More people are saving more money for retirement than they have in the past few decades, according to a recent report from the U.S. Government Accountability Office. That’s great news! Now, for the not-so-great news. The report, titled “Retirement Security: Income and Wealth Disparities Continue … [Read more...] about Encouraging All to Save for Retirement
Ronald Stevenson
Are You Prepared for a Bear Market?
If you’ve ever visited New York City, you may have seen the famous bull statue in the Financial District. That bull is considered a sign of optimism, indicative of what’s known as a bull market. A bull market generally refers to a time when the stock market is rising and is expected to continue … [Read more...] about Are You Prepared for a Bear Market?
Creating Your Own Retirement Plan
Saving for retirement has become much more simple with automated savings for accounts like 401(k)s, but what do you do if you’re self-employed or work at a company that doesn’t offer a retirement plan? According to a study by the Employee Benefit Research Institute, fewer than half of American … [Read more...] about Creating Your Own Retirement Plan
Building Wealth Might Be Simpler Than You Think
Wealth building isn’t about get-rich-quick schemes or chasing the trends in the stock market. Often, it just comes down to making the right financial decisions, big and small, over an extended period of time. Recently, we came across an Investopedia.com article from May 2019 entitled, “3 Simple … [Read more...] about Building Wealth Might Be Simpler Than You Think
Rebalancing Your Portfolio Allocations
In today’s uncertain financial landscape and based on the market run-up we have seen the last few years, we believe it is more important than ever to establish a well-maintained portfolio that can help you reach your financial goals. Your portfolio needs to not only meet your need for capital, but … [Read more...] about Rebalancing Your Portfolio Allocations
Discussing the Number One Concern About Retirement
Baby Boomers are retiring at astonishing rates and are looking for ways to replace their steady paycheck. They are worried about the potential of Social Security diminishing and what might happen to their retirement if it does. At American Financial Security, we believe that the number one concern … [Read more...] about Discussing the Number One Concern About Retirement
Using Life Insurance for Financial, Tax Planning
Do you have a financial plan set up to protect your loved ones after you pass away? With a well-thought-out life insurance plan, you can do just that. The purpose of life insurance is to help provide a measure of financial well-being for your family and loved ones when you are no longer there. With … [Read more...] about Using Life Insurance for Financial, Tax Planning
Re-Balancing Your Portfolio Allocations
In today’s uncertain financial landscape and based on the market run up we have seen in 2017, we believe it is more important than ever to establish a well-maintained portfolio that can help you reach your financial goals. Your portfolio needs to not only meet your need for capital, but also provide … [Read more...] about Re-Balancing Your Portfolio Allocations
Ringing in Financial Tips for the New Year
For many people, the New Year means new goals and resolutions. Last year, nearly one-third of Americans made New Year’s resolutions, with half reporting that they want to save more, according to the New Year Financial Resolutions study from Fidelity. You may be one of the many who created a … [Read more...] about Ringing in Financial Tips for the New Year
Understanding Basic Financial Concepts
Having financial literacy means being able to discern the major financial issues that most people encounter at one point or another, including debts, investments, emergencies and beyond. Sounds straightforward, right? But statistics regarding the average American’s relationship to money reveal … [Read more...] about Understanding Basic Financial Concepts