All investments involve some degree of risk. In finance, risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. And understanding the relationship between risk and reward is a crucial piece in building your investment philosophy.
If your finances are simple, you may be able to handle them on your own. But when you start to lose confidence in your ability to manage your financial life, it’s time to hire a financial advisor. In general, the more complex your finances, the more you’ll benefit.
There are many benefits to charitable giving, including improved mental and emotional health. Along with the more obvious benefits to charitable giving, it’s also a valuable addition to any wealth management strategy.
Decisions made in a divorce settlement lay the foundation for your life moving forward. And avoiding financial mistakes can ensure that you’re set up for success in the following weeks, months, and years following a divorce.
Losing a spouse is an incredibly difficult event to endure in one’s life. Because women typically live longer than men, they’re more likely to experience this loss. Not only is this an emotionally-wrenching situation, many widows that left the financial dealings to their spouse suddenly find themselves faced with making many crucial financial decisions.
As with all things pertaining to your money, be meticulous in choosing the right advisor. It may take some time to research, interview, and decide on the right fit, however, making the right decision the first time will benefit you in the long run.