FedNow, a payment processing initiative by the U.S. government since 2019, has been the subject of much speculation. This tool has the potential to transform payment processing and banking transactions, possibly reducing costs of private options like credit card processors, PayPal, and Venmo. However, there are concerns, such as the shift to a fully digital system, privacy issues, and the relevance of traditional currency.
When diving into the world of investments, whether you're aiming for a comfortable retirement or just starting your investment journey, understanding some fundamental strategies will help set you on the path to success. A prevalent piece of advice centers on an individual’s risk tolerance: younger investors can afford to take more risks due to the longer time horizon to recover from potential losses. But how do you gauge the right risk level? This is where the Rule of 110 comes into play.
Choosing the right partner is crucial for securing your financial future. Seek financial partners who prioritize your goals, education, and comfort, ensuring a secure future. Our goal as advisors is to provide personalized financial plans that prioritize your needs and aspirations, and help you Plan Today for a Better Tomorrow.
Traditional retirement planning methods, like 401(k)s and IRAs, may not always be the best option. Taxes, early withdrawal fees, and market downturns can eat into retirement income. Consider alternative options to potentially keep more money in retirement.
