Roth IRA

The art of financial planning might not seem too difficult to master. After all, if you want to retire with enough money to enjoy better golden years, seems like all you need to do is save a certain amount of money. However, there are many dangers in completing your own financial planning, not the least of which is the belief that financial planning is only about saving money.

The Millennial generation takes a lot of flak for its attitude and beliefs, both from other generations and among media outlets. Millennials have been labeled as entitled and lacking in drive. These characterizations are up for debate, with individual members of this generation disproving those views on a daily basis through their actions.

When you consider a future that you will not be a part of, the word "legacy" likely comes to mind. The legacy you leave behind is how many people will remember you, not just in the next generation but for generations to come. Your legacy can impact your family members, friends, co-workers, and even employees if you are a business owner.

How often do you take the time to review your finances and investment portfolios? Did you know that there are recommended timelines for this activity that can help you stay on track financially?

The 2008 financial crisis that gripped America and impacted the entire global marketplace may be a decade back in the memory banks, but it is far from the forefront of many minds. As the stock market surges forward from 2017 into 2018, there are those who believe another 2008 financial meltdown (or correction, in the least) is brewing on the horizon.

The start of a new year on the calendar gives you a chance to get several things organized in your life. Some choose to clear out the clutter in their homes, improve their career prospects, or improve their overall health. For many, 2018 can bring a better financial outlook if they take smart steps to develop better habits with their money.

There is only one person that your financial planning process should be focused on: yourself. The plan that guides you toward, and through, retirement should be built for you buy a financial advisor that understands your needs.

The dream of many Americans is to leave behind the day-to-day doldrums of life in America and find a new place to call home during retirement. Maybe it has always been your dream to spend your days relaxing on a beach, or you prefer to immerse yourself in a new culture in the Old World, retiring abroad is a goal that many strive to achieve.