An asset is liquid if it can be converted easily into cash without a negative impact on its value. For example, a money market fund is typically liquid while a large ranch property may not be so liquid.
Conventional financial wisdom says that bonds should comprise an increasing percentage of a portfolio as the owner ages and heads into retirement.
In theory, a retiree’s need for income and a reduced tolerance for risk are the main drivers of the larger allocation to bonds.
A key consideration, though, is...
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Liquidity or lack thereof tends to be a major concern when it comes to annuities.
Many financial advisors and consumers are reluctant to use annuities because money allocated to...
The following are a few key concepts to think about, look for, or listen to when developing a financial plan:
Information Gathering: This is one of the first steps in the financial planning process. Your financial advisor should gather quite a bit of information about you and your current financial status.
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It is generally very difficult if not impossible to provide a simple yes/no answer to this type of question without having much more detail regarding your situation and needs. That said, here are some things to think about:
