Posts Tagged ‘personal finance’
6 Financial Do’s and Don’ts for the Holidays
While you might look forward to attending fun events and spending time with loved ones this holiday season, it’s probably a much different story for your holiday spending. A recent Thrivent survey found that half of Americans were worried about money management over the holidays, and an even larger percentage was looking to cut their expenses. In a recent YouTube…
Read MoreFinancial Planning for Seasonal Expenses
The holiday season is synonymous with increased spending—gifts, travel, entertainment, and charitable giving can strain even well-managed budgets. With ongoing market volatility and policy uncertainty, intentional financial planning becomes critical for maintaining long-term goals while enjoying seasonal festivities. Set a Holiday Budget Start with a total holiday budget—the “holiday fund”—determined by what you can afford…
Read MoreLeaving the Wrong Beneficiary on Your IRA Plan Can Be a Costly Mistake: Many savers pay little attention to retirement-account beneficiaries
By: Laura Saunders Do yourself a favor: Check the heirs named on your IRA or 401(k) retirement plans. Then check your parents’ accounts. A lot is riding on these designations, and it’s easy for life to outrun planning in this area. Has there been a death, a new grandchild or other key change? Beneficiary forms…
Read MoreDebt Repayment vs. Retirement Contributions : A sustainable, customized strategy that balances both will serve you best
Another common question we hear is, “Should I prioritize paying down debt or focus on saving more for retirement?” It’s a smart question – and the answer is rarely black and white. Today’s financial landscape, shaped by high interest rates, inflationary pressures, and competing demands, makes this balancing act especially challenging. For many in their…
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