Even the most comprehensive retirement planning strategy can get sidetracked if you fall victim to a phenomenon known as lifestyle creep. Lifestyle creep, sometimes called lifestyle inflation, is the term used to describe the phenomenon wherein your expenses grow at the same rate as your income. It happens to everyone but, left unchecked, it can [...]
If a walk down the aisle is in your near future, financial planning might not be high on your to-do list. In fact, if you’re like most affianced couples, you might be planning to wait until you’re back from the honeymoon to work on your financial plan. Once the vows are exchanged, however, it might [...]
Financial planning and wealth management are important for everyone, no matter when they were born. However, the millennial generation – sometimes called Generation Y – face a host of significant challenges that past generations do not. Millennials, generally defined as those people who were born between 1981 and 1997, grew up in the shadow of [...]
Financial planners consider both age and risk tolerance when recommending how an investor might best diversify their portfolio and allocate their assets. Conventional wisdom indicates that, the closer you get to retirement age, the more you should reduce the overall risk level of your investments. The challenge for most investors is determining what percentage of [...]
If you’ve recently parted way with an employer, it’s easy to forget about your 401k in all the frenzy. But eventually, you’ll get a statement and remember that the account is still there. Often, people elect to leave their account as-is, with the intention of doing something with it later. Eventually, you could end up [...]
Self-employed individuals and owners of small businesses face a unique set of challenges when it comes to wealth management and investment planning. Managing two budgets with different timing needs can be daunting. Cash management strategies that contemplate the timing of inflows and outflows on the business and family side, as well as future tax obligations [...]
Few phrases are more dreaded in personal financial management than “market volatility.” If you’re like most people, the urge to call your financial advisor gets stronger when any of the leading indicators make a jump (in either direction). What you probably already know – but find difficult to accept in a volatile market – is [...]
Anyone who remembers the stock market crash of 2007 and the recession that followed may remember the panic and devastation this caused for newly retired individuals and those about to begin retirement. Work with the retirement consultants at Resource Planning Group of Atlanta, Georgia, to find out how the coronavirus pandemic might affect your retirement [...]
Personal finances are on our minds frequently as the deadline looms to pay 2020 taxes. Whether you have to pay a lot or a little (or you get a refund!), now is the time to enlist the help of a qualified financial advisor. The experienced team of certified financial planners at Resource Planning Group of [...]
You’ve worked hard to get where you are – why shouldn’t you take every possible step to preserve as much of your wealth as possible? Working with a financial consultant or advisor is one of the best ways to reduce your risk and financial liability, helping you grow your personal wealth as safely and quickly [...]
