Joey Romano/Edward Jones You may never need any type of long-term care – but if you did, could you afford it? It can be expensive. The median annual cost for a private room in a nursing home is about $105,000, according to the insurance company Genworth. But even if youContinue Reading
Joey Romano/Edward Jones You could spend two or three decades in retirement. To meet your income needs for all those years, you’ll generally need a sizable amount of retirement assets. How will Social Security fit into the picture? First, you’ll need to decide when to begin taking your benefits. You canContinue Reading
Joey Romano/ Edward Jones Have you recently become self-employed, or are you thinking of doing so in the near future? If so, how can you get on the road to financial security? First, establish a budget – when you’re starting out on your own, you need to keep tight control overContinue Reading
Joey Romano/Edward Jones You may already be somewhat familiar with the 529 plan, a popular education savings account that offers federally tax-free withdrawals if the money is used for qualified expenses. But you may not be aware of some newer eligible expenses for this plan. First of all, in the wakeContinue Reading
Joey Romano/Edward Jones What’s the biggest financial mistake you can make? Choosing the wrong investments? Waiting too long to save for retirement? Underestimating the costs of retirement? All these are reasonable answers, but the biggest mistake you might make is not looking at your financial picture holistically – that is, notContinue Reading
Joey Romano/Edward Jones On April 22, we observed Earth Day, an occasion that has inspired millions of people over the decades to take steps to clean up our world. Of course, your physical surroundings are important, but you also operate in other “ecosystems” – social, cultural and political. And you’ll needContinue Reading
From Edward Jones’ Joey Romano If you’re planning to retire The COVID-19 pandemic may end up changing our lives in some significant ways. To cite one example, it’s likely we’ll see a lot more people continue to work remotely, now that they’ve seen the effectiveness of tools such as videoconferencing.Continue Reading
By Edward Jones’ Joey Romano If you own a small business, you typically don’t get a lot of recognition – so you may be pleased to learn that March 29 is National Mom and Pop Business Owners Day. You might not necessarily think of your business as a “Mom andContinue Reading
From Edward Jones’ Joey Romano You can demonstrate this resilience by answering these questions: What is your specific goal? What obstacle do you face in achieving this goal? How can you overcome this obstacle? Here are some examples of how this resiliency process works: Goal: Building sufficient retirement funds ToContinue Reading
From Edward Jones’ Joey Romano On March 8, we observe International Women’s Day, a celebration of women’s achievements. Of course, even in the United States, women still tend to encounter more obstacles than men in the pursuit of financial security. As a woman, you should recognize these challenges – andContinue Reading
From Edward Jones’ Joey Romano Now that we’re a few weeks removed from 2020, it’s a good time to reflect on such a momentous year. We can think about developments in the social and political spheres, but we also learned – or perhaps re-learned – some valuable lessons about investing.Continue Reading
From Joey Romano, Edward Jones If you have a child or other family member who has special needs due to physical or mental conditions, you face a variety of challenges planning for their care, including financial ones. You may also have some well-meaning relatives who want to help, but whoContinue Reading
From Edward Jones’ Joey Romano If you’ve been investing for many years and you’ve owned bonds, you’ve seen some pretty big changes on your financial statements. In 2000, the average yield on a 10-year U.S. Treasury security was about 6%; in 2010, it had dropped to slightly over 3%, andContinue Reading
By Edward Jones’ Joey Romano If you’re close to retirement, you’ll have several financial issues to consider. But you’ll want to pay attention to one of the most important of these issues: health care costs. How can you prepare yourself for these expenses? First, get an early start on estimatingContinue Reading
From Edward Jones’ Joey Romano When you begin investing, you’ll generally assess your comfort with risk, as your investment choices will be guided at least partially by your risk tolerance. But once you actually experience the ups and downs of the market, this tolerance could be tested. Risk tolerance mayContinue Reading
From Edward Jones’ Joey Romano If you’ve been contributing for many years to your 401(k) or similar retirement plan, it may be your largest pool of money. So, if you are facing a financial need, you may think about tapping into your account. After all, it’s your money – whyContinue Reading
From Edward Jones’ Joey Romano As the year draws to a close, it’s fair to say that we’ve all learned something about the social, political, physical and environmental forces that have affected everyone. And, in some ways, our lives will be changed, perhaps permanently. But as an investor, what lessonsContinue Reading
From Edward Jones’ Joey Romano Your employer-sponsored retirement plan is a valuable asset. But sometimes things happen that can affect the status of your plan. So, for example, if you work for a hospital that changes ownership, and you have been participating in a 403(b), 457(b) or 401(k) retirement plan,Continue Reading
From Edward Jones’ Joey Romano You’ve no doubt heard reports of personal data being stolen and used for financial fraud – anything from online shopping on your credit cards to actual theft from your financial accounts. This problem won’t go away anytime soon – but you can take steps toContinue Reading
From Edward Jones’ Joey Romano Like most people, you probably have many financial goals: a comfortable retirement, long vacations, college for your children or grandchildren, the ability to leave something behind for the next generation, and so on. To achieve these various goals, you may have to follow different investmentContinue Reading