Gain Perspective on Financial Planning. Investments. Your Future.

How to fix common financial mistakes

DON’T HAVE A FINANCIAL PLAN?

Can you build a house without a set of blueprints?

Can you build your retirement without a written financial plan?

Saving without direction is like going on a trip without making hotel reservations, maybe you’ll find a nice hotel, but maybe you’ll end up spending the night on a park bench. Break through the obstacles of retirement planning by creating a financial plan.

DON’T UPDATE YOUR PLAN ON A REGULAR BASIS?

Would you keep expired milk in your fridge or pour it into your coffee in the morning? Following an outdated financial plan can have the same sour results. If you need inspiration to update your plan consider the problems with online retirement calculators.

WHEN WAS THE LAST TIME YOU UPDATED YOUR INVESTMENT PORTFOLIO?

Your financial plan should be updated annually, or more often, if a major event happens in your personal life or the economy.

When updating your portfolio keep in mind individual holdings, asset allocation, and risk management strategies.

AND IF YOU DIDN’T LIKE THOSE SOLUTIONS, HERE’S ANOTHER SOLUTION:

Fix the 2 most common financial planning mistakes with a simple phone call to your financial advisor.

Profile Perspectives is a personal finance blog based on articles Doug Goldstein, CFP®, director of Profile Investment Services, Ltd., published in The Jerusalem Post. The information posted is purely informational and does not constitute investment or tax advice. Advertisements on the site are neither endorsements nor recommendations. Consult your professional advisors before making any investments based on articles or advertisements. Securities offered through Portfolio Resources Group, Inc., member of FINRA, SIPC, MSRB, FSI. Accounts carried by Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation.

Privacy Policy | Disclaimer