Shifting from an accumulation to a decumulation (or distribution) phase is done gradually. The process typically starts when you are 10 or less years away from your retirement. It starts by taking a certain percentage of your retirement

Stocks have had a volatile month of May. This is due mainly to the ongoing high inflation and fears that the Federal Reserve's efforts to control surging prices by

With the economy emerging from recession, the November elections behind us, and hope rising from the COVID-19 vaccine rollout, many investors look forward to 2021. While the S&P 500 hit record highs in 2020, interest rates are near record lows

Diversification is a strategy that reduces risks specific to company and industry (e.g., business and financial risks). It’s important to remember that no matter how diversified your portfolio is, risk cannot be eliminated completely. A well-balanced portfolio reflects the

Short-term thinking almost always leads to poor investment decisions. Too often, investors get out of the market during difficult times, only to get back in after the market has rebounded. This tendency to essentially buy high and sell low

If you have ever tried to improve certain area of your life, you know how hard change can be. Everyone makes resolutions, but just few people are able to keep them. When you want to make a real change, you can increase your chances of

The life change of retirement may be positive experience only if it is seen not as an end but as redirection of activities and interests. By all means plan for changes and for new beginnings. Always think creativity and involvement and don’t fall into

Your clarity, good money habits and focus enable you to consistently make financial choices based on your core life values. Take a few moments and contemplate these questions: What is important to me? How can I use the money I have for