Presented by Lucas Group Financial Advisors |
For many individuals, their first stock market investment comes in the form of mutual funds and similar investments within their 401(k), IRA, or other retirement plan. Investing in the market, in either stocks and bonds, allows your money to grow long-term in addition to the funds you add over time; putting your money to work for you, as you save for retirement and other goals. For most people, the primary objectives for their investments are...
Presented by Lucas Group Financial Advisors |
The term "budgeting" has some negative connotations, similar to "dieting." However, creating a monthly spending plan (budget) with room for eating out, entertainment, and other perks doesn't have to be a chore. Monthly spending plans can help make sure you're allocating money to the areas that mean the most to you, saving for your goals, and still providing enjoyment without the guilt of overspending.
Presented by Lucas Group Financial Advisors |
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From deciding how to use their spending money to deciphering student loan options, it can be difficult for students to adjust to the financial side of college living. But it’s a great time for them to learn how responsibility and planning can lead to success, both for their wallets and their lives after college.
Presented by Lucas Group Financial Advisors |
Do you picture yourself owning a new home, sending your kids to college, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That's where financial planning comes in.
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If you and your spouse are making plans to retire, you’re probably wondering whether it’s a good idea to retire at the same time. Retirement is a decision that should be carefully thought out; here are some things to consider when deciding whether to retire at the same time as your spouse.
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An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when you need to locate a financial record or document--and you'll need to locate it relatively quickly.
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With the rise of the internet and, more recently, mobile app, traditional banks have been developing digitized ways to deliver services. With advanced websites and more capabilities, internet-only banks also developed to rival brick-and-mortar banks. While internet-only banks may be able to offer better interest rates due to low overhead costs, you should be aware of the pros and cons of internet banking before taking the leap.
Presented by Lucas Group Financial Advisors |
A donor-advised fund may help you to "supercharge" your giving by saving money on taxes, allowing more funds to make it to your intended charities. DAF's have two major tax benefits to the donor, as well as tax-free growth inside the account. Can this help you give more to your favorite charities, while saving taxes?
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If you are a young adult graduating from high school or college and entering the workforce, you may have the opportunity to open a 401(k) through your new employer. In some cases, that employer will also offer matching contribution funds up to a certain percentage. While it sounds like a no-brainer to take advantage of these benefits early, less than one-third of employees ages 25 and younger participate in their employer’s 401(k) plan. It’s essential to know the benefits of investing early and often, as it can help set you up for financial success in the future.
Presented by Lucas Group Financial Advisors |
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It’s daunting to think about the day when you may not be able to live independently and care for yourself. But planning early for long-term care can keep you from becoming overwhelmed in the event that you develop a chronic illness, disability or other condition. By planning your care now, you’ll be more likely to have greater control over significant decisions and remain comfortable as you get older. Here are some ways that you can...