A new approach to financial planning

A new approach to financial planning

Financial planning, as a relatively new profession, experienced a rapid pace of evolution. It initially began as an aggregation of the previously segregated services of the financial industry—brokerage, banking, and insurance—but took a major leap forward when the first class of Certified Financial Planner™ (CFP®) holders of the designation graduated in 1973. Completion of this…

How much money do you need in an emergency fund at each stage of your career?

How much money do you need in an emergency fund at each stage of your career?

Nirunya Juntoomma | Warehouse | Getty Images If you’re feeling uncertain amid stock market volatility, high inflation, and rising interest rates, you may be wondering how much cash you really need to have on hand. But the right amount to have in your emergency fund depends on your family’s situation and needs, financial experts say….

Despite recession fears, most investors haven’t moved 401(k) assets

Despite recession fears, most investors haven’t moved 401(k) assets

Walrus Pictures | E+ | Getty Images Many investors fear a recession is coming amid rising interest rates, high inflation and stock market volatility. But most haven’t changed their portfolios, according to research by Fidelity Investments. Only 5% of 401(k) and 403(b) investors moved their asset allocation during the second quarter of 2022, message foundslightly…

Most adults who do not work with financial planners experience anxiety

Most adults who do not work with financial planners experience anxiety

The Select editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Navigating your personal finances is easier said than done, especially when you’re trying to…