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Having the Money Talk with Your Children
Investing in Agreement with Your Beliefs
The Real Cost of College
Keep Calm, Stay Invested
Why Retirees Need Good Credit Scores

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Having the Money Talk with Your Children

Having the Money Talk with Your Children
 
How much financial knowledge do they have?
 
 
Some young adults manage to acquire a fair amount of financial literacy. In the classroom or the workplace, they learn a great deal about financial principles. Others lack such knowledge and learn money lessons by paying, to reference William Blake, "the price of experience."
 
Broadly speaking, how much financial literacy do young people have today? At this writing, some of the most recent data appears in U.

Investing in Agreement with Your Beliefs

Investing in Agreement With Your Beliefs

The case for aligning your portfolio with your outlook & worldview.
   
Do your investment choices reflect your outlook? Are they in agreement with your values? These questions may seem rather deep when it comes to deciding what to buy or sell, but some great investors have built fortunes by investing according to the ethical, moral and spiritual tenets that guide their lives.     
 
Sir John Templeton stands out as an example.

The Real Cost of College

The Real Cost of College
 
It may not be what you think. 
 
 
How much will your family end up paying for college? Your household's income may have less influence than you think - and some private colleges may be cheaper than you assume.
 
Private schools sometimes extend the best aid offers. Yes - it is true that the more money you earn and the more assets you have in a tax-advantaged college savings plan, the harder it becomes to qualify for financial aid. Merit aid is another matter, however; most private colleges and universities that boast major endowment funds that support healthy merit-based aid packages.

Keep Calm, Stay Invested

Keep Calm, Stay Invested

Expect more volatility, but avoid letting the headlines alter your plans.
 
Recent headlines have disturbed what was an unusually calm stock market. The political uproar in Washington may continue for weeks or months, and it could mean significant, ongoing turbulence for Wall Street.
 
As an investor, a retirement saver, how much will this turmoil matter to you in the long run? Perhaps, very little. There are many good reasons to remain in the market.
   
The earnings recession has ended, and the economy has strengthened.

Why Retirees Need Good Credit Scores

Why Retirees Need Good Credit Scores

Careers & businesses end, but the need to borrow remains.
 
We spend much of our adult lives working, borrowing, and buying. A good credit score is our ally along the way. It retains its importance when we retire.
 
Retirees should do everything they can to maintain their credit rating. A FICO score of 700 or higher is useful whether an individual works or not. 
 
For example, some retirees will decide to refinance their home loans. A recently published study from the Center for Retirement Research at Boston College noted that in 2013, 50% of homeowners older than 55 carried some form of housing debt.

The Importance of Financial Literacy

The Importance of Financial Literacy

Too few Americans understand personal finance fundamentals.
 
If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. 
 
Are most people clueless about financial matters? That depends on what gauge you want to use to measure financial knowledge. The U.S. ranked fourteenth in Standard & Poor's 2015 Global Financial Literacy Study, with just 57% of the country's population estimated as financially literate.

The Rough Consequences of Not Saving for Retirement

The Rough Consequences of Not Saving for Retirement

Do you really want to risk facing these potential outcomes?
 
 
Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one's income, money that could be used for any number of bills or luxuries, is a sacrifice made in the present in order to avoid a larger trouble down the road.
 
More than a quarter of seniors have no retirement savings. To be more specific, the Government Accountability Office says 29% of households headed by people 55 or older have no savings in a retirement account and no possibility of receiving an employer pension.

Insurance and Investments

Insurance and Investments

A good financial strategy is not just about "making money;" it is also about protection.
 
 
Some people mistake investing for financial planning. Their "financial strategy" is an investing strategy, in which they chase the return and focus on the yield of their portfolio. As they do so, they miss the big picture.
 
Investing represents but one facet of long-term financial planning. Trying to build wealth is one thing; trying to protect it is another.

How Will You Spend Your Retirement Savings?

Keep an eye on where it goes, as some destinations may be better than others.
   
You can probably envision how most of your retirement money will be spent. Much of it will be used on living expenses, health care expenses, and, perhaps, debt reduction. Beyond the basics, you will unquestionably reserve some of those dollars for grand adventures and great experiences. If your financial situation permits, you may also contribute to charity.  
 
You just have to remember that your retirement fund is not a bottomless well.

Combining Your Finances When You Marry

How separate (or intertwined) should your financial lives be?
 
Some spouses share everything with each other - including the smallest details of their personal finances. Other spouses decide to keep some individual financial decisions and details to themselves, and their relationship is just fine.  
 
Just as a marriage requires understanding, respect, and compromise, so does the financial life of a married couple. If you are marrying soon or have just married, you may be surprised (and encouraged) by the way your individual finances may and may not need to change.