Archive - November 2017

1
Financial Literacy: Credit Cards and Holiday Shopping
2
Growth Funds Should Be Part of Your Portfolio
3
Plan for the Future and Invest in the Moment
4
A SIMPLE Kind of Plan
5
A Caregiving Guide for Clients and Advisors

Financial Literacy: Credit Cards and Holiday Shopping

According to U.S. News and World Report, holiday shopping tests your financial literacy. Don’t let the desire to get just the right thing for someone you care about blind you to how retailers and credit card companies find ways to make more money or to how you can save on your purchases.

Black Friday Bargains? Whether you monitor things yourself or you use apps that track prices, make sure you are getting the best price for big-ticket items. The article notes that last year, WalletHub research indicated “…about 17 percent of items were actually more expensive on Black …

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Growth Funds Should Be Part of Your Portfolio

I’ve had some great conversations with clients recently and wish to take this time to explain a bit about growth stocks. In particular growth mutual funds.

 “Send your grain overseas, for after many days you will get a return. Divide your merchandise among seven or even eight investments, for you do not know what calamity may happen on earth.” Ecclesiastes 11:1-2

U.S. growth stocks are certainly one of the seven or eight investments I usually recommend all clients have in their portfolios. By definition, growth stocks make up about half of the S&P 500 index. In fact, about half …

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Plan for the Future and Invest in the Moment

For some of us, the time leading up to Thanksgiving through New Year’s Day is stressful. For others, it is a very busy and active time. Some of us spend so much of this time fretting or trying to accomplish tasks that we don’t really take time to be grateful. It is possible that the fretting is a way to avoid dissatisfaction with your current situation.

In a Forbes column on The Happy Habits of Appreciation and Gratitude,
you can find these words:

“We are so busy planning for the future that we are not aware of the present

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A SIMPLE Kind of Plan

The SIMPLE Plan is a type of retirement account for small businesses that is simpler (ah hah!) to administer and more portable than the 401(k) plans that are more appopriate for larger businesses.  SIMPLE is an acronym (probably a backronym, more likely) which stands for Savings Incentive Match PLan for Employees.

A SIMPLE typically is based on an IRA-type account, but could be based on a 401(k) plan. What we’ll cover here is the IRA-type of SIMPLE plan.  The difference (with the 401(k)-type) is that there are more restrictions on employer activities, and less room for error (as can be …

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A Caregiving Guide for Clients and Advisors

Today’s post has a link to a paper on caregiving. Both clients and financial advisors may find the information beneficial to identify, and manage the stress of caregiving for a loved one needing long-term care. Your comments and feedback are welcome.

Download the paper here – Managing the Stress of Caregiving – BFP

The post A Caregiving Guide for Clients and Advisors appeared first on Getting Your Financial Ducks In A Row.

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