Stock market declines are an unavoidable part of investing. Unfortunately, that does not make them any easier to handle when they occur. To get through this challenging and emotional times we must keep these 3 important principles in mind.
The beginning of a new year brings hope, optimism and a list of new year resolutions, many of which fizzle out after several weeks. Improving areas of our personal finances often falls at the top of the list of new year resolutions. Let's make 2022 the year that you stick to those goals and set yourself on the path toward a stronger financial future.
Looking to take a loss on an investment to offset other gains? Great idea! But beware that you don't force yourself into a wash-sale situation which will disallow those losses to be taken.
Start planning now before it's too late! The end of the year is an important time in making sure you have taken care of everything that was needed over the past year while starting to think in advance about the upcoming year. Don't delay. Plan now.
Receiving an inheritance can be a difficult time period to navigate. Not only did you just lose a loved one, but you now have the task of managing this unexpected financial situation.
The decision of whether to pay down debt or invest is one of the most common questions that people of all wealth levels struggle with. Debt is uncomfortable to many people. But not all debts are created equal. Learn how to make an informed decision about which to prioritize. You can likely do both at the same time!