There are a number of things you need to take into consideration when you are looking at trying to determine what effects certain elements will have on your financial future. One factor would be the repealing of the estate tax. This occurred on January 1 of this year. This could have a huge impact on your financial future. There is the proposed elimination of fees by the SEC. this could allow you to do more investing while you are trying to determine and set your financial future. The changes made in college loan programs make it easier for you to save for your own financial future as opposed to trying to find money to pay for your child’s future.
Be aware of the inconsistencies in the investments made in the past few years. By doing this you will have a better idea of how your money is going and growing. Do not forget about inflation either as this will have a huge impact on your current plan and how you may need to update it.
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.
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