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Exemplar Editorial

Why DIY Investment Management Is Such a Risk

 

Why DIY Investment Management Is Such a Risk

Paying attention to the wrong things becomes all too easy.

 

Provided by Exemplar Financial Network

 

bigstock-Investment-Financial-Economy-small.jpgIf you ever have the inkling to manage your investments on your own, that inkling is worth reconsidering. Do-it-yourself investment management is generally a bad idea for the retail investor for myriad reasons.

Planning for Retirement When You Are Single

 

Planning for Retirement When You Are Single

If you aren’t married, you should consider these potential expenses & needs.

 

Provided by Exemplar Financial Network

 

bigstock-Retirement-Ahead-Sign-small.jpgHow does retirement planning differ for single people? At a glance, there would seem to be no difference in the retirement saving effort of an individual versus the retirement saving effort of a couple: start early, save consistently, and use vehicles that allow tax-advantaged growth and compounding of invested assets.

 

On closer inspection, differences do appear – factors that single adults should pay attention to while planning for the future.

Have a Long Term goal? Financial Planning can Help You get you there

bigstock-Couple-meeting-with-financial small.jpgAfter several years of wallowing in financial upheaval caused by a severe recession and financial crisis, Americans are, once again, looking to the future.

Can an IRA Be a College Savings Vehicle?

 

Can an IRA Be a College Savings Vehicle?

You might be surprised at its potential.

 

Provided by Exemplar Financial Network

 

bigstock-A-piggy-bank-to-act-as-a-colle-small.jpgAn IRA is a retirement savings account, right? Indeed it is. IRA stands for Individual Retirement Arrangement. Even with that definition, however, there is no prohibition on using an IRA to save for other purposes, such as funding a college education. 

 

Why would anyone choose an IRA as a college savings vehicle? At first glance it may seem strange, since there are a couple of types of investment accounts dedicated to that goal in the first place. On closer inspection, IRAs – especially Roth IRAs – present some features that may be quite attractive to the parent or grandparent seeking ways to build education savings.

Saving Early & Letting Time Work For You

 

Saving Early & Letting Time Work for You

The earlier you start pursuing financial goals, the better your outcome may be.

 

Provided by Exemplar Financial Network

 

bigstock-Finance-Concept-small.jpgAs a young investor, you have a powerful ally on your side: time. When you start saving and investing for retirement in your twenties or thirties, you can put it to work for you. 

   

The effect of compounding is huge. Most people underestimate it, so it is worth illustrating. We will use reasonable annual return rates to do so – we will assume an investor can earn an average of 6-7% a year on his or her portfolio.  

 

Grandparents Raising Grandchildren

 

Grandparents Raising Grandchildren

How can they cope with the financial demands?

 

Provided by Exemplar Financial Network

 

bigstock-Grandparents-with-grandchildr small.jpgWhen many people hear the word “parents,” they picture a couple in their forties... not a couple in their seventies. The reality is that 6% of kids today live in households headed up by grandparents – a parenting situation that may lead to significant financial stress.1

Do Our Biases Affect Our Financial Choices?

 

Do Our Biases Affect Our Financial Choices?

Even the most seasoned investors are prone to their influence.

 

Provided by Exemplar Financial Network

 

bigstock-Businessman-Risk-Of-Investment small.jpgInvestors are routinely warned about allowing their emotions to influence their decisions.  They are less routinely cautioned about letting their preconceptions and biases color their financial choices.

 

In a battle between the facts & our preconceptions, our preconceptions may win. If we acknowledge this tendency, we may be able to avoid some unexamined choices when it comes to personal finance. So it may actually “pay” us to recognize our biases as we invest. Here are some common examples of bias creeping into our financial lives.

Teaching Your Heirs to Value Your Wealth

 

Teaching Your Heirs to Value Your Wealth

Values can help determine goals & a clear purpose.

 

Provided by Exemplar Financial Network

 

bigstock-Portrait-Of-Three-Generation-small.jpgSome millionaires are reluctant to talk to their kids about family wealth. Perhaps they are afraid what their heirs may do with it.

 

In a 2015 CNBC Millionaire Survey, 44% of families having at least $1 million in investable assets said that they had not yet told their children about their future inheritance. Another 27% said they had refrained from mentioning it until their children were 30 or older.1

Annual Financial Check-Up

The Annual Financial Check-Up

Don’t ignore it. Here’s why.

 

Presented by Exemplar Financial Network

 

bigstock-Financial-health-of-the-dollar small.jpgHere’s the scenario … you get a card in the mail, one of those little reminder

s that tells you it’s time for your annual financial checkup. Your reaction: I’ll take care of that later. Here’s why you should look forward to it.

 

Long-Term Investment Truths

 

Long-Term Investment Truths

Key lessons for retirement savers.

 

Provided by Exemplar Financial Network

 

bigstock-Long-vs-short-term-words-on-a--small.jpgYou learn lessons as you invest in pursuit of long-run goals. Some of these lessons are conveyed and reinforced when you begin saving for retirement, and others you glean along the way.

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