Financial Planning and Wealth Management

Financial resolutions that work: Looking back to move forward

With the new year around the corner, it’s easy to look ahead with the best of intentions. “Next year, I’ll manage my budget better.” “Starting January 1, I’ll give up my $5 coffee fix for good.” Facing forward is great, but don’t forget to look in the rearview mirror, too. Taking a realistic look at how you’ve done financially over the past year, and where you stand now, can help you set better financial resolutions for next year. Here’s what to evaluate:

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Author SAC FCU Managing Editor

Financial Planning and Wealth Management

Robotic trading advisors: truth vs. hype

If you grew up watching The Jetsons, Star Wars and the like, you probably figured that by now, we’d all have personal robots completing many of our daily tasks. And while there’s much that can be done by our android friends, it’s clear that human interaction won’t be replaced so easily. As an example, consider a financial trend that’s gaining traction lately: robo-advisors. What exactly are they and what can they do? We’ll explore the trend with insight from Beverly L. Hobbs, AAMS®, an LPL Financial Advisor with SAC FCU Wealth Management (a real human!) to see what robo-advisors can and can’t do.

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Author SAC FCU Managing Editor

Financial Planning and Wealth Management

Managing personal finances in your 20’s: Give yourself a head start

When you’re just beginning your (gulp) “adult life,” the last thing on your mind is likely how you want to retire or what your life will look like decades from now. That’s something your parents, wealthy people, or investment bankers worry about, right? For you, it all seems so far down the road. But there’s a saying that perfectly captures the flaw in this line of thinking: “The trouble is, you think you have time.”

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Author SAC FCU Managing Editor

Financial Planning and Wealth Management

4 retirement tips to help you ease into your next chapter

If you’re like most new retirees, you probably have a wish list of things you look forward to doing in your free time. Travel. Visit with your grandkids. Do more volunteering. It’s a great time in your life, but it’s also a big transition financially, as you move from relying on employment income to living on your retirement savings. With this in mind, we’ve put together another important list for you: four essential retirement tips that can help you ease into your next chapter.
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Author SAC FCU Managing Editor

Financial Planning and Wealth Management

Don’t keep up with the Joneses (for your own financial well-being)

Rich people live in huge houses, drive shiny new cars, and always have the latest and greatest gadgets, clothes, and more. Or do they? The fact is, how much stuff a person has is almost no indication of how much money they have in their savings account. Actually, it stands to reason that the more things they have, the less money they have. Your neighbors’ new boat doesn’t necessarily mean they have more money than you, and it certainly isn’t an indication of their financial well-being (or how well they sleep at night).

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Author SAC FCU Managing Editor