No one can make a good financial decision under pressure. This situation is particularly true for someone in financial crisis. A person has a crisis and needs cash to get through it. One possible source of cash is to sell the future payments of an annuity investment. Be careful: This is a huge financial decision that needs to be analyzed carefully.
Managing your company’s health insurance plan can be frustrating. You want to provide this valuable benefit to your workers. However, the cost of the benefit increases each year. If you don’t take steps to control these costs, they can have a huge impact on your profits.
None of us make good decisions when we’re under stress. When we’re anxious or “under the gun”, we may not think clearly. These are the types of situations that may lead to a bad decision. When you make an investment decision, you may benefit from speaking with a financial professional.
Understanding the details of your mutual fund can be frustrating. There’s so much information available, it’s difficult to know what’s important. What key data points really impact the cost and investment performance of your fund? One specific type of cost may not be adequately disclosed.
The Decision Is Critical
Your choices about financial advice have a huge impact over your lifetime. Other than decisions about relationships and careers, these choices may have the biggest impact on your personal life. There are two trends that make finding a financial advisor difficult for investors:
#1- An overload of financial information
Technology now provides investors with too much information. People are overwhelmed with information about investing. They don’t have a tool to shift through all of the information and determine what is useful.
#2- An increasing number of advisors
The number of financial advisors is growing. Professiosnals such as CPAs, Attorneys, Bankers and Insurance Agents are entering the field. As the number of professionals increases, so does the advertising and marketing. Investors also need a tool to choose a financial advisor.
The Affordable Care Act (ACA) has created a great deal of confusion for individuals who need insurance coverage. First, people need to know whether or not they are in compliance with ACA. So, that’s one unknown. Once you get ACA coverage, a second unknown is the increases you face with your insurance premiums.
Your rates are going up- but how much?
Decisions about personal debt can be stressful. Your decisions about debt can have an impact on your finances for years into the future. It’s important to take a deep breath and think through your options. Take the time you need to make smart decisions about debt- and avoid these mistakes.
Small mistakes with your finances can make a huge impact over time. The small mistakes are annoying, because it takes some effort to notice them. This means that you need to spend some time looking at your finances- maybe each week. Here are three common mistakes that can cost you.
Having a large amount of personal debt can be frustrating. Like any big problem, it can be difficult to visualize a process for getting out of debt. The Greek debt crisis serves as a cautionary tale about debt. We can all learn from the mistakes made by Greece.