Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when it’s your money at stake.
This video discusses the benefits and advantages of starting to save now and how it may impact your retirement. We’ll also share some practical and easy steps to take to jump-start your savings.
After several weeks of buildup and anticipation, Russia launched a full-scale invasion of Ukraine last night. Rocket attacks on key infrastructure, cyberattacks on government websites, and troop advances follow on the heels of a massing of military forces on the Ukraine border as well as several previously Russian-held areas of Ukraine.
Many people have multiple savings goals that are of equal importance, from establishing an emergency fund to saving for retirement or a child’s education. So, how do you determine which to save for first? If this question has been on your mind, watch our webinar recording on prioritizing savings goals.
In times of crisis, you don’t want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you’re protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you meet emergency or highly urgent short-term needs.
Did you know that increasing your deferral rate in your retirement plan as little as 1% each year can significantly help your money accumulate over time? In this Lessons in Financial Experiences (LIFE) episode, we discuss the 1% challenge and the positive impact of putting an additional percent of your salary away each year toward your retirement.
In late 2021, after months of growing anticipation about inflation pressures, the closely watched Consumer Price Index (CPI) measure surged to 6.8 percent on a year-over-year basis. The November reading represented a nearly 40-year high and triggered a tsunami of alarming headlines across financial media outlets.
We’ve been hearing a lot about inflation lately, but what’s all the hype about? Some of it is practical. Restarting the global economy after the COVID-19 shutdown has not come without a few hiccups that have dramatically affected the prices of some goods and services—food, energy, automobiles, and transportation services to name just a few.