The following is a guest post by Neil J. Farber, MD, the author of Serendipity. Utilizing Everyday Unexpected Events to Improve Your Life and Career., where Dr. Farber explores the profound role that happy accidents have played in the creation of many things we take for granted, and takes it one step further to teach readers how to recognize serendipity and turn it into something meaningful. If you'd like to contribute a guest post to Money Q&A, be sure to check out our guest posting guidelines. Most people think of serendipity as a … [Read more...] about Serendipity in Your Career
Morningstar Direct reveals that the S&P 500 dipped nearly 12% on 16th March 2020, and within 17 days, it had recovered fully, according to a report on CNBC. A market crash is inevitable, and as a stock investor, you’re likely to experience many cycles of boom and downturns. The good news is that market volatility doesn’t last long. However, the duration it takes for your savings to rebound in the market depends on allocation. For example, it took a portfolio with over 70% of stocks and the other percentage in cash and bonds … [Read more...] about Tips to Protect Your Investment from Stock Market Volatility
Buying your first home is one of the most significant landmark events in anyone's life. As a massive financial decision, you don't want to commit to purchasing a property if you aren't yet entirely ready for the financial commitment. However, financial commitment is not the only important factor when investing in your first asset. Various factors will determine whether you are ready to purchase your dream home. To avoid later finding yourself burdened with a mortgage loan you can't afford or a property that's gradually falling apart faster … [Read more...] about 5 Signs You’re Finally Ready to Buy Your Dream Home
When we think about retirement, we often think that the main factor is a person’s age. That’s simply not true. The truth is that money plays a much larger role in retirement than age does. If you don’t have enough money to sustain yourself without working, you can’t retire. That’s why there are so many people well into their seventies who still go to work every single day. But knowing whether you’re financially capable of retiring is a tricky thing to do. You don’t want to retire only to realize that you can’t afford it. We’ll be … [Read more...] about How to Know When You’re Financially Ready to Retire
Life insurance is an essential type of insurance coverage that everyone should have. However, if you are a beneficiary of a friend or family member’s policy, you should know various vital details. When the unfortunate day comes that your loved one passes away and it's time for the insurer to pay out, a life insurance attorney can assist with a few details, such as ensuring you get the maximum payout. However, whether you are making a claim or not, all life insurance beneficiaries should know these crucial details. You Don't Need The … [Read more...] about Important Details Life Insurance Beneficiaries Need to Know
The largest lottery jackpot got up to $1.59 billion in January 2016. If you won that much money, would you want it in all one lump sum or in monthly distribution? Winning the lottery isn't the only way to get a lump sum though. Your job may offer it as well! for your retirement accounts. But what is a lump sum, and when should you accept it? Keep reading to find out! What is a Lump Sum? A lump sum is a large payment that you can get in one single payment. Normally these payments may be broken up into monthly payments. A large … [Read more...] about What Is a Lump Sum and When Would You Get One?