Presents
that encourage savings and reduce debt can be a lot more meaningful than
another gadget, according to Veronica Dagher, writing for The Wall Street
Journal (12/13/16). "Forget about buying your loved ones sweaters or
gadgets this holiday season. Instead, consider giving a financial gift, not
cash or a check stuffed in an envelope. Think of gifts that can help a person
save for college or deal with a big expense, or teach them how to manage their
money more effectively."
1. Give
time with a financial planner.
2. Help
fund post-secondary education with a 529 savings plan.
3. Help pay bills. Most people need
to pay down debt more than they need another consumer item. For those with
student loans, money to help repay would be most welcome.
4. Make a donation to a charity in
honor of the gift recipient. For children, a donation to their local zoo, bird
sanctuary, museum, recreational program, or other program they benefit from...
along with a related physical gift such as an item from the zoo or museum's
shop.
Every investment product has some sort of investment management cost associated with it – even so-called “no load” mutual funds inside retirement plans. These management fees vary widely and can range from a few basis points (fractions of a percent) to nearly 2 percent per year. This management fee is deducted from your account’s return every year. You don’t see it, but you do pay it by a reduction in return.
ReplyDeleteWhen Trilogy Wealth Advisors manages money for a fee based on the asset value, we use low-cost index funds called Exchange Traded Funds or ETFs. These are very low cost index funds that have internal management fees ranging from as low as 0.09% to 0.60%. The average cost is about 0.30%. When we add our fee for managing qualified retirement plan money, the total cost is often very competitive when compared to the rate currently paid inside a typical 401k plan.
We feel that the value of our full financial planning and investment advice is a valuable and worthwhile option – especially when you can get it for a price similar to what you now pay to self-direct your 401k. Why not get professional help with the investment that, next to your home, is probably the largest financial asset you own?
Retirement planning Bryan Ohio
Presents are great not only when you receive them, but also when you give them to others! But presents, decorations, expensive meal during holidays make you go over your initial budget. However, did you know, there are pretty good ways to handle your holiday expenses, such as applying to payday loans? Try to look for best lending opportunities at Find Lender. It’s a very convenient way of getting quick cash for a very short period before your paycheck comes or you’ll have profits in business.
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