Many couples, especially in two-income families, keep at least some of their earnings separate. This can make it challenging to reach a place where both spouses have a complete grasp of their monthly income and expenses. If this is true for you, then as you are approaching retirement is a critical time to sit down with your spouse and make sure you both have a thorough understanding
During my 12 weeks with BCR Wealth Strategies, I have had the experience any student wanting to pursue a career in the financial industry would love to have. On my first day, I walked in not knowing much about financial planning; since then, I have received ample opportunities to learn and grow my knowledge of the industry.
It probably comes as no surprise to you that one of the main reasons for investing in the stock market is to protect against inflation, which gradually erodes the value of our dollars over time. While keeping your money safely under a mattress certainly protects against market risk, it does not shield you from inflation risk as your money steadily decreases in value.