Planning for retirement is a crucial aspect of financial stability, and making informed investment decisions plays a significant role in ensuring a comfortable and secure future. At Prism Capital Management, we understand the importance of balancing growth and security in your retirement portfolio. This article aims to guide you through effective investment strategies that will help you achieve this balance.
As another tax season comes to a close, many individuals breathe a sigh of relief, grateful to have filed their returns on time. However, amidst the flurry of paperwork and calculations, there’s a crucial aspect of financial planning that often gets overlooked: estate planning. While taxes may dominate the financial landscape during tax season, estate planning is equally—if not more—important, especially when considering the long-term security and distribution of one’s assets.
When a spouse, parent, sibling, or other loved one dies, administering their estate becomes the responsibility of a family member or professional. If you are not a professional, expect to be thrusted into details of the Internal Revenue Code after the death of a loved one.
Stock investors are assuming the debt ceiling problem would be resolved. Otherwise, stocks would have plunged this past week.
An investment’s risk is usually defined as its standard deviation. The financial press and investment marketers cannot be faulted for defining risk as standard deviation. Reducing the concept to a single statistic makes it easy to understand. However, standard deviation expresses only one aspect of investment risk. It totally misses the more important human component: how you will behave in reaction to your wealth disintegrating in a crisis like the 2008 global financial meltdown. That’s what really matters in managing wealth strategically.