Your Four Must-Dos to Manage Risk and Maximize Returns
Risk is a necessary, but manageable, part of investing. Investment management can be a complex undertaking, but one that has potential to yield great benefits. The key to investment success is recognizing that chasing high returns involves also assuming some risk. Many investors struggle to achieve this goldilocks balance. At its core, risk management is the practice of embracing uncertainty and accepting it as an essential part of the investment process, then...
Your Guide to Life Insurance Policies
Learn the differences between term, whole, universal, and variable life insurance to choose the right option for your financial plan. When you’re estate planning and considering your long-term goals, one priority should be insurance. In particular, life insurance provides a safety net for your loved ones in the event of your death. It offers financial protection and peace of mind by ensuring that dependents or beneficiaries receive a lump-sum payment, known...
Evaluating Alternative Investments Like Art, Wine, and Collectibles for Your Portfolio
Looking into alternative investments, such as art, wine, and other collectibles, can help you diversify. Investors are increasingly turning to new avenues to diversify their portfolios with new sources of returns. You may not know that alternative investments such as art, wine, collectibles, hedge funds, real estate, and commodities offer very unique opportunities to explore unconventional avenues of wealth protection. Plus, they can be enjoyable to pursue. Diversifying this way helps you...
Tax Implications of Your Retirement Contributions
Whether you contribute to an employer-sponsored plan or an IRA, factor in these tax benefits and implications to optimize tax planning It’s not always easy to understand how your retirement account contributions are impacting your taxes. Even though many retirement savings avenues provide tax advantages, there are still key considerations to factor into planning to maximize results and minimize your tax liability. For instance, IRAs, 401(k)s, pensions, and Social Security benefits will...