Retirement is a crucial stage in everyone's life, and it's essential to prepare for it in advance to ensure a comfortable and stress-free future. Retirement planning is more than just saving for the future, it's about preparing for a significant change in lifestyle and financial circumstances.
Whatever generation you are in, this is one of the most challenging times to be saving for retirement. Boomers, Gen-Xers and Millennials alike have struggled to sock away money due to the recession, rising costs of living, falling pensions, and most recently, the pandemic.
This is a tough time to be a small business owner. Over the past few months, small businesses have suffered because of COVID-19. Now, civil unrest is adding little fuel to the fire. If you have found your business already in the thick of things, you know exactly what the impact of social unrest can be for small business owners and employees.
In this unprecedented situation, what can you expect the impact of reopening the economy to be? There are no certainties right now, and it is difficult to make predictions. But let's take a look at what some experts have said to try and get a feel for where we might be headed.
How important is it to get a financial advisor? Is it worth it to pay an advisor, or are you better off going it alone? Trying to manage your money completely on your own can be tempting. But following are a few reasons why a financial advisor’s services can be indispensable.
It can be a challenge to navigate the world of investments and retirement accounts on your own. A skilled financial advisor can answer your questions, help steer you around pitfalls, and point you toward opportunities you might not otherwise have identified.
Whether you are saving up for your golden years or you are now entering retirement, where you choose to park your money will determine a great deal about your financial present and future. What are your options? Let’s go over some ideas for parking your money conveniently, securely, and profitably for retirement.