Get Organized! How to Maintain Your Personal Financial Files

Are your file cabinets overflowing? Everyone needs to keep certain personal financial files more or less permanently. But which files should you keep, and why do you need to keep them? How long should you keep them and in what format? This post serves as a brief guide to organizing your personal paperwork. Let’s start…

 

Liquidity: How Much Do You Need?

How much of a liquid balance should investment portfolios contain? That question crops up frequently in financial planning as investors try to determine their overall portfolio. The first part of the question, of course, is: “What is liquidity?” Liquidity refers to the time required—and the cost incurred—to convert assets into cash. The more quickly and…

 

Juggling Competing Goals: College vs. Retirement Funding

What’s more important, your retirement or your child’s college education? Financial planners generally suggest that the former should receive priority, but many parents also want to plan for their children’s higher education. While financial priorities are a matter of personal choice, parents need to keep things in perspective. If you don’t have sufficient assets or…

 

The Alliance for Investor Education Presents “Funding Your Future: The 2017 Investor Boot Camp”

The Alliance for Investor Education is sponsoring a free Investor Boot Camp on Tuesday, December 5, at The Army and Navy Club in Washington, D.C. Attendees of Funding Your Future: The 2017 Investor Boot Camp will hear from experts on a range of investing topics, explore free resources, and gain support from organizations and agencies to achieve…

 

Human Capital and the Theory of Life-Cycle Investing

Human capital is something we all have, and it’s becoming a front of mind issue in the press and in the field of financial planning. What’s up with that? What Is Human Capital? For economists, there is a very specific definition for human capital. They say it is the value of future earned income expressed…

 

Social Security Checks Will Rise by 2% in 2018

The Social Security Administration (SSA) announced that, based on the increase in the Consumer Price Index from the third quarter of 2016 through the third quarter of 2017, Social Security and Supplemental Security Income beneficiaries will receive a 2% cost of living adjustment (COLA) for 2018. This is after a 0.3% increase in 2017 and…

 

A Guide to Dealing With an Estate Planning Attorney

It is well-known that the best way to motivate someone to go see an estate planning attorney is to arrange a trip to a faraway place. There are, of course, excellent reasons for consulting with an estate planning attorney other than exotic travel. Up-to-date estate plan documents maximize the chance that your wishes with respect…

 

Achieving Financial Security by Conquering Personal Debt

Overloading on debt is expensive. In addition, credit can be an important lifeline in the event of a crisis, and if you have used all your credit, you have removed a valuable cushion of security. Debt is a major hindrance to achieving financial security for many Americans. Here are some tips on how to conquer…