Debt is as American as apple pie, found in households of all shapes, sizes and incomes. It is a part the financial lives of both the rich and poor as well as the working and retired. Given debt’s many harmful effects, what can you do to best manage it? The answer may lie in understanding what propels you to borrow in the first place.
Something we emphasize when meeting with new clients is that their financial plan is dynamic. The goal is to continuously work toward or preserve the life you want. So, it changes as market conditions, government policy, economic factors and personal financial conditions make it necessary to change. It changes as your life changes. In other words, it is never perfect.
As we enter 2020, we would like to start off the new year by expressing our gratitude to everyone who has enjoyed Advance Capital’s Financial Living Blog. It was one of our best years yet, with well over 100,000 readers. Without the support of readers like you, none of this would be possible.
The happiness we feel about our money, work, relationships, life in general, isn’t derived by only what happens, but also how we perceive what happens.
From Thanksgiving to New Year’s Eve, expressing gratitude is a year-end tradition. But what if you were to make giving thanks a daily routine throughout the year, every year?
Have you ever mentioned – or even thought about – an object in casual conversation only to see an ad for that very thing online seconds later? Maybe it was all coincidence. Or, maybe not.
In a world of major data breaches, where millions of people have their personal data compromised, it is more crucial than ever to make security a part of your financial planning process.
Everyone’s experience in retirement is unique. But there are some characterizations we can draw from data collected in various surveys and studies of retirees. Put together they form the nine types of people you’ll encounter throughout your later years. Some offer attributes you may want to adopt and others those you are best to avoid. They all, however, can provide lessons on how to live a fulfilling retirement.
We are extremely pleased to announce that three of our financial advisers -- Daniel McHugh, Michael Hohf and Terra Hohf -- have been named to Forbes magazine’s 2019 Best-in-State Next-Gen Wealth Advisors list. They were recognized as among the top young wealth advisers in Michigan.