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What is life cycle finance?

Life cycle theory is one of the more exciting and useful areas of research in personal finance. In broad terms, it represents the body of economic theory and knowledge that examines how individuals can make wiser and more beneficial decisions about spending, saving, investing and insuring over their lifetimes. There are several concepts underlying life cycle theory. We’ll discuss two of them in this article. Read more

Retirement challenges for Generation X

Americans are living and working longer than ever before. The result is a current workforce comprised of multiple generations each at different points in the career lifecycle working side-by-side. At one end of the spectrum are the Millennials, the first group to come of age in the new millennium, now in their 20s and early 30s and typically in the formative stage of their careers. At the other end are the Baby Boomers now in their 50s and 60s who are planning or have already begun their exit from the workforce. Situated squarely in the middle is the cohort most commonly known as Generation X, the roughly 50 million people born from 1965 through 1980 now in their mid-30s to late-40s and in many cases firmly established in their careers. Read more

Building a sensible retirement portfolio

For most Americans building their retirement nest egg is one of their most important priorities and most difficult challenges. A big factor to achieving that goal is constructing a well-designed portfolio. We can’t predict the future so no one knows what the ideal investment plan will turn out to be. However, we can construct a sensible one that is broadly diversified, low-cost, tax-efficient, and consistent with your goals and investing temperament. Such a portfolio will significantly improve your chances of reaching your retirement goals. Here are the key steps to developing an intelligent retirement investment plan. Read more