Month: November 2023

How to Create a Personal Finance Plan for Retirement Savings
Personal Finance

How to Create a Personal Finance Plan for Retirement Savings

- by Juana Baumgartner

As you near retirement age, it becomes increasingly important to have a solid financial plan in place to ensure your golden years are comfortable and worry-free. Creating a personal finance plan for retirement savings is crucial to achieving financial security and independence during your retirement years. Here are some steps to help you create a strong financial plan for retirement:

1. Determine Your Retirement Goals

Start by envisioning what you want your retirement to look like. Consider factors such as where you want to live, what activities you want to do, and any financial obligations you may have. Having clear retirement goals will guide your financial planning process.

2. Assess Your Current Financial Situation

Take stock of your current financial status by examining your income, expenses, assets, and debts. Knowing where you stand financially will help you set realistic goals and determine how much you need to save for retirement.…

How to Create a Personal Finance Plan for Retirement Savings Continue Reading >>>
Best International Mutual Funds for Global Diversification
Finance Companies

Best International Mutual Funds for Global Diversification

- by Juana Baumgartner

Diversification is a key principle of investment strategy, and when it comes to building a well-rounded portfolio, international mutual funds can play a crucial role in providing exposure to global markets. As investors seek to capitalize on opportunities beyond their domestic market, the following international mutual funds stand out as top choices for achieving global diversification:

1. Vanguard Total International Stock Index Fund (VGTSX)

The Vanguard Total International Stock Index Fund offers broad exposure to both developed and emerging international equity markets. With a low expense ratio and a diversified portfolio of stocks from countries across the globe, this fund provides investors with a cost-effective way to access international markets and diversify their holdings outside of the United States.

2. Fidelity International Growth Fund (FIGFX)

The Fidelity International Growth Fund focuses on investing in high-growth international companies, offering investors exposure to businesses that demonstrate strong potential for expansion and long-term …

Best International Mutual Funds for Global Diversification Continue Reading >>>