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Choices for Your 401(k) at a Former Employer
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Choices for Your 401(k) at a Former Employer

401(k)/403(b)

Choices for Your 401(k) at a Former Employer

Choices for Your 401(k) at a Former Employer One of the common threads of a mobile workforce is that many individuals who leave their job are faced with a decision about what to do with their 401(k) account.¹ Individuals have four choices with the 401(k) account they accrued at a previous employer.2 Choice 1: Leave It with Your Previous Employer You may choose to do nothing and leave your account in your previous employer’s 401(k) plan. However, if your account [...]

By info@northlightfinancialservices.com|2022-07-01T16:16:17-04:00July 1st, 2022|401(k)/403(b)|Comments Off

8 Retirement Mistakes to Avoid
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8 Retirement Mistakes to Avoid

Retirement

8 Retirement Mistakes to Avoid

Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy: Yes, the biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you no way of knowing how you’ll get there—and if you’ve even arrived. Creating a strategy may increase your potential for success, both before and after retirement. Frequent Trading: Chasing “hot” investments often [...]

By info@northlightfinancialservices.com|2022-06-20T10:59:36-04:00June 20th, 2022|Retirement|Comments Off

Value Investing vs Growth Investing
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Value Investing vs Growth Investing

Investing

Value Investing vs Growth Investing

Looking at their recent track records doesn’t do much to settle the debate. Over the past decade, as a whole, value stocks have not performed as well as growth stocks. But looking at a larger body of cumulative data, reaching as far back as 1926, this has not always been the case. Let’s dive in a little deeper.1 Investing for Value Value investors look for bargains. That is, they attempt to find stocks that are trading below the value of [...]

By info@northlightfinancialservices.com|2022-06-20T10:48:02-04:00May 31st, 2022|Investing|Comments Off

You Need an Emergency Fund!
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You Need an Emergency Fund!

Personal Finance, Saving & Budgeting

You Need an Emergency Fund!

Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as you're driving to work, you see smoke coming from under your hood. Bad things happen to the best of us, and sometimes it seems like they come in waves. That's when an emergency cash fund can come in handy. One survey found that nearly 25% of [...]

By info@northlightfinancialservices.com|2022-05-26T15:12:49-04:00May 15th, 2022|Personal Finance, Saving & Budgeting|Comments Off

Count Down to College
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Count Down to College

College Savings

Count Down to College

As a parent, you of course want to give your child the best opportunity for success, and for many, attending the “right” university or college is that opportunity. Unfortunately, being accepted to the college of one’s choice may not be as easy as it once was. Additionally, the earlier you consider how you expect to pay for college costs, the better. Today, the average college graduate owes $37,172 in debt, while the average salary for a recent graduate is $50,944.1,2 [...]

By info@northlightfinancialservices.com|2022-04-29T14:25:19-04:00April 29th, 2022|College Savings|Comments Off

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