Subscribe if you would like to receive future articles and newsletters via email.
For additional articles, see our complete article list
Many resolutions fail because it is difficult to change behaviors that have been created over many years.
It is essential to recognize your money beliefs to take control of your finances and prevent a negative money mindset from sabotaging your financial future.
Studies have found that at 40, you should have about two times your pre-tax income invested for retirement.
To help safeguard your retirement portfolio cut back on spending during a bear market. Track your spending for a few months and look for opportunities to reduce expenses. Also consider postponing major expenses such as new vehicles, remodeling projects and major vacations until the market improves.
Investing in bonds comes with two primary types of risk. The first is credit risk which represents the loss of capital if the issuing company or entity defaults on paying interest due on the bond. The second is interest rate risk which occurs when interest rates increase.
When you pull out of the market, often due to fear, you miss the gains when the market rebounds.