One of the debt rating agencies in the U.S., Fitch, just downgraded the debt of the United States to AA from AAA. The last time something like this happened was in 2011 when Moody’s made a similar adjustment. What does this mean?
As we journey through life, we create memories, experiences, and a legacy that shapes the lives of those we leave behind. One way to ensure that our legacy is cherished and will transition smoothly is by having open and honest discussions with our family members.
Money is a tool and not a toy. The same thing goes for incurring debts. Debt allows you to purchase big assets that would otherwise be unobtainable with your current funds.
Building a diversified and resilient investment portfolio is a crucial step toward achieving your financial goals. However, the unpredictable nature of the financial markets demands a proactive approach to risk management. That's where stress testing comes into play.
While it is possible to arrive at your preferred destination (retirement) without any kind of financial planning, you may have some bumps and detours along the way.
In the U.S. owning your own home is the cornerstone of the American Dream and is often the first step in creating a bright financial future for yourself and your family. Owning a home expands future options because, down the road, you can sell for a profit or build net worth with increasing home equity.