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How Much Risk is in Your Portfolio?
According to behavioral finance studies, people are two times more concerned about preventing losses in their investment portfolio than they are with potential gains.  Fear of losing the money they have worked so hard to save can make people do one of two things that can have a disastrous result on their investments and ultimately on their long term financial goals. The first is falling into the buying high/selling low cycle.  When the market is going up, up, up people often start shifting their portfolio allocation, increasing their exposure to stocks.  Then when the market corrects, they may stay the course for the first 5% or 10% drop but once they hit their "pain point," they sell their stocks and take a loss.  The cycle continues...
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The Key Numbers to Financial Success
Many people are disconnected from their finances.  It might be due to lack of time, interest or fear that they are in trouble.  There are a few numbers everyone should keep track of to ensure their financial success; what you make, spend, how much debt you're carrying and your net worth.  Staying on top of these numbers will give you peace of mind and help you achieve your goals. How many months expenses could you cover if you were to lose your job?  You should know what your monthly living expenses are and how much cash you have to pay those expenses in the event of job loss or disability.  A good rule of thumb is to have 3 to 6 months of living expenses set aside in an emergency fund.  This prevents you from having to dip into savings...
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Cutting the Cost of College
college graduation
There are many articles out there about the rising cost of college and how to save for it.  There are also many articles about the rising student loan debt and its impact on both graduates and older Americans. Americans owe over $1.3 trillion in student loan debt.[i] The average 2016 graduate has $37,172 in student loan debt.[ii] The number of older consumers aged 60 and older with student loan debt has quadrupled from 2005 to 2015, increasing from about 700,000 to 2.8 million consumers.[iii] The number of borrowers age 65 and older who had their Social Security benefits offset to repay a federal student loan increased from about 8,700 to 40,000 borrowers from 2005 to 2015.[iv] Obviously saving more money is one way of reducing...
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New Year, a Financially Happier You
I love celebrating the New Year.  Like many, I see the passing from one year to the next as an opportunity to make changes to my life that will make the New Year a happier one for me.  Here are 5 tips to making a financially happier you.  1.     Pay off your credit card debt.  It's really stressful not to mention costly to carry credit card debt month to month.   Financially the quickest and most cost effective way to pay off your debt is to pay off your credit cards in order of highest interest rate card to lowest interest rate card.  You make the minimum payments on the cards with the lower interest rates while paying as much as you can on the card with the highest interest rate.  Once the card with the highest interest rate is paid...
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Thinking about buying a home?
Before you find a realtor, have a conversation with your financial planner. Owning a home can be one of the biggest wealth creators but it can also become a financial disaster for some.  Your decisions around where to buy, when to buy, and how you finance the home will not only impact whether or not you end up making any money when you sell it but these decisions will have a significant impact on whether or not you reach your other financial goals.  Many people don't consider if the new home will really make them happy but if it takes away from the things you really want to be doing it can make you very unhappy.  Here are some of the things your financial planner should review with you so you can make an informed decision. Will the new...
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Fall is the Best Time to Buy a New Car
Many people ask me if it is best to lease, buy new or buy a used car.  As with most financial questions, it depends on your personal situation.  In order to reach your financial goals, the general rule of thumb is to follow the 50, 30, 20 rule in your budget.  50% of your budget is allocated towards your Living Expenses; home, utilities, transportation, groceries, etc.  30% allocated toward your lifestyle expenses; vacations, shopping, restaurants, etc.  The remaining 20% should be allocated toward your financial priorities; paying off debt, retirement, college, etc.   How you allocate your funds within each of those categories is up to your personal preference.   Meaning maybe you get more enjoyment out of driving the latest sports car...
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Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

This communication is strictly intended for individuals residing in the state(s) of NC. No offers may be made or accepted from any resident outside the specific states referenced.

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