10 Painless Financial Resolutions You Can Actually Keep

Happy_New_Year_v5

A new year is a time for self-improvement and renewal. Where bad habits and regret are cast aside and replaced with virtuous activities that are intended to make us better human beings. Good intentions and optimism may carry the day and help some attain their goals of better health, greater wealth, or a host of other desirable outcomes. The odds, however, are stacked in favor of inertia with more than 80% of new year’s resolutions failing by mid-February. Continue reading

Advertisements

Planning for Required Minimum Distributions

Nov blog post image

Tax deferral is a powerful wealth-building tool, enabling individuals to delay paying taxes on their investment earnings and allowing more of these earnings to compound over time. But unlike diamonds or that cast-iron skillet that you inherited from your grandmother, tax deferral doesn’t last forever. Planning for required minimum distributions (RMDs) is an important part of a sound retirement income plan. Continue reading

Asset Classes & Why They Matter

bofa-asset-quilt-returns-1

Investors are often told to diversify their portfolios using different categories of investments to achieve this objective. And while the concept of diversification can be explained in terms that are easy to understand- don’t put all of your eggs in one basket- how to structure a portfolio of multiple assets with different risk and return characteristics can be confusing. To demystify this medley of investments, take some time to familiarize yourself with the characteristics of the five most commonly utilized asset classes. Understanding how each one works in isolation can help you to create a portfolio that behaves like a symphony, and not a garage band. Continue reading