Target-date funds are a popular retirement investment strategy, but there is a lot of confusion about how they work. This article will clear up some of the basics and help you decide if target-date funds are right for you.
How to Stretch Your Dollars in the Face of Inflation
Inflation reached a 40-year high in the United States in 2022 and we are still feeling the effects in October 2023. The year-to-date inflation rate in the United States was 5.9% through August 2023. That's almost double what inflation averages historically.
Managing your money is an ongoing journey with various stages throughout your life. By empowering yourself with knowledge, you've taken a crucial step. Now, take action and prioritize your financial well-being.
How to Achieve Your Goals
The beginning of the year is that time where we tend to feel refreshed and I take time to looking at my goals through this eager lens as a means for me to stay focused and continue to move forward. In addition to reviewing my already established goals, I take some time to write down anything that is not on my list. Studies show that we are 42% more likely to achieve our goals if we write them down. In addition to that, one of my favorite passages in the Bible is Habakkuk 2:2-3.
The Hidden Fees of Working from Home
Facing the Fact that You May Not Be Able To Pay Your Mortgage or Rent (Coronavirus Part 5)
Many people world wide are facing reduced hours or have been laid off from their jobs completely. Shelter and food are a basic necessities. What do you do if you can’t pay your mortgage or rent?
It is best to address things as soon as you are aware that there may be an issue. This gives you more time and potentially more options. Find out what resources are available to you before your rent or mortgage payments are actually behind.
Retail Therapy: It's Not Really Therapy If It's Hurting You (Coronavirus Part 4)
I know it’s tempting to shop your heart out online while we’re quarantined, but pump your breaks and maintain a social distance from online shopping.
Take a moment and identify what you do not have in your closet or home that you truly need. My guess is that list is very short. Do yourself a favor and use what you already own.
Put Yourself in a Position to Soar Once This Crisis is Over (Coronavirus Part 3)
Stretch IRAs: A Way to Avoid Taxes & Create Generational Wealth
In order for this strategy to work, we have to increase the financial literacy within our families and communities. We must be aware and also make the next generation aware of the tools that can be in their toolbox. Take a few minutes to share this article with someone who will benefit from what you just learned.
Using IRAs as Part of Your Tax Planning Strategy
We aim to share strategies that are designed to help individuals increase their net worth, increase the value of their estate, and ultimately build generational wealth. Achieving any goal starts with a plan and tackling it strategically. Our financial goals are no different. Tax planning is one aspect of personal finance that we need to keep in mind on the way to hitting our targets.