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Investing: A Classic Case of Risk and Reward

Investing: A Classic Case of Risk and Reward

Not too long ago I wrote a post about the approach that young adults—who are saving more for retirement earlier than previous generations—were taking in securing their financial future. I made the point that while saving is certainly the first concrete step, a long-term financial strategy needs to go beyond keeping the money in a savings account in a bank. And then it occurred to me that this is a classic case study in risk and reward.
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Life Insurance Can Be a Useful Tool for Foreign Nationals

Life Insurance Can Be a Useful Tool for Foreign Nationals

When we talk about the role of life insurance as part of a financial safety net, the default thinking seems to be to consider it as a tool to help protect families from economic stress in the event of death, or if optional riders are purchased, accident and illness as well. And, in truth, those are its most common uses. But there are many more ways that life insurance can be used in planning for the future.
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What Did You Do on Your Summer Vacation?

What Did You Do on Your Summer Vacation?

I hope everyone took a vacation this summer, one that was chock full of wonderful memories and is returning to work recharged and ready for a busy fall. Those of you who did take a vacation, I hope you took a full break from all the feeds and emails that are our constant companions while we’re not vacationing. And I hope you did so with a clear conscience.
Filed in: Innovation, Jobs, Leadership
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Millennials Need Life Insurance, Too

Millennials Need Life Insurance, Too

If their generation continues to practice many of the habits they’ve begun to establish, Millennials may become one of the most financially responsible generations in history. Millennials are cognizant of the reality that they will need to be active participants in their future security by weaving their own financial safety nets. Surveys indicate that Millennials’ top financial priorities are paying off student loans and saving for retirement before they think about buying a house.
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A Look at Counterproductive Financial Metrics

A Look at Counterproductive Financial Metrics

I’m an advocate of taking charge of your own financial security. But that’s not the same thing as suggesting that you do everything yourself. You don’t know what you don’t know. And when you don’t know something—and you’re intelligent—sometimes you’ll figure out an answer that, while it seems like it should be correct, isn’t. A recent “Your Money” column in the New York Times entitled “6 New Ways to Measure Your Financial Goals” got me thinking about some truths that are seldom brought out into the light about misconceptions in investment and finances.
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