Tuesday, October 22

Tag: Financial Planning

What Kind Of Financial Planning Should One Do For Next Year?
27Dec By adminNo Comments
Business

What Kind Of Financial Planning Should One Do For Next Year?

Reported By: Aditya GoelaLast Updated: December 16, 2023, 11:22 ISTLet’s talk about how you can make 2024 a year of smart financial decisionsAs the New Year approaches, it's the perfect time to get your financial ducks in a row.As the New Year approaches, it’s the perfect time to get your financial ducks in a row. Let’s talk about how you can make 2024 a year of smart financial decisions, in a way that’s easy to understand and even easier to implement.Step 1: Secure Your Safety Net with InsuranceFirst things first, health insurance isn’t just a good idea—it’s a must. It’s the safety net that keeps you from falling during tough times. Make sure every member of your family is covered. And for the breadwinners? Life insurance is key. A good rule of thumb? Your life insurance cover should be...
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Where Is the Stock Market Headed? Big Money Pros Weigh In.
27Oct By adminNo Comments
Money

Where Is the Stock Market Headed? Big Money Pros Weigh In.

This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook is uncertain, the U.S. government has been in turmoil, and wars and conflict are spreading across the globe.This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook is uncertain, the U.S. government has been in tur...
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Divorce Is Complicated, Especially for the Rich. 7 Smart Tips From Money Pros.
21Sep By adminNo Comments
Money

Divorce Is Complicated, Especially for the Rich. 7 Smart Tips From Money Pros.

Divorce is never pretty, but it can be even uglier—and prolonged—when significant assets are at stake.The average time to get a divorce is a year, according to a 2019 study by Martindale-Nolo Research. But 13% of respondents had to wait over two years before their divorce was final, the report found. And that’s conservative by some estimates. Some advisors say they have seen divorces drag on for five to eight years or more when assets are particularly complex or couples can’t agree on child custody or other particulars. “For anything that has to do with dollars and cents, the more wealth there is, the more complicated everything is,” says Lauren Cosulich, a partner with Summit Trail Advisors in Boston. Here are seven tips for getting through complicated divorces: Set realist...
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10 Lessons on Life and Money Learned the Hard Way
26Aug By adminNo Comments
Money

10 Lessons on Life and Money Learned the Hard Way

About the author: Jonathan Clements is the founder of the personal finance website HumbleDollar. He spent almost 20 years at The Wall Street Journal, where he was the newspaper’s personal-finance columnist, and six years at Citigroup, where he was director of financial education for the bank’s U.S. wealth management arm. Read a section adapted with permission by Harriman House from My Money Journey: How 30 People Found Financial Freedom—And You Can Too. It was year-end 2007. I was about to turn age 45. I was in an unhappy relationship I didn’t have the courage to end. I was coming up on my 1,000th Wall Street Journal column. I wondered how much longer I could keep it up before my articles descended into repetitive blather. My amateur running career—a source of pride for a o...
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