Financial wellness is the ability to have a healthy financial life and feel good about your financial situation. Financial wellness doesn't have just one meaning because it can mean something different to each person. Financial wellness is a broad term that encompasses these key areas:
Learning from our mistakes is a good thing. After all, if we learn from our mistakes, we are likely not to repeat them. Sometimes psychological or emotional factors contribute to making a mistake or knowing how to avoid it. Here are the top mistakes investors make and how to avoid them:
Right now is a great time to review your life insurance policies and determine if you have enough life insurance coverage. This past year and COVID-19 has reminded us how precious life is and how financial stability can rapidly change.
As we enter a new year, many are hopeful that 2021 will be positively different from 2020 in health, the environment, and the economy. In the wealth management industry, we know things are already different as we see more Americans wanting to plan for their futures. Our parents and grandparents experienced The Great Depression that was life-changing for many, but COVID-19 is nothing compared to previous health and financial crisis in modern history.
2020 has been a year unlike any during our lifetimes with the COVID-19 pandemic and a poor economy. Many have been impacted with lay-offs and job losses and realize they were unprepared financially.
It is human nature to seek advice when things aren't going well or when an unforeseen event occurs.
As you get older, the question of when to collect Social Security retirement benefits will likely come to mind, particularly true if you plan to retire early. In a perfect world, there would be one age that would be ideal. However, your unique circumstances and goals will dictate the best time for you to take Social Security retirement benefits. Let’s dive deeper into all the factors you should consider before making your decision.
Understanding the Basics.