How to Avoid Lifestyle Creep
What exactly is lifestyle creep? Lifestyle creep is the gradual increase of your spending as your income increases. The danger of lifestyle creep is that it happens gradually over an extended period, making it hard for you to notice. If you want to make sure you are building wealth as your income increases read these four points to keep your financial life on the right path.
Protecting Retirement Income
Ideally, no one wants to enter retirement during a prolonged and significant market decline. After all, a market shock reduces a client portfolio's value, diminishing the amount that can safely be withdrawn. There are levers that can be pulled to help increase your chances of meeting your retirement goals even during dips in your account values.
Roth Conversions: Benefits and Timing
A more sophisticated approach to Roth conversions is worth considering when trying to lower your future taxes and increasing your net worth in retirement.
Staying the Course Doesn't Mean Sitting Still
There are many reasons having a financial plan is valuable, but maybe the most significant is that it can help you understand how to react to the latest negative headlines.
Importance of Dollar Cost Averaging
No matter what your goal is for the money you invest, you can get there faster by continuing to add to your portfolio on a regular basis. Especially when the stock market recently dropped.