Resources for Financial Planning
Social Security benefits are a major source of retirement income for most people. Your Social Security retirement benefit is based on the number of years you’ve been working and the amount you’ve earned. This piece explains how your benefits are impacted when you retire early or continue working.
The first step in investing is to secure a strong financial foundation. Saving builds a foundation, after which you may consider setting specific investment goals and a timeline for each. Read on to gain insight into the basics of investing.
By definition, estate planning is a process designed to help you manage and preserve your assets while you are alive, and to conserve and control their distribution after your death according to your goals and objectives. Estate planning techniques are determined by examining many different factors.
Do you have financial goals you want to achieve like owning a home, starting a business, or retiring comfortably? The financial planning process can help you target your goals and develop strategies tailored to your individual needs.
Balancing Investment Choices
The combination of investments you choose can be as important as your specific investments. Consider these asset allocation strategies to balance the risk you take in trying to achieve a targeted rate of return.
Risk Management and Retirement Savings
All investments, even the most conservative, come with different types of risk. Understanding these risks will help you make educated choices in your retirement savings plan mix. Familiarize yourself with the different types of risk and know your personal risk tolerance to help you manage risk in your portfolio.