You might be navigating the challenges of paying off student loan debt, establishing yourself in a new career, buying a home, or having a family. Working with a financial professional may help get you out of debt faster, save for important goals, or get a head start on retirement. Take control of your health, negotiate your salary, figure out your financial goals, eliminate your debt, and protect your credit.
One of the worst decisions may be the failure to enroll in a 401(k) plan. Not only do non-participants miss out on one way to save for their retirement, but they also forfeit any potential employer-matching contributions. Whatever your situation, your retirement investments require careful attention and may benefit from deliberate, thoughtful decision-making. Your retired self will be grateful that you invested the time … today.
Before you send your kid to college, get a head start on college savings, look into applications for student financial aid (such as FAFSA), have conversations with your children about managing money, then utilize strategies for managing student loan debt. By consulting with us and planning ahead, you can help tackle the financial obstacles of your child's higher education – and smooth the way for them to pursue their dreams!
US credit card debt has reached a record high. Some smart credit card strategies to help you pay down your debt and start taking control of your financial future include the following: determine how much you can set aside each month to pay off your debt, put more of your repayment budget toward those high-interest debts while making minimum payments on the others, balance transfers can help you consolidate your credit card debt and save on interest, and freeze your credit cards and commit to using cash or a debit card for your purchases.
Mothers see their lives change over time, just as you may have seen your mother transition from looking after you to taking a job outside of the home, or even running a business. What are some ways you can protect your retirement savings and other financial assets? Women have longer average life expectancies than men and can require significant periods of elder care. With a clear understanding of where she stands financially, a mother may evaluate her investment and wealth management options and take steps toward the next phase of life with some confidence.
Are skipping on small expenses really the key to reaching your retirement goals? If retirement is your goal, then acquiring multiple methods for building wealth is necessary. Retirement savings accounts, such as a 401(k) or IRA, are a great way to save for retirement without greatly reducing your quality of life today. In addition to being ineffective, excessive frugality can increase stress. Instead, building wealth will help you prepare for retirement and help limit the anxiety created by money.