The most nerve-wracking word in finance may be recession. Navigating a recession is challenging for many people, but especially retirees. With the value of your portfolio declining, it's harder to withdraw the exact amount and set yourself up for future growth.
Many prioritize the connection between where they spend their money and how they invest, leading to a surge in Socially Responsible Investing (SRI) and a higher focus on Environmental, Social, and Governance (ESG) criteria.
When you're retired and no longer earning a paycheck, you're relying on your investments to provide income. Let’s help your money last.
I bonds can be excellent options for retirees to build up the conservative bucket of their retirement income plan.
Today, investors are facing an onslaught of obstacles, from dropping stocks, to record-high inflation, to dwindling morale. And with recession dialogue gaining traction, how can retirees strategically insulate their wealth through this (and any future) market downturns?
Investing can be complex. Building a tax-efficient, diversified portfolio (or several) suited to your risk tolerance and capacity, time horizon, and goals is no small feat.
The GameStop stock event has sparked much conversation. How did this company continue to make headlines, and will the fallout impact your finances?
Faith-based investing allows people to financially assist businesses that uphold the tenets of their faith, bringing more meaning and intention to their financial life. Is it right for you?
Investments are important tools to help you reach your financial goals. There are many pieces that comprise your investment strategy and today we are going to talk about one that doesn’t receive a ton of attention but can have a big impact on your net gain: asset location.
Once of the reasons that Step By Step Financial is a Dimensional Fund Advisor is DFA's focus on...
So what's next here at Step By Step? We're going to start talking about investments. During this next quarter, our client meetings will focus on...
I understand that markets like we are seeing right now can be nervewracking for investors. You know the value of the money you have, and it can be hard to watch it go down. The first thing to remember is that we have to focus on what we can control. You and I don't have any influence over the market. We do have influence over how much money we invest, what we invest in, and when we do it.
When I'm looking at a client's investment portfolio, one of the first things I look at is how much the investment is actually charging my client. Very little in life is free, and index funds, stocks and bonds are no exception!
QUESTION: Kevin, should I buy this annuity? ANSWER: Probably not. Slightly more helpful answer: It's not likely to be the best investment vehicle for you. Annuities have high fees and long reaching tax implications that make them poor choices for most people. If we look at your entire financial picture, we are apt to discover more fruitful ways of building your long term wealth and securing your financial future.
Recent news has been full of socially responsible life advice: avoid this company because they do this unfair thing, patronize this company because they implement equitable something, etc. While not a new concept, socially responsible investing has come into vogue.
I have a statement to make. You may be surprised by its boldness. Stereotyping is always wrong, even in financial advising.
Are you as glad as I am that spring is finally here? Winter kept trying to make a comeback, but green grass and sunny skies have conquered. I hope you get to be outside and enjoy it!