Quick math

Don’t have a calculator, but need a quick answer to a financial question? Here are three shortcuts: -How long will it take to double your money? Divide 72 by your annual investment return. If you are earning 8% annually on your investments, it takes nine years for...

Quick Life Insurance Tips

Don’t rely on rules of thumb when deciding how much life insurance you need. Go through a detailed analysis of your needs. Evaluate who should own the insurance policy, which determines whether the proceeds will be subject to estate taxes. Select beneficiaries with...

Enjoy Life and Still Save

Some people worry that when saving for retirement, they must give up everything they enjoy. While there needs to be a balance between spending and saving, it doesn’t mean you can’t enjoy life. Look at Your Current Situation and Set Goals You should start by reviewing...

Evaluating Stock Investments

You should thoroughly analyze a stock before purchase. But pick up a company’s annual report and you can quickly become overwhelmed by all the numbers. At a minimum, look for answers to these questions: What are the company’s earnings? Earnings per share (EPS) is the...

Nurture Your IRA

It’s tempting to pay little attention to an individual retirement account (IRA). After all, with a maximum contribution of $6,000 in 2021 and 2022 ($7,000 if you are over age 50), how much can an IRA contribute to the vast sums you’ll need for retirement? The answer...

October Market Recap

The major domestic equity indices climbed steadily through October, a confident step forward from September’s stumble even as supply issues created intermittent voids on supermarket shelves and broad patches of uncovered tarmac at car dealerships. Strong corporate...