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Investing for Beginners: How to Plan for Your Future Today

You probably already know that one of the best ways to grow your money for the future is to invest it.  The first place to start is with your employer’s 401(k) which allows you to contribute on a regular basis, and not worry about what the market is doing on a daily basis.  Many 401(k) plans offer a company matching percentage, which is supplemented money.  For example: your employer offers a 3% match, make sure that you’re contributing at least 3% of your income to receive the full match.

If the idea of where to invest your hard-earned money is intimidating, there are usually mutual fund choices in an employer plan that provide an easy start point.  One type of diversified mutual fund will normally have a targeted year of retirement in the name, and this allows the mutual fund to manage your money for you.  What other investment decisions are important to consider?  Let’s explore how to start investing in a way that’s diversified with reasonable risk for your goals.

Posted in: brokerage, firm, fund, index, investing, market, plan, retirement, savings, stock

A Timeless Investment Philosophy

When an investor takes a proactive approach to their investment plan in three key areas, and is committed to sticking to their plan in negative markets, their investment returns will be significantly greater over the long-term.

Posted in: investing

by Steve Schou | FNBT Wealth Management Trust & Investments Officer

Why Pay for a Qualified Retirement Planner Instead of Doing It Yourself?

In many all aspects of life, there are things we can do ourselves and other things we can’t.  If your taxes are simple; you can probably do them yourself, if they are more complicated, you go to a Certified Public Accountant (CPA).  If you cut yourself, you get a band-aid; but if you need stitches, you go to a doctor.  The same holds true for handling your finances.  In the early stages of accumulation for retirement, and you are maximizing your 401(k) contributions, Individual Retirement Accounts (IRAs), and you’re feeling comfortable with your investment selections; you may not need professional help.  The do-it-yourself approach may work well.  Usually, investment mistakes made during the accumulation years can be recovered over time.  However, investment mistakes closer to and in retirement become critical.  There is less time to recover from a wrong move. Too often, self-investing can lead to over concentration in bull markets, panic sales in bear markets, and lopsided investment strategies.

Posted in: investing, retirement

by Steve Schou | FNBT Wealth Management Trust & Investments Officer

How to Get the Most Out of Your Stimulus Check

Many individual Americans and families have received their third stimulus check. While any deposit in the bank account is welcome, you smart savers want to know how to make the most of your stimulus check. You want to make sure this money is working its hardest for you because this past year and the COVID-19 pandemic have taught many people that solid financial footing is crucial when navigating unforeseen events.

Posted in: bills, check, COVID, investing, paying, relief, return, savings, stimulus, tax

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