Budgeting

Print PDF

Thursday, 01 April 2010 16:55 Provided by Timothy J. McNeely CFP® CIMA®

What is budgeting?

Budgeting is a process for tracking, planning, and controlling the inflow and outflow of income. It is a process that we all begin soon after we get our first spending money. Relying on our overloaded minds to manage such a complex process has many shortcomings. The solution is to analyze your current situation, determine your goals, and develop a written plan against which you'll measure your progress.

Read more...

Establishing a Financial Safety Net

Print PDF

Thursday, 01 April 2010 16:53 Last Updated on Tuesday, 13 April 2010 10:39 Provided by Timothy J. McNeely CFP® CIMA®

In times of crisis, you don't want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you're protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you meet emergency or highly urgent short-term needs.

Read more...

Establishing a Budget

Print PDF

Thursday, 01 April 2010 16:48 Last Updated on Thursday, 01 April 2010 16:51 Provided by Timothy J. McNeely CFP® CIMA®

Do you ever wonder where your money goes each month? Does it seem like you're never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals.

Read more...

Trust Basics

Print PDF

Friday, 19 March 2010 16:11 Last Updated on Friday, 19 March 2010 16:13 Provided by Timothy J. McNeely CFP® CIMA®

Whether you're seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their versatility--many types of trusts exist, each designed for a specific purpose. Although trust law is complex and establishing a trust requires the services of an experienced attorney, mastering the basics isn't hard.

Read more...

Annuity Distributions

Print PDF

Friday, 19 March 2010 12:45 Last Updated on Friday, 19 March 2010 12:47 Provided by Timothy J. McNeely CFP® CIMA®

Annuity distributions are categorized in two ways: withdrawals or annuitization (guaranteed income stream). The annuity contract itself explains the annuitization payout options available to you, including when they begin, whether the amount can be fixed or variable, and how long the payouts will last.

Read more...

More Articles...