With all that is going on in the market today, my next few posts will focus on ways to help you “weather the storm”.
There are many factors to consider in the proper allocation of your portfolio during a strong
De-clutter your home and have a tag sale. Or donate the items to charity and get a receipt to claim as a deduction on your income taxes.
Refinance loans to a lower interest rate
Transfer credit card balances to
Financial Advisors, like many professions have the ability to specialize in many areas. Just because they are financial advisors doesn’t mean they are good at how to manage retirement assets or choose an appropriate retirement income strategy to fit you.
Consider the following options to help reduce debt.
Lower the rate you are charged: With interest rates so low you may be able to lower the rate of your credit card debt and mortgage. First, contact the place where you
Use your credit card points to help with college expenses: Regardless of where the money was coming from to pay for college (loan, cash, etc) I would call the school and put the maximum amount allowed on my credit card
Tax break – Many towns give tax relief to older homeowners, based on income. Contact your town real estate tax office for more information.
Safe driving discount– Auto insurance discounts may be available to graduates of AARP’s Driver Safety
When sending my daughter to college, I felt it important that not only did college not mean parties and alcohol, but it also had to mean as much to her as it did to me. I felt a good way
A general rule of thumb for how much you can expect your investment portfolio to provide is approx. 3-4% per year. This, of course, depends on your portfolio allocation and other factors.
(example: $100,000 x 4% = $4,000 you can
A negatively correlated portfolio can help to provide better diversification while reducing overall risk. And although total negative correlation may not be possible, you may be able to allocate your portfolio to reflect a greater degree of negative correlation.
What
It’s never too late to do the best you can with what you have to work with.
The first place to start is to determine what it will take to financially support the life you want for yourself, what you