Savings and Investing - North Light Financial Services

Little Things that May Help Your Retirement Saving

Little Things That May Help Your Retirement Saving Over time, these seemingly small factors could make a major difference. Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some subtle factors and seemingly minor decisions could end up making a sizable and positive impact on your financial future. Your investment yield may be less important than the amount you save. Beating the S&P 500 feels [...]

By info@northlightfinancialservices.com|2017-05-11T13:13:21-04:00May 4th, 2017|Investing, Personal Finance, Savings and Investing|Comments Off

Active & Passive Investment Management

Active & Passive Investment Management What do each of these terms really mean? Investment management can be active or passive. Sometimes, that simple, fundamental choice can make a difference in portfolio performance. During a particular market climate, one of these two methods may be widely praised, while the other is derided and dismissed. In truth, both approaches have merit, and all investors should understand their principles. How does passive asset management work? A passive asset management strategy employs investment vehicles [...]

By info@northlightfinancialservices.com|2017-04-25T10:02:54-04:00April 20th, 2017|Business/Economic News, Investing, Savings and Investing|Comments Off

What Could You Do With Your Tax Refund?

What Could You Do With Your Tax Refund? Instead of just spending the money, you could plan to pay yourself. About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.1 What do households do with that money? It varies. Last year, consumer financial services company Bankrate asked Americans about their plans for their federal tax refunds. Thirty-one percent of the respondents to Bankrate’s survey said that they would save [...]

By info@northlightfinancialservices.com|2017-04-11T14:21:48-04:00April 6th, 2017|Financial Fitness, Income Taxes, Savings and Investing|Comments Off

Building an Emergency Fund

Building an Emergency Fund Everyone should aim to have a cash reserve. We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge but with a little effort, that challenge can be met. Imagine a 30-year-old couple with no real savings. Lets call them Kurt and Diana. Together, they earn about $8,000 a month, but their household finances are being squeezed by education debt, rent, and the high [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00March 16th, 2017|Personal Finance, Savings and Investing|Comments Off

Retirement Planning for Single Parents

Retirement Planning for Single Parents It is a challenge – and it must be met. How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning to do this or well on your way. Setting a household budget can be a wise first step. Most households live without budgets – and because of that financial inattention, some of the money they could save and invest routinely disappears. When [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 16th, 2017|Retirement, Savings and Investing|Comments Off