Submitted by Ken Weingarten on Fri, 01/03/2014 - 3:00pm
Your salary grows every year – presumably – and so should your savings, if even in tiny amounts. Here’s how it all adds up.
Personal finance writing uses 1% a lot lately – either as the figure to annually increase your savings or as the select slice of the population the financially aspiring want to join. Can consistently saving 1% more each year help you gain entry into the top 1% we heard much about over the past few years?
Submitted by Dan Crimmins on Tue, 12/17/2013 - 12:00pm
Your future arrives before you know it. But since we can’t predict what it will bring, how do we prepare for it? By making plans and doing that as early as possible. Here are some wise words to help you seize your moment financially:
Submitted by Manisha Thakor on Mon, 12/16/2013 - 3:00pm
If the terms “financial planner” and “investment manager” seem interchangeable to you, know that many people — even financial professionals — goof in differentiating. Understand the difference to maximize your financial well-being, and here’s how.
Confusion reigns because the terms don’t just describe job titles; they refer to distinct parts of the integrated financial processes of financial planning and investment management.
Submitted by Claire Emory on Tue, 11/19/2013 - 12:00pm
As a child you pulled the blanket over your head to ward off the monsters. Your financial future is no monster – if you think ahead – but some people still insist on pulling up their blanket. Here are some sobering numbers and ways to get planning while you still have time.
Submitted by Rick Kahler on Mon, 11/18/2013 - 12:00pm
Index funds, which track the entire market or portions of it, do best for investors over time. These funds are called passively managed, because their components get selected automatically, according to index movements. But you shouldn’t be passive about managing them. You must be very active.
A fundamental principle I preach is that having a core of passively managed mutual funds is the foundation of successful long-term wealth building. I practice that principle, as well: About 75% of the securities in my personal portfolio are passively selected.