks and a safety […]
The Value of Creating Art in Retirement
Retirement can be a time of great change and adjustment, as people transition from full-time work to a more leisurely pace of life. For many people, this can be a difficult and challenging time, as they sometimes struggle to rediscover the purpose in their lives. One option that can be particularly rewarding is taking up […]
What You Need to Know about Exchange Traded Funds (ETFs)
On their surfaces, ETFs may seem simple. They offer diversification of assets and are commonly invested in a basket of stocks that aim to meet a certain investment goal. However, there are many key distinctions that make ETFs unique. Understanding the differences between varying ETFs could be crucial to your portfolio. ETFs as Index Funds […]
