It’s an unfortunate sign of the times as an increasing number of adult children, caught in the convergence of a sluggish economy, a slow job market, and tight lending, are turning to the Bank of Mom and Dad for financial help. Moreover, as much as parents would do anything in their power to help their children in a time of need, most dread the day their child approaches them for a loan.
For anyone approaching retirement you probably have a checklist for your countdown to the big day.
- Do I have enough saved for a long, financially secure retirement? Check.
- Did I file the right paperwork at the office? Check.
- Is my professional exit strategy in place and ready? Check.
When you have excess cash flow and assets to invest, you can choose from a vast number of different types of investments, which can be a daunting task due to their sheer number and, in many cases, their complexity. In addition to understanding how different investments work, it is essential for investors to know if investments are suitable for their particular needs and risk tolerance.
Chances are good that if you turn on the prime time news on any given day or pull up your favorite newspaper on your tablet one of the top stories will relate to emerging risks around the world.