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Market volatility often causes people to delay saving for fear of losing money. But the primary reason that people don’t have enough money saved, is simply because they don’t save enough! Therefore, you should rather focus on the factors under your control, instead of getting caught up in short-term noise and making emotional decisions.
Mortality is unfortunately a reality for all of us and it is therefore crucial that every adult draws up a will stipulating what loved ones will inherit upon their death. But do you actually have a will drawn up at all yet and do not know how to do this? Or when last did you review the one you currently have? Do you even know what the do’s and don’ts are when it comes to drawing up a will?
Here’s something you don’t hear often about millennials: We are better savers than our elders, but does that translate into long-term wealth?
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?