In order to enjoy that new car smell, you will likely have to make a decision on how to finance the purchase of that car. Preparing yourself by understanding your different finance options will benefit you in this process. For more information on comparing finance options offered by dealers, leasing companies or your local bank, read this Financial Strategy.
If you want a new vehicle, you will have to decide if you want to lease the auto or take out a loan to finance the purchase.
The auto might be new to you, but should you buy new from the dealer to get the factory warranty or do you opt for a used car letting someone else take the hit on depreciation?
When choosing a financial planner, we suggest interviewing multiple planners, having each outline the services they offer, their education, experience and specialties.
The Pension Protection Act of 2006 was aimed at increasing retirement savings. Most notably, employers were allowed to automatically enroll employees in the company’s 401(k) plan.
Many new investors look for a way to invest a small amount of cash into the stock market without paying huge commissions. To meet this increasing demand, more companies are offering dividend reinvestment plans, also known as DRIPs. DRIPs are offered by a corporation and allow investors to reinvest their cash dividends by purchasing additional shares or fractional shares of some of the most well known publicly-traded companies for as little as $10 at a time. As a result, DRIPs have become heavily promoted as viable solutions to new investors entering the stock market
Many sectors are negatively correlated, so by diversifying your portfolio you may be able to better weather a market downturn.
If you are seeking to develop a long-term relationship with a financial adviser, we suggest you understand the motivation behind the advice you are given.
If you intend to create your own financial plan, we suggest consulting an insurance agent, a tax adviser and an estate planning attorney in addition to establishing your savings plan.
The U.S. Treasury Department’s Electronic Federal Tax Payment System is a safe and convenient way to file and pay your taxes online. However, beware of email scams claiming your credit card has been enrolled to pay taxes due.
