Money Management Resources

March 26, 2018

In times of crisis, you don't want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you're protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you meet emergency or highly urgent short-term needs.

March 26, 2018

When you determine how much income you'll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won't be enough to meet your needs. If you find yourself in this situation, you'll need to adopt a plan to bridge this projected income gap.

March 01, 2018

Being able to send your child to college is near the top of the wish list for most parents. A college education can open doors to many opportunities, and is increasingly necessary in today's economy. But that diploma doesn't come cheap. Unless you are very well off financially, it's difficult to sit on the sidelines for years and then suddenly find the money to pay for college when your child is ready to go. The best thing to do is to start saving as early as possible, even if you're able to save only a small amount at first.

March 01, 2018

In today's corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive offer you've received is a good one? By evaluating it carefully to make sure that the offer fits your needs.

November 15, 2017

There are things you can do to save more for your retirement. Consider four basic strategies:Rearrange Your PrioritiesPay yourself first. You may feel that you're not doing the right thing or it may be selfish to put yourself before saving for your children's college education, among other things. However, it is critical that you save for retirement first. Take advantage of all company retirement plans and other tax-free or tax-deferred retirement accounts.

November 02, 2017

If you are five years or less away from retirement, you're close enough to calculate approximate income and expenses. Your goal is to have enough money to live on comfortably and not outlive your assets. You need to match your expected lifestyle expenditures with your projected cash flow and provide for contingencies, such as extended illness, rapid inflation, and losses in your investments. Cash flow planning is an important part of retirement planning.

October 25, 2017

How Company Retirement Plans Protect Your Savings Generally, your retirement benefits are protected in such a way that no one other than you will be allowed an interest in your benefit. There are certain exceptions to this rule, such as a divorce settlement where a qualified domestic relations order is in effect.