When you hear the term ‘portfolio diversification’ with regard to your investments, you might believe you’ve got a clear concept of it: don’t put all your eggs in one basket. Sounds simple enough. But there are many categories and degrees of risk that each of your ‘eggs’ can encompass, making this simple concept much more complex. So, while you correctly understand that portfolio diversification is not having all of your funds allocated to a single type of investment, there’s far more detail to delve into.Continue Reading
In some circumstances, primarily for seniors, a life insurance policy may no longer be needed or desired. Before you cash out of your policy, you should investigate life settlements, selling your policy to a third party for more than the policy’s cash surrender value.Continue Reading
Although the term fiduciary has been around for a very long time, most have not heard of it until recently. Our former president and the Department of Labor decided that it was in the best interest of the nation to hold financial professionals who provide advice to the public as it relates to their retirement accounts to what is called the “fiduciary standard”. Despite the enhanced visibility of the term ‘fiduciary,’ many people still aren’t entirely clear about its definition, let alone how the term impacts their own financial situation or choosing a financial advisor.Continue Reading
Going through a divorce is never fun. Not for you, and definitely not for your children (if you have them.) The results of a heated, adversarial divorce can be catastrophic – both financially and emotionally for you. And a truly vitriolic divorce can put your children into therapy for many years to come.Continue Reading
Contrary to many financial advice, there are times when you may want to continue life insurance coverage as you approach and enter retirement. There can be many reasons to keep life insurance coverage so don’t be too quick to pull the trigger on getting rid of your life insurance as you approach retirement.Continue Reading
There are many common investing myths that can be very costly, leading you to be too conservative, too risky or avoid investing completely. We’d like to steer you away from some of the most common investing misconceptions – better known as traps – that can significantly injure your investment power and financial strength.Continue Reading
With the election in full swing now, regardless of any political antics and personal attacks, what remains beneath the drama the media is reporting are the big issues facing our country. One of the biggest issue is Social Security and what is to become of it. And that is a very big issue, indeed, since it affects us all.Continue Reading
Few things can cause as many problems for your retirement outlook as inflation. You know that when the average inflation rate increases, things get more expensive. But did you know that the types of goods and services used by the elderly are affected more by inflation than the goods and services used by younger people? […]Continue Reading
If you’re among the many recent college graduates, you’re likely thinking about your future. You may even have a pretty impressive list of things you plan to do, like buying a car, taking a fabulous trip abroad or buying your first house. Your list may include dozens of adventures and treats, as reward for excelling […]Continue Reading
Long term care insurance is a particularly important type of insurance. This type of policy is meant to provide for your personal care and wellness when you reach an age or health condition where you need assistance with the basic functions of living.Continue Reading
Listen to Bob live on his weekly radio show every Wednesday at 10:00 a.m. on WCRN AM 830.
Or listen to excerpts from the show via the Financial Focus blog.
Connect with Bob Gustafson via LinkedIn or Facebook:
Financial Focus Blog
Signup to receive expert help and insights on relevant financial topics.