Financial Planning

We thought this blog post was so important, we decided to share it again! Avoiding these financial missteps may help improve your future personal finances. It's never too late to better your future financial wellness.

You might be surprised at its potential.

An IRA is a retirement savings account, right? Indeed. IRA stands for Individual Retirement Arrangement. Even with that definition, however, there is no prohibition on using an IRA to save for other purposes, such as funding a college education.  

Retirement can sneak up on you.

Your financial future is up to you and no one else.

What will be your future? You know that a solid retirement strategy takes your time horizon, an often unpredictable factor, into consideration. Your thinking must include an awareness of how long you must save for and what sort of expenditures may be ahead.

You may not be old enough to know who Ward and June Cleaver were.

For those of you, who are, bear with me as I fill in the younger folks (or the ones that chose not to watch mindless TV in the 60's)

The list of insurance types is endless. From general insurance to property insurance and pet insurance, it seems as though there is insurance for just about anything you want nowadays. Recently on the North Main Financial Show we looked at a few of the more common types of insurance including auto/vehicle, property and liability insurance.

Step One: Find a trusted financial coach; Step Two: Listen to your coach. 

Whether you are a professional athlete, a college amateur, or an aspiring Olympian, you probably know what success feels like. You also know a thing or two about being a good sport when things don’t go your way. Good news: this means you already have some of the basics needed to create a financial strategy.

A financial crisis can be scary at any age, but this is especially true when you're in your 40s or 50s. Perhaps you're way behind on saving for retirement or have too much debt from unnecessary spending. Or maybe an unexpected challenge, such as a job loss, illness, or break from the workforce for caregiving responsibilities, took a direct hit on your finances.

If you’re new to investing, some of the information on the Internet can be downright confusing. While investing itself is fairly straightforward, many people find themselves shying away from the entire process because they simply don’t understand the terminology, which can be somewhat overwhelming.

This topic may seem a little outside the norm, but I think you’ll find very quickly that we give special attention to planning from many angles. While we focus on financial planning here at North Main Financial, we have also focused on end-of-life topics that are important for us to keep in mind. All of us have to deal with this at some point.