Investment markets, like Michigan’s weather, can have beautiful days and downright dreary days. While we all hope for mild temperatures and sunny skies, the clouds will eventually roll in. But with proper planning and an eye on your long-term goals, you can position your portfolio to weather various market conditions. Know What You Can Control… Continue reading
What Emergency savings accounts are an important part of any financial plan. The purpose of these accounts is to cover or offset unforeseen financial emergencies. Such emergencies can include car repair, medical expenses, or even employment termination. Your account should ideally be separate from your primary savings account. This helps reduce the temptation to spend… Continue reading
Should you make it a priority to retire your debts before you retire? As with other aspects of your financial planning, the answer depends on your personal goals and situation. A debt-free retirement is a goal for many Americans if for no other reason than the peace of mind it can bring. Among retirees surveyed… Continue reading
Navigating the world of investments can prove difficult. It’s easy to get overwhelmed, lost and frustrated with the process. But the sooner you understand the process, value, and importance of investing, the more likely you are to achieve financial security in the future. Here are some tips you should consider to help ease the investing… Continue reading
Ever felt trapped by your growing amounts of debt? It can accumulate fast and leave you in a deep financial hole. The more debt you have, the harder it may feel to achieve financial stability. By understanding the categories of debt, you can learn how to put a repayment strategy in place. There are four… Continue reading
Buckle Up Investing is comparable to a roller coaster ride. It’s filled with ups and downs and can appear overwhelming at times. There will be moments of thrill and moments of fear. Your decisions during the process will impact your financial wellness and retirement readiness. Wherever you’re at in the ride, there are important considerations… Continue reading
Most of us will be on a fixed income once we retire. In addition to any pension or social security benefits we might receive, we will need to determine how much to pay ourselves out of our retirement savings account. Retirement industry experts recommend planning to be able to replace 80% of your pre-retirement income…. Continue reading