Many people confuse risk tolerance with risk capacity, but these terms represent two distinct parts of investment decision-making. Risk tolerance explains how much risk you feel comfortable taking. It captures your emotional response to uncertainty and the possibility of loss. On the other hand, risk capacity evaluates how much risk
When it comes to planning for retirement, one of the most common questions people face is whether to contribute to a Traditional IRA or a Roth IRA. While both accounts offer tax advantages and are designed to help you save for retirement, they differ in how and when you get
Planning for retirement isn’t just about saving money — it’s about knowing how much you need to retire comfortably. That “how much” is often referred to as your retirement number — the amount of money you’ll need saved to maintain your lifestyle once you stop working. But do you know
Using your phone number for third-party verification can enhance security, but it also exposes you to potential fraud. Cybercriminals use tactics such as SIM swapping, phishing, and social engineering to gain access to your accounts. Here are key strategies to protect yourself: Enable Two-Factor Authentication (2FA) Securely Protect Your Phone
For years, the idea of saving $1 million for retirement has been seen as the gold standard — a symbol of financial security and success. But in today’s world of rising costs, longer life expectancies, and evolving lifestyle expectations, many are left wondering: is $1 million really enough to retire
In an increasingly automated world, where subscriptions can be started with a single click and charges often quietly renew month after month, it’s easy to lose track of where your money is going. While technology has made financial transactions more convenient, it has also made it more important than ever
According to security.org, sixty-two million Americans experienced credit card fraud in 2024, with unauthorized purchases exceeding $6.2 billion annually. It is also worth noting that most fraudulent charges were accessed remotely through personal data and account information, rather than lost or stolen cards. This highlights the importance of taking
An Exchange-Traded Fund (ETF) is an investment fund that holds a diversified portfolio of assets such as stocks, bonds, or commodities. For example, an S&P 500 ETF holds stocks from the 500 largest U.S. companies, providing investors with broad market exposure. ETFs trade on stock exchanges like individual stocks, offering
An estimated one in five Americans aged 65 and older were employed in 2023. This represents nearly a doubling of the share of those who were working 35 years ago. The number of older workers is not only increasing, but their earning power has also grown in recent decades. In
Before we begin to address the question of when to hire a financial advisor, it is essential to first understand what a financial advisor is and what their role entails. A financial advisor is a professional who helps people manage their financial situation and reach their financial goals. This involves