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setting financial goals Personal Financial Planning

How to Set and Achieve Financial Goals

Table of ContentsGoal Setting GuidelinesSetting Financial GoalsSorting and Prioritizing Financial GoalsA Financial Goal Setting ExampleSummary – Set and Achieve Your Financial Goals Goal setting is a crucial part of financial planning. Without clearly defined financial goals, it can be difficult to make

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Should You Consolidate Your Student Loans?

With regard to student loans, many people use the terms refinance and consolidate interchangeably. They are not the same thing. Refinancing involves taking out a new private loan to replace one or more existing student loans (federal or private). Most individuals

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investing

How Much Money Do You Need to Save for Retirement?

Table of ContentsWhy is Retirement Planning Difficult?Make an Educated GuessFinding a “Safe Withdrawal Rate”A Few Important CaveatsSo What is Safe?How Long Will it Take to Accumulate?What’s the Take-Away?Wrapping Up I commonly receive reader questions related to retirement planning. Sure, everyone knows

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Investing

It’s Time to Fix Your Undiversified Portfolio

Modern Portfolio Theory (MPT) is the brilliant mathematical model behind the investment concept of diversification. Nobel Prize winner Dr. Harry Markowitz introduced the theory in 1952 (1), and forever changed the world of finance and investing. He proved mathematically why holding a bundle of non-perfectly correlated

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