Indian River Financial Group

Retirement is the goal for every working individual in America, but a comfortable retirement should also be a part of that goal. Unfortunately, each year there are millions of Americans that make mistakes entering retirement. Some of these are small and easily avoidable, while others require caution and attention to detail to avoid.

Some people assess their financial worth based upon the income they receive. Your worth is more about how you spend your money than how much you make. Yes, you could be making a lot of money right now, but if you are spending a lot of money, then you might not have a high net worth.

The new Trump Administration has been talking, since Inauguration Day, about the repeal and replacement of the current Affordable Care Act, inextricably linked to President Obama and known colloquially as Obamacare.

All investments come with some level of risk. When you entrust your money to the market, you risk losing all of it or accumulating very small gains if your funds are directed toward ultra-conservative risks with low, but guaranteed, growth over time. Assessing how much risk you can afford to take is an important part of investing, but how do you go about doing so?

The average individual usually has a retirement plan. For those who do not have a private investment portfolio of some variation, there are employer-funded plans such as 401(k)s that help provide for their financial future. When it comes to a 401(k), there might be some secrets you are unaware of about those plans.

Smaller Companies have Higher Fees

You are responsible for many of your own tax decisions. Small-business owners, independent contractors, and full-time employees at major corporations all have the right to make the most of their income. Yes, the government dips into your paycheck long before you get it, but there are things you can do to protect some of your income and start saving for the future.

We usually reserve the New Year for health or occupational resolutions. While some of these goals may involve a shift in finances, it might be time to look at the financial patterns you have inhabited. There is no time like the present to make changes, and there are no better habits to break in 2017 than those below:

Spending > Earning

There are several issues that can create trouble for a couple's relationship. Financial matters usually take first place as money can quickly complicate the smallest of things. Whether it is reckless spending by one person, or a lack of financial strength by the other, monetary attributes tend to put blame on individuals.

The New Year always seems like the most popular time people are more inclined to set goals, or resolutions for themselves. While the concept can be positive and healthy, we feel there is an even better route you can take that will keep the good spirits up year-round. Why wait until the end of the year to set some goals that you will probably only follow through with until the middle of year?

Economic markets are volatile environments wherein a strengthening US Dollar can mean problems for the market as American goods become more expensive overseas. While a drop in the value of the dollar can lead to slow-downs at home, as exports increase by spending at home decreases as goods become costlier for average consumers.