Your Financial Roadmap's Blog

Financial News & Insights

October 15, 2020

One of the objectives of creating a household budget is that, as time moves on and the various household members advance in their careers, they are likely to make more money. Knowing where that money goes can help direct that money to not only meet your day-to-day needs but also to potentially realize your financial goals. Rent payments may become m...

September 16, 2020

Is 80% of your portfolio held in equities? Perhaps it is without you realizing it. You could invite this risk, and others, if you go too long without rebalancing your portfolio.

Some investors stick with the same asset allocation in their investment portfolios (and retirement accounts) for decades: they “set it and forget it.” The longer the initial...

February 17, 2020

SRI (Socially Responsible Investing), Impact Investing, and ESG (Environmental, Social, and Governance) Investing belong to a growing category of investment choices that use traditional investing practices to responsibly impact society.

In the past, these investment strategies were viewed as too restrictive for most investors. But over time, improve...

December 10, 2019

Cybercrime affects both large corporations and private individuals. You’ve likely read about the large data breaches in the business world. These crimes are both expensive and on the rise. The U.S. Identity Theft Resource Center says that these corporate data breaches reached a peak of 1,632 in 2017. The response to the growing need for data protect...

November 27, 2019

Americans aged 45 to 54, who have credit card balances, carry an average debt of $9,096 per individual.  (1)

The wise use of credit is a critical skill in today’s world. Used unwisely, however, credit can rapidly turn from a useful tool to a crippling burden. There are several warning signs that you may be approaching credit problems: 

  • Have y...

October 16, 2019

Investors have a choice today that they did not have a decade ago

They can seek investing and retirement planning guidance from a human financial advisor or put their invested assets in the hands of a robo-advisor – a software program that maintains their portfolio.

Why would an investor want to leave all that decision making up to a computer?

In this...

October 1, 2019

If you have good credit, you may be considering refinancing yourself, for one or more reasons. Perhaps you want to shorten the term of your home loan. Maybe you have an adjustable-rate mortgage now and want to refi into a fixed rate. Or, maybe you want to tap into home equity or consolidate debt. Whatever your reason(s), you must weigh two questions...

September 17, 2019

If you receive a distribution from your IRA or workplace retirement plan, what will you do with it? You will probably want to arrange an IRA rollover – a common and useful financial move designed to take these invested assets from one retirement account to another, without tax consequences. The I.R.S. may give you just 60 days to do it, however.

The...

August 15, 2019

What can you do to lessen its impact for your heirs?

It can take more than a year in some cases, and attorney’s fees, appraiser’s fees, and court costs may eat up as much as 5% of a decedent’s accumulated assets. (1)

What do those fees pay for? In many cases, routine clerical work. Few estates require more than that. Heirs of small, five-figure estate...

July 12, 2019

The transition to adulthood is an exciting new stage that marks true independence. You may have graduated from college, taken your first job, and even, rented your first apartment. With this new freedom comes real responsibilities, including protecting yourself from the financial risks that life presents.

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Once you are no longer covered on your pa...

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Your Financial Roadmap, Inc.

3800 American Blvd West • Suite 1110

Bloomington, MN 55431

800-741-0704  •  952-857-2411

 

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Your Financial Roadmap, Inc. does not provide investment, tax, or legal advice and such advice should only be obtained from a qualified professional. All written content on this site is for informational and educational purposes only and is not a substitute for professional financial, investment and/or legal advice. Individuals should seek advice from professional advisors prior to implementing any strategy. Your Financial Roadmap, Inc. is not a financial planner, financial counselor, financial adviser, investment counselor, investment adviser, financial consultant, estate planner, attorney, law firm, insurance agent, insurance agency, accountant or accounting firm. Your Financial Roadmap, Inc. is not a fiduciary and no fiduciary relationship exists between any user and Your Financial Roadmap, Inc. 

 

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