education
Why Diversify?
Submitted by The Participant Effect on March 11th, 2019
Diversification is at the heart of a sound investment plan. An effective diversification plan helps manage risk by spreading funds across various asset classes and types of investments. The reasoning behind this strategy is that market conditions can affect each type of asset differently — through diversification, losses in one area can be offset by gains in another.
Five Tax Tips
Submitted by The Participant Effect on March 7th, 2019
The Tax Cut and Jobs Act, enacted in 2017, made major changes to the tax code that could have a significant impact on your bottom line.
3 Ways to Save for College Explained: Prepaid Tuition Plans, 529 Plans and ESAs
Submitted by The Participant Effect on February 13th, 2019If Only … Retirement Regrets
Submitted by The Participant Effect on January 29th, 2019
Regrets can be hard to live with: I wish I hadn’t eaten that banana split; I wish I’d bought that sweater when it was on sale; or I wish I learned to speak French. But these are all mild regrets compared to what you’d feel if you didn’t make the best choices for you and your family when preparing for retirement.
Loss Aversion: Fighting the Fear
Submitted by The Participant Effect on January 29th, 2019
Loss aversion sounds like a good thing — trying to avoid losing. What could be wrong with that? Unfortunately, if taken too far, it can actually be a threat to your long-term financial health. Loss aversion is the tendency to prefer avoiding potential losses over acquiring equal gains. We dislike losing $20 more than we like getting $20.
What Age Should You Retire?
Submitted by The Participant Effect on January 29th, 2019
When we think retirement age, 65 is often the first number that comes to mind. But that doesn’t mean it should be your final answer. While it’s often a starting point for consideration, there are several factors that could make another age a better choice for you. Here are eight considerations to keep in mind when making this very important decision.