Posts Tagged ‘Savings’

Characteristics of the Millionaire Next Door

Tuesday, November 1st, 2016

Just how many millionaires does America have? By the latest estimation of Spectrem Group, a research firm studying affluent and high net worth investors, it has more than ever before. In 2015, the U.S. had 10.4 million households with assets of $1 million or greater, aside from their homes....

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The Psychology of Saving

Tuesday, August 16th, 2016

Why do some households save more than others? Building household savings may depend not only on cash flow, but also on psychology. With the right outlook, saving becomes a commitment. With a less positive outlook, it becomes a task – and tasks and chores are often postponed. Financially speaking,...

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Do Our Biases Inhibit Our Retirement Savings Efforts?

Friday, August 5th, 2016

Picture an 18-wheeler, its 4,000-cubic-foot cargo trailer filled to capacity with stacks of $100 bills. The driver shuts and locks the trailer, closing the door on roughly $10 billion. Now imagine that truck driving off to a landfill, where that $10 billion will be dumped, shredded and buried, rendered...

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Building a College Fund

Monday, February 15th, 2016

According to Sallie Mae, U.S. families with one or more college students spent an average of $24,164 on tuition, housing, and linked expenses in 2015. That was 16% more than in 2014.1 Statistics like these underline the importance of saving and investing to fund a university education, but that...

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Are You on Target to Reach Your Retirement Goals?

Thursday, October 22nd, 2015

October 18-24 is National Save for Retirement Week – a reminder of the importance of saving and investing with the goal of a comfortable future. Are Americans saving enough for tomorrow? All kinds of articles will tell you that Americans are not. Those articles may not be telling the...

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Procrastination Can Cost You

Tuesday, July 28th, 2015

Putting off retirement savings is a missed opportunity Most people start saving for retirement at 35 — fully 10 years beyond the ideal age, according to a recent Financial Engines survey.1 Reasons to procrastinate are familiar to many. But delaying your savings can be costly, as the chart below...

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Seriously?! Top 6 Good Money Habits for Teens

Tuesday, July 14th, 2015

Before your teenagers start working or head off to college, put them on the road to financial literacy Do your teenagers know how to manage their money? Many young people are no longer starting out their adult life in a traditional job with a pension. That’s why it’s critically...

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Top 5: The Right Mindset for Saving

Tuesday, July 7th, 2015

Positive thinking is an important part of visualizing your financial future. As much as we recognize the need to save for retirement, many small obstacles tend to get in the way of taking action. It turns out the decisions we make about financial matters, including putting off saving and...

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A 10-Question Quiz to Sharpen Your Money Smarts

Tuesday, June 30th, 2015

See how much you know about how you should be saving and spending by taking this quick multiple-choice quiz (answers and scorecard provided at end). 1. Is it better to pay off your credit cards or add to your savings? a. It is better to pay down your credit...

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Have I Saved Enough to Pay for My Child’s College Education?

Wednesday, August 6th, 2014

By Mark Jensen, Associate Often times when clients come to us at WFG it is because they are trying to determine if they have saved enough to pay for their children’s college education.  This is certainly understandable because so many others struggle with this same issue.  So in order...

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