The Magic of Compound Interest
If you forgot what compounding interest is, let’s get a refresher on it. Compounding interest is the process by which the interest earned on an investment is reinvested, so that the initial investment grows over time. This is a powerful tool that can significantly increase the value of an investment over the long term, making it an important concept to understand when planning for retirement. One of the key benefits of compounding interest is that it can help your investments grow significantly over time. For example, consider an initial investment of $10,000 that earns an annual interest rate of […]
5 Unique Risks for the Affluent Investor
You may think that as a high net worth individual, or even a millionaire next door, you may have an easy road ahead in maintaining your wealth. But a greater amount of wealth to protect introduces unique challenges that are specific to the size of what they have to protect. Although many investing and wealth-preservation principles apply to anyone – such as developing a tax plan, assessing a portfolio’s risk exposure, and more – there are key risks that come about when you have more money and more valuable assets to protect. Being Too Conservative You may think that […]
What You Need to Know About the State of the Crypto Industry
2022 was a reckoning for the crypto industry. Cryptocurrencies deemed stable collapsed while proof of overly risky, shady, and even fraudulent practices emerged among some of the most established crypto companies. Instead of getting into the weeds of what the technology of crypto is or the genesis behind its creation, it’s more important to understand what is happening in the industry as it relates to your retirement and investment opportunities. Crypto – A Promising but Immature Industry Whether you’ve heard of the recent fiasco in the cryptocurrency markets, have been following the crypto industry closely, or are new to […]
What You Need to Know about Index Funds and Mutual Funds
On their surfaces, index funds and mutual funds may seem interchangeable. Both offer diversification of assets and are commonly invested in a basket of stocks that aim to meet a certain investment goal. However, there are many key distinctions that separate an index fund from a mutual fund – distinctions that may be crucial to your portfolio of retirement investments. The Breakdown of Index Funds Index funds invest in a specific list of securities, such as a Dow Jones Industrial Average or S&P 500 index, which track stocks based on certain factors. The Dow Jones is a qualitative index […]
The Value of Opening a Roth IRA at the End of the Year
These days, retirement planning will likely involve Individual Retirement Accounts in one way or another. Whether you’re looking to roll over a 401(k), optimize your withdrawal timing, or take advantage of catch-up contributions, your IRA strategy may be one of the main components of your income strategy. So, let’s talk about the Roth IRA and its unique value at the end of the calendar year. What is the Roth IRA, and When is it Useful? The Roth IRA is a type of retirement account that you may withdraw from tax-free after a certain age and after holding it for […]
Does the 4% Rule Really Work?
During your saving years, your main goal is to accumulate wealth so that you have the resources to achieve a comfortable retirement. But that is just half the battle. How you use your savings to cover your living costs is the real key to living the retirement of your dreams. You may have done some research on what strategies you can use to provide yourself with the income and liquid cash you need to cover your expenses in retirement and come across a few general, cookie-cutter strategies, such as the 4% rule. What is the 4% Rule? The 4% […]
Rediscover the Value of Yields in Tough Markets
For decades, the name of the personal finances game has been asset or equity growth. High-growth tech stocks grew to dominate the market, some of which have grown to be among the largest companies in the world. And if you owned stock in those companies while they made their meteoric rise, your overall wealth may have ballooned in the process. But how safe do you feel with your wealth in those stocks? Would you feel comfortable with a 10% drop right now? A 20% drop? Maybe even more? If such a drop is a significant setback, ask yourself if […]
A Financial Advisor Can Prepare You for A Wintery Market
When the winter season comes around, you’ll likely have to adjust your routines and prepare for the cold. If you’re in colder states, you may be looking to purchase a new winter coat or snow boots, or skiing equipment for your winter holidays. Or you may be restocking your snow salt for what are soon-to-be icy sidewalks and driveways. If you live in warmer states, maybe you’ve closed your windows and patios and put your fans and AC units away. The same way you prepare for the winter, you might have to prepare your retirement finances for a potential […]
Bob Yarbrough Interviews Jim Brogan on the Stock Market
Jim Brogan joins The Bob Yarbrough Show on NewsTalk 98.7 where they discuss the stock market drop, inflation numbers, and what investors need to know. Click the play button below to listen!
Why Do Women Tend to Outperform Men When it Comes to Investing?
Women’s roles in household decisions have changed dramatically over the past century and continue to evolve today. When it comes to personal money management, women traditionally have spent money day to day on household items like groceries and essentials. However, wealth management decisions were traditionally in the hands of their male counterparts. In two-thirds of affluent households in the United States, men are the key financial decision makers.1 Women are confident in most financial matters, but when it comes to investing, they tend to be less confident than men. A study by Merrill reported just 52 percent of women say […]
