Even the super-wealthy have some investing regrets. Some 27% of investors with at least $1 million in net worth said their No. 1 investing mistake before working with a financial adviser was a failure to diversify their portfolios properly, according to a survey of 652 clients of the financial advisory firm deVere Group in the …
This Week’s Must Read
The vast majority of Americans want to remain in their homes throughout retirement, but a new study finds that 8 in 10 drastically underestimate the cost of getting the in-home help that many will need to make it possible. Read the rest of the story.
File and suspend and restricted application are going away, but there are still strategies you can use to increase your payout. Read the rest of the story.
Financial regrets. We’ve all had a few. But there’s a big difference between making an impulse purchase that you second-guess the morning after and making a major decision about your money that could haunt you for a lifetime. Read the rest of the story.
Retirement is a major accomplishment. But you also have to decide what to do next. While the new found freedom is exhilarating, many people don’t know what to do with themselves in retirement. Read the rest of the story.
Homeownership has long been held up as the epitome of the American Dream. And for some people it has been. In other cases, the decision to buy a home can be a financial nightmare – they didn’t call that home-renovation movie “The Money Pit” for nothing. Read the rest of the story.
We hear it over and over: “Debt is bad! Don’t get into debt!” But while we know this, many of us don’t listen. I don’t know why. Even I knew better and lead myself down a path of financial ruin. (Thankfully, I’ve recovered and won’t allow it to happen again) Read the rest of the …
As a financial planner, one of the most common questions I am asked is “How much money should I have saved?” or “How far behind am I in saving for retirement?” My answer? It depends. Read the rest of the story.
When it comes to personal finance, honesty is the best policy. Be honest with banks, be honest with your family, but most of all, be honest with yourself. It’s a frequent occurrence that people find themselves in financial trouble because they weren’t honest about their money situation. But recognizing the most common lies is one …
The majority of Americans don’t think they are saving enough and are worried their savings won’t last as long as they do. Read the rest of the story.