Risk management involves a number of important considerations. The objective of risk management is to conserve the physical assets of the business using techniques and procedures that do not necessarily include purchasing more insurance. The first step is to identify all the potential exposures a business faces. Exposures could include being sued by a former…
Read more
How can I plan for college tuition?
You can open a fund specific for college funding which allows you to set aside funds for future use in paying educational expenses. The money is usually invested in mutual funds and grows on a tax free basis.
Read more
What does asset allocation mean?
Asset allocation is a term used to refer to how an investor distributes his or her investments among various vehicles (stocks, bonds, mutual funds).
Read more
What is the difference between a retirement plan and investing?
A retirement plan refers to the arrangements you make during your life time to plan for a steady income during your retirement. Investing can be part of that retirement plan, and is a term relating to saving and earning additional income usually through purchasing assets (stocks, bonds and mutual funds), in hopes of getting a…
Read more
What are the key pieces to a retirement plan?
The first piece is to finding the person you are comfortable with who can help you develop your financial strategies and determine what is appropriate for you given factors such as your age, and appetite for risk. You then need to look at several key parts of your plan to protect your life, your investments,…
Read more