by Michael Lecours | Jan 18, 2015 | Asset Allocation, Investment Strategies, Retirement, Rule of Thumb, Uncategorized
Research out of Investment Company Institute found that 11% of investors have not rebalanced their investments in the last five years. As the US stock market continues its bull run, the value of US stocks represent a larger and larger portion of the portfolio. All of...
by Michael Lecours | Jan 16, 2015 | Cash, Retirement, Rule of Thumb, Uncategorized
NU Retirees: For over a year, the interest rate for the Fixed Account in the 401(k) plan at Fidelity has been declining. The decline has continued into 2015 with the rate reducing from 2.25% to 2.0%. As we have mentioned in the past, we now view the fixed account as...
by Michael Lecours | Sep 11, 2014 | Retirement, Rule of Thumb, Saving, Uncategorized
The following story offers a great example of what can go wrong when a young, financially inexperienced individual becomes wealthy overnight. This author’s advice at the end is exactly what we recommend to clients in this situation: Get advice from someone on how to...
by Michael Lecours | Aug 21, 2014 | Investment Behavior, Investment Strategies, Retirement, Rule of Thumb, Uncategorized
In a recent Gallup poll, Americans were asked what they thoughts was the best investment to make over the long term. Their choices: Real estate Gold Stocks Savings Accounts Bonds The average American incorrectly believes that Real Estate is the best investment over...
by Michael Lecours | Aug 8, 2014 | Retirement, Uncategorized
Children are looking to their grandparents for advice about saving money, according to a new study by TIAA-CREF and MIT’s AgeLab. 85% of the children interviewed were interested in talking more about money, saving and personal finance. Yet, only 8% of grandparents...
by Michael Lecours | Aug 5, 2014 | Retirement, Saving, Uncategorized
A Roth IRA does more for your teenager than help them realize the importance of saving for retirement. It could give them a great boost, too! Consider the recent article from the New York Times.
