There’s no getting around the fact this year has been challenging for most investors. But that doesn’t mean it’s a total wash. Even though the year is quickly coming to a close, you can still take advantage of valuable opportunities and take proactive steps to set yourself up for the future. With that goal in mind, here is a year-end financial checklist to help you get ahead.
Advance Capital Management’s president and chief investment officer, Christopher Kostiz, provides his key economic and market insights from the most recent quarter.
Market downturns are emotionally challenging for most investors. Seeing multiple down days can make you feel as if the market will never recover. After all, psychological research has shown people tend to feel the pain of a financial loss twice as intensively as the pleasure of a gain.
For some people, the road to a comfortable and secure retirement leads them toward buying an annuity. These insurance products are heavily marketed for attractive features, such as income for life and protection from market declines.
Bonds are kind of the “rocket science” of the investment world. They can be relatively complex, coming in the form of different maturities, coupons, yields, qualities and durations from a variety of issuers. Again, rocket science.
A Roth IRA provides several advantages in retirement when you start to use your savings for income. And, transferring funds from your traditional individual retirement account to a Roth IRA is often a terrific tax strategy.
Financial goals are never-ending. No matter your age or level of happiness, there’s always something you would like to use your hard-earned money for.
Here’s something that’s painfully obvious to all parents: college is expensive. The total average cost of a four-year, in-state public college is $90,760, according to the College Board. And, that cost is expected to only grow larger as college tuition and fees outpace inflation.
Advance Capital Management’s president and chief investment officer, Christopher Kostiz, provides his key economic and market insights from the most recent quarter.
It’s a question often asked by parents, from new parents to grandparents: how much should I be saving for college?
