info@northlightfinancialservices.com

A Bucket Plan to Go with Your Bucket List
Gallery
A Bucket Plan to Go with Your Bucket List

Retirement

A Bucket Plan to Go with Your Bucket List

A Bucket Plan to Go with Your Bucket List John and Mary are nearing retirement and they have a lot of items on their bucket list. Longer life expectancies mean John and Mary may need to prepare for two or even three decades of retirement. How should they position their money?1 One approach is to segment your expenses into three buckets: Basic Living Expenses— Food, Rent, Utilities, etc. Discretionary Spending — Vacations, Dining Out, etc. Legacy Assets — for heirs [...]

By info@northlightfinancialservices.com|2022-07-22T12:05:39-04:00July 22nd, 2022|Retirement|Comments Off

Choices for Your 401(k) at a Former Employer
Gallery
Choices for Your 401(k) at a Former Employer

401(k)/403(b)

Choices for Your 401(k) at a Former Employer

Choices for Your 401(k) at a Former Employer One of the common threads of a mobile workforce is that many individuals who leave their job are faced with a decision about what to do with their 401(k) account.¹ Individuals have four choices with the 401(k) account they accrued at a previous employer.2 Choice 1: Leave It with Your Previous Employer You may choose to do nothing and leave your account in your previous employer’s 401(k) plan. However, if your account [...]

By info@northlightfinancialservices.com|2022-07-01T16:16:17-04:00July 1st, 2022|401(k)/403(b)|Comments Off

8 Retirement Mistakes to Avoid
Gallery
8 Retirement Mistakes to Avoid

Retirement

8 Retirement Mistakes to Avoid

Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy: Yes, the biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you no way of knowing how you’ll get there—and if you’ve even arrived. Creating a strategy may increase your potential for success, both before and after retirement. Frequent Trading: Chasing “hot” investments often [...]

By info@northlightfinancialservices.com|2022-06-20T10:59:36-04:00June 20th, 2022|Retirement|Comments Off

Value Investing vs Growth Investing
Gallery
Value Investing vs Growth Investing

Investing

Value Investing vs Growth Investing

Looking at their recent track records doesn’t do much to settle the debate. Over the past decade, as a whole, value stocks have not performed as well as growth stocks. But looking at a larger body of cumulative data, reaching as far back as 1926, this has not always been the case. Let’s dive in a little deeper.1 Investing for Value Value investors look for bargains. That is, they attempt to find stocks that are trading below the value of [...]

By info@northlightfinancialservices.com|2022-06-20T10:48:02-04:00May 31st, 2022|Investing|Comments Off

You Need an Emergency Fund!
Gallery
You Need an Emergency Fund!

Personal Finance, Saving & Budgeting

You Need an Emergency Fund!

Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as you're driving to work, you see smoke coming from under your hood. Bad things happen to the best of us, and sometimes it seems like they come in waves. That's when an emergency cash fund can come in handy. One survey found that nearly 25% of [...]

By info@northlightfinancialservices.com|2022-05-26T15:12:49-04:00May 15th, 2022|Personal Finance, Saving & Budgeting|Comments Off

About info@northlightfinancialservices.com