GuideVine's Summer Scoop returns for 2016! From June 1st through August 31st, watch short daily videos from financial experts answering common financial questions. By the end of the summer, you'll be a lot more confident and knowledgeable about personal finance.
Women in today's workforce have steadily grown to be the breadwinners in their household which creates unique financial planning challenges. Looking for a female perspective on the matter, we asked a couple of female financial planners who use GuideVine to provide their insights and experience on how women can approach their financial planning.
At GuideVine, we believe that everyone deserves great financial advice. We also understand that a financial advisor may not be the right solution for everyone. If you're looking to improve your finances and aren't sure what is right for you, answer a few simple questions to get started.
Understanding the cyclical nature of the market and your risk tolerance are key when putting together an investment strategy that can weather market turbulence. Incorporating core principles like an emergency fund and understanding tax planning will help create a solid plan for the future.
When beginning your financial planning don't be intimidated by the mechanics of of how different investment types and principles function. Start with the basics by knowing your budget, goals-based saving and investing, as well as understand the interest rates you are paying on debt.
After years of discussion and an extensive review and consultation process with the financial services industry, the Department of Labor (DOL) has announced its final fiduciary rule. The new rule will require financial advisors in a variety of settings to act in their clients’ fiduciary interests when recommending investments, rather than rely on the less stringent “suitability” standard previously governing brokers.
Most people in their forties are busy planning their retirements, but retirement communities and senior living are probably the furthest from their mind and planning process. Yet, there are compelling reasons why people should begin learning about senior living much sooner.
After a long career the thought of retirement is on most people's mind, but the way retirement looks today is much different. Staying active by giving back time and lending your expertise in a different industry can be rewarding experience, may benefit your health and boost your retirement income while helping you to stay engaged with your passions.
Our 30s are when many of us become serious about our financial lives. Bad habits from our 20s are left behind as we recognize the importance of control and establishing a solid financial foundation. With some smart money moves, you can empower yourself with the skills and knowledge to take advantage of life-changing opportunities and start the path towards retirement.
Your 40s are the “rush hour” of life. Many people are juggling rising careers, hectic personal life, children, etc. That extends to their finances as well. With some smart money moves, you can find balance among these competing priorities and position yourself for success financially and retirement.
Your 50s are a critical decade for your finances and retirement planning. What you do, or don’t do here, can set you up for your 60s, 70s, 80s and beyond. With some smart money moves now, even if you have to work in retirement, you won’t feel like you will be working forever.
Stock market fluctuations are an inevitable part of investing. Giant swings in the market have happened in the past, and will continue to happen in the future. A common mistake investors make is to let their anxieties and fears get the better of them during tumultuous markets.
People outside the medical community often view the lifestyle of a doctor as driving Porches and buying vacation homes. The opposite is more of a reality. Physicians face high medical school debt, coupled with years of low wages during residency. This means that most physicians need to focus on financial planning as early in their careers as possible to set themselves up for financial stability.
It is exciting to get a salary increase! But before you get too far into your celebrations, take some time to review your finances, financial plan and future goals, to make the best decisions regarding your new money. If you keep the following four points in mind , you can make the most of your new and improved salary.
It’s easy to stick your head in the sand when it comes to personal finance, even when you know you shouldn’t. So our author challenged herself to come up with 36 questions that could help her get more comfortable with her personal finances or, dare we say it, actually fall in love with them.
We know you would do anything for your kids. But should you set aside your own retirement in order to save for their college education?
When I was 30, I left my job at Forbes Magazine to pursue a book project and cashed in my 401(k) retirement plan. No kidding. I was certain I needed the couple of thousand dollars I had accumulated and was happy to pay the income tax and penalty. The entire Read more…