Writing a will is one of those things that you know you ought to do, but many of us try to avoid. A will is the way you authorize the transfer of your assets to your spouse, children or others after your death.
A will is not a one-and-done exercise, because life doesn’t stand still. Circumstances change, and when they do, you’d best update your will or risk unintended consequences.
The employer-sponsored 401(k) has largely replaced the company-funded pension plan as the primary source of retirement savings for most Americans. Unlike a pension, however, 401(k) benefits are not automatic. Employees must choose whether or not to participate and then decide how much to contribute and how to best invest their contributions.
Risk tolerance is a term you may have heard about when determining your investment strategy. While you might picture activities such as rock climbing or jumping out of an airplane when you think of risk, it has a different meaning when it comes to investing.
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