Braun-Bostich & Associates All Weather Wealth Tips
Weekly Wealth Tip
“Yes, the markets do have their seasons, and that includes frequent storms. While we haven’t suffered an impactful market downturn in quite some time, we believe its better to be prepared for stormy weather than be surprised by it.” ⁓ Amy Braun-Bostich, CEO and Private Wealth Advisor
To avoid making rash decisions in any market condition, consider working with a Financial Advisor
Pittsburgh Weather Now is pleased to be teaming up with the advisors at Braun-Bostich & Associates to bring you useful Financial-Life Tips and Insights each week. Information pertaining to family, education, healthcare, taxes, business, retirement and much more.
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Losing your job can be a devastating turn of events. You may have felt it coming or maybe you were totally blindsided by layoffs or cutbacks that you had zero control over. At the time you are let go, you may feel a bit of panic coming on (or a lot of panic!) about what to do regarding your finances.
When you want to stash away some of your money, it’s likely you’ll turn to the account options provided by local banks and credit unions. While it’s common to open a checking and savings account for easy access to your cash, it’s important to consider all of your options – including money market accounts (MMA). Below we’ll outline what your options are and the important considerations to make as you decide which is right for you.
Some observers have noticed that Millennials could be making better decisions when it comes to investment strategies. Make sure you’re avoiding the investment mistakes some Millennials are making.
Spending can quickly get out of hand if you don’t have a budget and you have the “I want” syndrome. You start with good intentions, but before you know it, you’ve spent money that was earmarked for saving, or something else. What happened? In order to get to the root of the problem and address overspending issues, there are a few things you must do.
Developing good money habits in your early adult years can help you position yourself for financial stability and better grow your wealth over time. The sad truth is that many young adults in their 20’s are unaware of how to best manage their money and will often regret the monetary decisions they made in their 20’s well into their 30’s and 40’s. For 20-year-olds looking to get into good money habits early, below are four things you should know.
Once your last paycheck has been deposited, you’re essentially on your own when it comes to creating a steady income throughout retirement. That’s where retirement withdrawal strategies can come into play. Spending your savings without the checks and balances of a proper plan in place could leave you in a situation many retirees dread. In fact, 37 percent of today’s retirees are most afraid of running out of savings in retirement, while 23 percent fear they won’t be able to meet the basic financial needs of their family.
Braun-Bostich & Associates Inc. a registered investment advisor. This information is being provided only as a general source of information and is not intended to be used as a primary basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. Please seek the advice of your advisor regarding your particular financial concerns. While the information is believed to be accurate, distribution of this material should not be considered an endorsement of any particular investment strategy, product or service described therein.