Money Talks with Family

Money Talks with Family

Money can be a polarizing subject to discuss. We all have different perspectives, attitudes, goals, and habits when it comes to how we think about money and how we use it. Ultimately, money is a tool that we each have the opportunity to put to use for a more noble purpose. Conversations around the use of money can become even more divisive in the context of family. Our families see the best and worst of us, can love us the best and hurt us the most, and play a huge role in shaping what our lives ultimately look like. Conversations about money in the mix of family life can quickly highlight competing goals, desires, and attitudes. However, these conversations can also be an opportunity for a family to come together for a united purpose. Families that have conversations about money set themselves up well for handling the financial stresses of life that are sure to come.

Emotions and Your Retirement Investments

Emotions and Your Retirement Investments

It’s Easy to Let Emotions Get in the Way by Bob Haymond, CFP

We have seen some big swings in the stock market the past five months. As a result, Servant Solutions has talked with several of our participants about these market changes. Having a plan and sticking to it can help you weather your emotions and avoid common mistakes such as buying and selling at the wrong time out of panic or exuberance.

The Importance of Diversification

The Importance of Diversification

A market "quilt” image shows that it is difficult, if not impossible, to find any kind of trend. It demonstrates the unpredictability and randomness of investment results, and that past performance does not predict future performance. This underscores the importance of diversification in your portfolio as a tool to help you reach your investment goals and manage risk.