Money Mistakes You Don’t Have to Make

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Money mistakes can happen at any age — whether you’re negotiating your first job offer or planning your retirement. The good news? With a few simple steps, you can gain control of your financial future starting today.

Ready to reach your goals? Here’s how to be financially savvy no matter where you are in life:

ETFs Are More Tax-Efficient Than Mutual Funds. Here’s Why.

From: www.thinkadvisor.com

Outflows tend to hurt open-end mutual funds’ tax efficiency, while ETFs tend to be resilient.

Not surprising to any advisor, a key advantage of using ETFs versus mutual funds is the former’s tax efficiency. However, a new Morningstar study explores the sources of ETFs’ tax efficiency verses index mutual funds, and found that ETFs tend to be more tax-efficient…

4 Things to Do if Your Data Is Compromised

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

If you keep up with the news, you’ve seen that several companies have had their databases hacked recently. So what can you do if you think your personal data may have been compromised?

Here are four key steps to take if you’re notified of a data breach.

1. Change Your Passwords

First, you’ll want to change your…

6 Ways to Make the Best of a Windfall

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Have you ever daydreamed about receiving a sudden windfall?

At some point many of us will receive an insurance payout, a significant tax refund or a bonus for a job well-done.

Though it would be tempting to put the whole amount toward a luxurious vacation or a new car, it’s important to think about your long-term…

Common factors affecting retirement income

From: Key Private Bank

When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that
can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be
impacted by investment risk, infl ation risk, catastrophic illness or long-term care, and taxes, you may not be able to enjoy the retirement you envision.

Investment risk

Different types of investments…

When should you talk about your finances?

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Have you ever wanted to talk about money with a friend or partner, then decided against it? It can be uncomfortable to share how much you earn, how much you’ve saved or how much you owe.

You might feel ashamed of your credit card balance or feel awkward that you seem to earn more than your friends.

But…

A key component of planning your financial strategy is finding the right advisor to help you reach your investment goals. With over
300,000 professionals working under the title of “personal financial advisor” today1, it can be difficult to know which one to choose.

It is important to find an advisor that has the freedom and independence to find financial solutions that best fit your unique needs. Independent registered investment advisors (RIAs), one of the fastest…

Don’t Bother Trying to Pick Stocks

From: us.dimensional.com

New Dimensional research shows that managers usually fall short when they try to outguess market prices. That’s good news for investors.

If markets do a good job of pricing securities, you should expect managers who focus on finding pricing “mistakes” to struggle. Dimensional’s Mutual Fund Landscape 2019 study confirms this principle, showing that most fund managers underperform their benchmarks.1 The results suggest that…

Have you heard these 5 money myths?

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Has anyone ever made an unfair assumption about your money habits? Was that assumption based on how old you are?

People often look for patterns and trends when it comes to spending and saving, but in reality, your financial approach probably isn’t based on age or decade alone.

What do you think? Do these common beliefs hold true,…