Prioritize Your Investments To Support Your Situation
Spending Money Depends Upon Your Perception of the Dollar
Use this time of smooth and positive stock market returns to prepare for an eventual bear market.
You want to settle upon a target investment allocation that under dire circumstances you would not abandon. All of the formulaic approaches may be pointing toward 70 percent in equities, but it’s not the right answer if that level of risk in a very poor market would cause you to sell. That one poor decision could delay retirement by years.
The best and worst in Personal Finance for 2012: mortgages, retirement, and fiscal cliffs.
The Election and Your Finances
While we prefer to look at client tax situations before the snow falls, in 2012, like many recent years, it may pay to wait until early December to make significant tax moves. But it still makes sense now to be aware of the likely changes and take steps to limit what you’ll owe in April.
Going with the herd can hurt you when plunging into a sure-fire investment winner (greed) or fleeing the ongoing collapse of another (fear). A herd mentality can trample your financial future.
Economic news junkies have had plenty to chew on over the past few weeks. The national debt crisis is behind us at the moment, and now we wait on the congressional super committee on the budget to come out with…