Financial Engines bills itself as your very own financial team, and they do this by providing customers with assistance in retirement planning through an unlikely source: employer sponsored defined contribution retirement plans. If you’re thinking about trying out Financial Engines, read our review first.
There’s often a thought that investing can be broken down to some sort of mathematical equation. But that’s not true. Nothing as profitable as investing can ever be that simple. Investing actually involves a large dose of philosophy, and that includes accepting certain truths, whether or not you’re ready to face them.
We all face financial emergencies, that’s just part of life. But how you handle them will determine your success with money and building wealth. One of the best ways to combat financial setbacks is to create a financial emergency kit. Here’s how to assemble one so you’ll be prepared when disaster strikes, or the economy […]
Diversification is a common problem for the majority of investors. In most cases however, the primary dilemma is either inadequate diversification, or a complete lack of it. But there is an opposite extreme that’s not much less risky, and that’s being too diversified with your investments. How do you know if you’re too diversified?
Many investors get so caught up in retirement investing that they overlook an entirely obvious retirement factor — Social Security benefits. Fortunately, there are free tools and websites to optimize your Social Security benefits, and you should add this search to your other retirement planning efforts.
Folio Investing, also known as FOLIOfn, is an investment platform that provides investing and portfolio management which allows customization as well as tax and cost management benefits. It combines investing in mutual funds and exchange-traded funds, with individual stocks, in what it calls folios.
When planning for retirement investors often overlook Social Security retirement income and focus exclusively on building the largest retirement portfolio possible. While it’s always prudent to plan for a worst-case scenario, having a rough idea of what your Social Security benefits will be at retirement age is vital. Here’s how to estimate your Social Security […]
We all decide to start saving for retirement at different ages in life. But whatever age you decide to start, understand this: there will be a cost of waiting to save for your retirement. The cost will come in the form of either a smaller retirement portfolio, increased funding requirements later in life, or both.