Blog - North Light Financial Services

What Does the Devalued Yuan Mean for the U.S.?

What Does the Devalued Yuan Mean for the U.S.? A look at China’s unexpected move & its potential impact. China has surprised global investors by weakening the yuan almost 5%. Its central bank may even weaken it further.1,5 Why did the PRC make this move? Its long-booming economy is in a slump. Most notably, Chinese exports have taken a major fall. In July, they were down 8.3% year-over-year. By depreciating the yuan, China is trying to help its exports [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:18-04:00August 21st, 2015|Business/Economic News, International|Comments Off

Behind on Your Retirement Savings?

Behind on Your Retirement Savings? What steps could you take to catch up? If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are some suggestions: Play catch-up. If at all possible, take advantage of the catch-up contributions the IRS allows you to make to IRAs and other retirement accounts starting in the year in which you turn 50. For example, this year a worker age 50 or older [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:18-04:00August 7th, 2015|Financial Fitness, Investing, Savings and Investing, Social Sercurity Planning|Comments Off

Protecting Yourself Against Cyberattacks

Protecting Yourself Against Cyberattacks How vulnerable is your data? 25% of Americans were cyberhacked between March 2014 and March 2015. The American Institute of CPAs announced that alarming discovery in April, publishing the results of a survey conducted by Harris Poll. Disturbing? Certainly, but the instances of pre-retirees being victimized were even greater 34% of adults aged 55-64 reported having their data stolen or compromised within that period.1 Small businesses are also commonly victimized. While identity theft has [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:18-04:00July 24th, 2015|Cybersecurity, Financial Fitness, Personal Finance, Well-being|Comments Off

Mid-Life Money Errors

Mid-Life Money Errors If you are between 40 & 60, beware of these financial blunders & assumptions. Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At the same time, many fall prey to some common money blunders and harbor financial assumptions that may be inaccurate. These errors and suppositions are worth examining, as you do not want to succumb to them. See if you notice any of these behaviors or assumptions [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:19-04:00July 10th, 2015|Personal Finance, Retirement, Social Security|Comments Off

You Could Retire……But Should You?

You Could Retire...But Should You? It might be better to wait a bit longer. Some people retire at first opportunity, only to wish they had waited longer. Thanks to Wall Street’s long bull run, many pre-retirees have seen their savings fully recover from the shock of the 2007-09 bear market to the point where they appear to have reached the “magic number.” You may be one of them – but just because you can retire does not necessarily mean [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:19-04:00June 26th, 2015|Personal Finance, Retirement, Well-being|Comments Off