One often-cited guideline for determining asset allocation when planning for retirement is that you should subtract your age from 100 to find the percentage of your investment portfolio that you should keep in stocks. For example, it suggests if you're 40, you should keep 60% of your portfolio in stocks.
While the cost of nuptials has held steady over the past few years, too many couples are planning to borrow to cover the cost. Here’s how to avoid the debt trap.
It’s the biggest purchase most people ever make, and with good planning and some preparation, it can be a solid financial move.
Saving for a secure retirement can often seem like a daunting task. But when you have even loftier goals it can feel near impossible. What would it take to become a millionaire, or even a multimillionaire? Would you need a big inheritance, some luck when playing the lottery? Do you need to spearhead a super-successful tech start up? Or become a doctor or a lawyer?
It’s an age-old question: Can money buy happiness? The answer, it seems, is not straightforward.
Can you believe that half the year is already gone? It’s time for a midyear financial checkup to make sure you’re on track to meet your retirement and other financial goals. This is a great time to set up an appointment with your NFP financial advisor or just take the opportunity to review some of the following areas of your financial wellness plan on your own.
After years of thrilling entertainment, the Avengers saga has finally come to a close in a truly spectacular and thrilling fashion. With the ultimate battle waged, we can only hope that our favorite superheroes head off to a well-earned retirement. If so, we hope that they’ve prepared well for their respective financial futures since there’s probably no Avenger pension plan.
While hitting the links or traveling the world are common retirement goals, so is a greater focus on charitable giving. And retirement can open up a world of possibilities to that end.
When planning for retirement, we typically focus on things like asset allocation, 401(k) performance, Social Security and the like. However, there are many nonfinancial aspects to preparing for this exciting phase that can greatly impact your quality of life. Here are some tips and strategies for a happy, healthy and well-rounded retirement.
Full retirement age (FRA) for Social Security benefits is currently between 66 and 67, depending on when you were born. Benefits are determined based on your 35 highest years of earning on record with the Social Security Administration, but will be higher or lower depending on when you file. If you file at FRA, you’ll get your full monthly benefit.
Perhaps you’ve lost a job, faced an illness or have been delt a family crisis that emptied out your emergency fund. What are your next steps?
You’re eyeing center-hall colonials in your neighborhood and dreaming about the garden you want to plant in the backyard and all the holiday celebrations you’ll host. You’ve saved toward this goal and think you’re ready to pull the trigger. But the real question is: How much house can I afford?
Or is it?
Social Security’s financial cliff is coming closer into view. Experts project that the fund that pays for government retirement benefits through FICA taxes will be depleted within the next 15 years.
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