Financial Planning

Financial Planning is a broad topic that spans your entire financial life. These articles cover your early finances, the retirement saving and planning process, the related topic of Social Security, your retirement, and finally estate planning. Additionally, check out related articles in these sections: investing, savings, and real estate and homeownership.

Financial Planning is a subsection of asset management.

How to Set SMART Financial Goals

How to Set SMART Financial Goals

An important factor in achieving financial success is setting good goals that you can work toward. Like traveling, you can get to where you want quicker if you know where you are going instead of wandering […]

When Should I Take Social Security?

When Should I Take Social Security?

“When should I take Social Security?” is the first question everyone faces when contemplating retirement. More than 50% of all men and women start taking benefits at 62. By age 66, well over 90% of all […]

My Company Cuts 401(k) Matching Contribution, What’s Next?

My Company Cuts 401(k) Matching Contribution, What’s Next?

Well, it finally happened to me. Last Friday, my company announced that it is halting 401k matching contributions, raises, and promotions for the remainder of the year. This is definitely better than losing my job, but […]

5 Things You Don’t Want to Hear From Your Financial Planner

Retirement is just around the corner.  You think you’ve saved enough; but with the recent market drop, you are just not sure. Your retirement accounts have taken drastic blows and now you’re in doubt if you […]

Do Not Cash Out Your 401k

Do Not Cash Out Your 401k

What happens when you cash out of your 401(k)? If you are planning to cash out of your 401k, there are several consequences that you’ll have to consider — and these are expensive consequences. In general, […]

Should You Delay Your Social Security Benefits?

Should You Delay Your Social Security Benefits?

There was an interesting comment from a reader, ToughMoneyLove, regarding the benefit of delaying your retirement because the Social Security Administration gives you 8% bump in benefits each year. Here’s that part of the comment: For […]

Advance Directive and Durable Power of Attorney for Health Care

Advance Directive and Durable Power of Attorney for Health Care

What is Advance Directive and Durable Power of Attorney for Health Care? Basically, this is the document that: (1) appoint an agent to act on your behalf, if you become incapable of making your own decisions, […]

Are You Financially Healthy? The 5 Stages

Are You Financially Healthy? The 5 Stages

Last night, I was pondering the subject of cash flow (essentially how money flow through our hands) and about financial well being. I played around with various visualizations that consist of income, expenses, debt, and assets. […]

eFinPLAN Online Financial Planning Software Review

eFinPLAN Online Financial Planning Software Review

Kent Irwin, who recently wrote a guest article: Is Suze Orman Right, Can You Be Your Own Financial Planner?, sent me a free license to use his eFinPLAN online financial planning software. In this post, I […]

5 Strategies to Survive an Economic Slowdown

5 Strategies to Survive an Economic Slowdown

With the recent turn of events, I have been giving a lot of thought about what to do in event of economic slowdown — i.e., recession, stagflation, depression, financial doom, or whatever you want to call […]

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