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Glenn Anderson
Financial

You can get lucky by finding a parking meter with time left on it. You can “luck out” by having nice weather on your vacation. You can even be lucky at love. But when it comes to financial matters, you’re better off not counting on Lady Luck — and focusing instead on setting and pursuing goals.

Here are some suggestions for establishing and pursuing your financial objectives:

Be specific. You probably have a lot of ideas about what you want to do, but if you’re going to turn these wishes into reality, you need to get specific. So, for example, instead of telling yourself that you want to retire early, set a goal of retiring at, say, 62. You can then use this target number to help guide your overall investment strategy. To illustrate: You can determine that you need to invest a certain amount of money each year, and earn a certain rate of return, to be able to retire at 62. read more »

 
Financial

The investment world can be complex — so you may not want to navigate it alone. But when it comes to getting professional advice, you certainly have an abundance of choices. How can you know which approach is right for you?

The answer depends, to a large extent, on how you choose to work with a qualified financial advisor, someone with the training and experience to help you work toward your financial goals. When you work with a financial advisor, he or she will analyze your financial situation — your income, current assets, family status and short — and long-term investment goals, such as helping pay for your children’s (or grandchildren’s) college education and attaining a comfortable retirement. read more »

 
Banking And Finance

Many people depend on certificates of deposit (CDs) to provide extra income. Yet CD rates have been fairly low for a while. In recent months, in fact, one-year CDs were paying about 0.5 percent, two-year CDs topped out at around 1 percent, and five-year CDs paid in the 2 percent to 2.3 percent range. Those rates are scanty enough, but they can seem even lower in an economic environment marked by rising food and gas prices.

Before you consider alternatives, keep in mind that CDs still offer a key advantage: safety of principal. The Federal Deposit Insurance Corporation (FDIC) typically insures CDs up to $250,000. read more »

 

It’s Halloween time again, so you’ll probably be seeing a lot of ghosts, goblins, witches and werewolves. While you may find these sightings more amusing than fear-inducing, you don’t have to look far to find things that really are frightening — such as scary investment moves. read more »

 

Now that April is here, you might decide to spruce up your home, both inside and out. But you also may want to do a little “spring cleaning” to help keep your financial house in order.

What steps should you take to tidy up your financial situation? Actually, some of the moves are the same as those you’d use to reinvigorate your house and yard. Consider the following: read more »

 

An IRA is a great way to save money for retirement. But which IRA is right for you — “traditional” or Roth? As is often the case in the investment world, there’s no one “right answer” for everyone — but the more you know before making a choice, the better off you’ll be. read more »

 

If you own a small business, you’re always thinking about today. How can you get more customers today? Is your cash flow sufficient for today? What are your competitors doing today? However, you can’t forget about tomorrow. Specifically, you need to make sure you’re building sufficient financial resources to enjoy a comfortable retirement. To help you do just that, you need the right small-business retirement plan. read more »

 

If you follow the news — or even if you don’t — you’re probably aware that the country is debating the future of Social Security. However, this discussion, while important, may be obscuring another key issue: namely, that many people are finding their employer-sponsored retirement plans are falling short of providing the expected level of benefits. read more »

 

No business owner would argue against the importance of planning for the future. However, the reality is that with the daily demands of running a business, long-term goals are often put on the back burner. read more »

 
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