Gold has played a pivotal role in human societies for thousands of years. From its uses in jewelry and technology to serving as a monetary standard for major economies, gold has held multifaceted significance in history. Today, the appeal of physical gold endures,...
An individual retirement account (IRA) is a financial tool used by millions of people to save money for the years after they are done working. But what if you don’t work outside the home? What if you’re a spouse who decided to focus on taking care of your home and...
Efficient frontier is a financial strategy that’s all about gauging return versus risk. It’s a concept that is used by financial advisors to inform which assets or asset classes should be included in a portfolio. The goal of efficient frontier is to maximize returns...
Back in the 2010s, a Rhode Island couple made a smart move when they purchased gold to include in their IRA. However, they overlooked one important guideline regarding storage of precious metals. They kept their IRA gold in home storage instead of at an IRS-approved...
If you have accumulated wealth, you may be wondering if you should focus on preserving that wealth or accumulating more. While many people may automatically think accumulating more wealth is the way to go, that may not always be the case for every financial situation....
The U.S. political landscape has become more polarized than ever before. In fact, a study of developed democracies around the world found that the political polarization trend in the U.S. is more dramatic than in any other country in the study. In the months prior to...
Some financial changes are expected and even planned for, like getting married or sending kids to college. But numerous outside forces can also unexpectedly impact a person’s financial situation. That’s why periodically rebalancing your portfolio is often recommended...
Portfolio diversification is a personal financial strategy based on the idea that diverse holdings help bring balance and stability to a portfolio. Think of a diversified portfolio like a store that sells both sunglasses and umbrellas. On sunny days, it sells...
Asset allocation is an essential component of portfolio diversification that helps mitigate risk and protect wealth. But what all does asset allocation involve? Is it something an individual can manage on their own, or is a financial planner needed? If you already...
You’ve worked hard to build your net worth. Wealth management helps you get the most out of your efforts. What is wealth management? While wealth protection is meant to safeguard assets, wealth management is defined as the process of reviewing and making decisions...
“Inflation” is a word that makes many people uneasy. Yet it’s a normal aspect of the economy that affects our purchasing power—and the impact of inflation can be felt beyond the monthly grocery bill or at the gas pump. Inflation can also have an effect on a person’s...
One of the topics I’ve tried to bring to our clients’ attention is the state of liquidity in our monetary system. Simply put, financial institutions like to use U.S. Treasurys as collateral when loaning money to one another, and when the availability of certain...
