Making the Long Term Care Decision That’s Right for You
Submitted by Focus Wealth on August 28th, 2024For most of us the conversation isn’t whether or not we’ll need long term care, but rather when. According to the U. S.
August 2024
8 Tips for Finding Balance Between Work and Life
Submitted by Focus Wealth on August 28th, 2024It is no secret that the typical American is working long hours with little respite compared to other countries with large economies. Full-time employees report an average work week of 47 hours and four out of 10 American workers say they work over 50 hours a week.
Don’t Like Where You are Financially? Change Your Behavior
Submitted by Focus Wealth on August 28th, 2024When people decide that they need to eat healthier or lose weight, they know that they have to change their behavior. That’s easier said than done for most, which is why programs like Nutrisystem and Weight Watchers are so popular; because they provide a system for automatically controlling portions and nutrition.
An Emergency Fund for Life Unexpected
Submitted by Focus Wealth on August 7th, 2024One of the first lessons of finance we are taught, by our parents or through some basic personal finance course, is to make creating an emergency fund our top priority. Having a reserve of cash equivalent to six to 12 month’s worth of living expenses is considered the most fundamental principal of financial security.
Asset Allocation = Risk Allocation
Submitted by Focus Wealth on August 7th, 2024While the current stock market boom has some people rejoicing it doesn’t appear as though their level of anxiety has abated much. Investors sometimes have short memories, but a stock market rally s is not likely to make people forget the carnage left behind in their 401(k) s and stock portfolios after one of the worst market declines in our history.
Retirement Income Planning Requires Realistic Spending Assumptions
Submitted by Focus Wealth on August 7th, 2024If you have read any literature on retirement planning or have received advice from a financial professional, chances are you were presented with the 70% rule, the one that suggests that retirees will need between 70 and 80% of their pre-retirement income in order to maintain their standard of living.
