As young people start their first jobs earning full-time salaries, they should start thinking about saving for their future.  Especially those fortunate enough to graduate without student loans!  We think about saving in three buckets – emergency savings, retirement savings, and mid-term savings.  The most important thing is to get started early.

A mismatch between an investor’s risk tolerance and investment strategy can lead to poor decision-making, such as panic-selling during downturns.  Reviewing past investment behavior and working with a financial advisor can provide insight into your actual risk aversion. Because risk tolerance can change over time, especially after major life events, it’s important to reassess it periodically to keep investment strategies aligned with current goals and feelings.

One of the secrets of increasing wealth is the power of compound growth over time.  For those who start saving early, compounding growth can substantially increase your invested balance over time.

The cost of college has skyrocketed in recent years.  The right savings strategy can help you prepare for education expenses through asset growth, tax advantages, and a consistent approach.  We believe 529 plans provide a favorable way to proactively save for education because they can deliver those features and help people prepare for investment in education.  Listen here for more and don’t hesitate to reach out if you’d like to talk more about 529s.

Inflation has been a buzzword this year. What is it and what could it mean for you?

It’s normal to think you have to “win” to win - but with wealth, sometimes you actually win by not losing.