Without proper retirement planning, you can be faced with a significant cut in your income at retirement, requiring dramatic changes to the lifestyle to which you have become accustomed.
Most of us will live a long time in retirement – possibly as many as 20 years, without generating income through employment.
The purpose of investing is to improve our future circumstances or future lifestyle.
Estate planning can have a lasting impact on your family – though not as much as not doing it.
Choosing the right insurance company for you is one of the most critical steps in managing your insurable risks. It means asking all of the right questions and thoroughly investigating your options.
The objective of investing is to receive a future flow of funds larger than the funds originally invested.
A home is one of the largest purchases most people make during their lifetime. Therefore, homeowners' insurance protection is critical and strongly recommended.
Are you covered against the primary critical illnesses, such as cancer, heart attack and stroke that can cause emotional and financial distress?
Investing requires the trade-off of present income (consumption) for future income (consumption).
There are three ways to manage money: Market timing, security selection, and asset allocation. The first two, in our view, involve too much luck and risk.
The most valuable asset that the vast majority of the adult population has is the ability to work to earn the income required to provide for a reasonable lifestyle and to build net worth.
Cash management is the understanding and analysis of what you earn, what is deducted (e.g. taxes), what you spend and what you save.
You will need 4 to 10 times the amount you paid for your house to enjoy a comfortable retirement.
Everyone needs a financial plan for their life, from those with ten dollars to those with ten million. Life takes money – whether you plan or not.
Maintaining your quality of life after the diagnosis of a critical illness and dealing with financial commitments can cause hardship for you and your families. Critical illness insurance can protect your family's future.
Credit, like a knife, is neither good nor bad – it depends on the use to which it is put. Debt affords us the opportunity to benefit from things that we may not be able to purchase in the short term, such as a home. Through a mortgage, you have the opportunity to live in and enjoy your home, without being required to have the funds to purchase it immediately. Therefore mortgages have increased the opportunity for many Caribbean people to own and improve the quality of their homes. At the same time, credit has a cost – we have to pay for the privilege of using someone else's money.
Similarly credit cards provide security and convenience but the high interest rates and significant penalties for late payment can make it a very poor way to access credit.
Managing credit and debt is therefore focused on the appropriate and effective use of credit and debt.
|
|
More than you want and less than you need
Often, in the seminars and workshops we do, we are asked about the purchase of whole life insurance vs buying term life.
|
Subscribe to be updated on announcements, news, and info.
|
