For most of our working lives, we developed a decades-long discipline to save for important life events....buying a house, kids, college and of course, retirement. Those who have reached this watershed moment often tell me how difficult (and weird) it is to shift to a spend it mindset! Creating a paycheck isn't difficult, it just takes some time and planning!
To most investors the differences between an ETF and mutual fund aren’t readily apparent. They both hold selections of individual investment securities; however, there are important distinctions in how they are constructed and how they trade. Selecting one over the other depends on several factors including time horizon, tax considerations and investment strategy.
Here is a simple truth about money: In order to get where you want to go, you have to know where you are.
When it comes to personal finance, knowing "where you are" means tallying your net worth (what you own minus what you owe) and calculating your cash flow
The Secure Act (Setting Every Community Up for Retirement Enhancement) is the broadest piece of retirement legislation passed in 13 years, in an effort to address the alarming fact that 25% of Americans have no retirement savings at all. It may appear at first glance that many of the provisions may not have a direct effect on your situation. However, there can be tax, estate planning and income planning considerations.
Change is guaranteed. This may happen more frequently as our parents age. What to do? How to plan? Here are three suggestions from our clients experiencing transitions first-hand as well as a timely checklist.
What happens when retirement is unexpected? Often the best intentions go awry....life happens and one is required to pivot. Meet Sally and Harry, our resilient baby boomers as they confront life plans that went sideways and how they moved forward and thrived.
Looking at these beautiful trees is truly a gift. We are blessed to have the abundance of natural resources to experience, use, view and enjoy. Many of our clients have expressed an interest in sustainable investing as a complement or alternative to their existing portfolio. What is sustainable investing?
There is a well-documented language barrier in the investment world that intentionally or unintentionally keeps people out. We believe that great client experiences include user friendly language for better understanding and more satisfying conversations. Asset allocation is one of the "basics" and is the recipe for your investing strategy.
"While it may be difficult to remain calm during a substantial market decline, it is important to remember that volatility is a normal part of investing." Read more from Dimensional Funds Advisors LP*...
Would you build a house without architectural plans? Would you take an extended road trip without GPS? Yet we often invest our money without a strategy (roadmap) in mind. When we generalize goals over longer time horizons, we have no idea if they are realistic or if we are on track to accomplish them in a time frame that we have in mind. Instead we live in fear that things won’t work out the way we hope they will. What’s wrong with that?
Jenifer Aronson is the Founder of Mosaic Fi.