No matter where you turn these days, news broadcasters, financial pundits and market watchers are talking about the Federal Reserve and what they will do with interest rates. Will they continue to increase rates or become more accommodative and slow down their increases? Since the 2008 financial crisis, the Fed has raised rates eight times (once in 2015, once in 2016, three times in 2017 and, so far, three times in 2018). What will happen next?
Atlanta Financial Blog
Financial Planning Helps Travel Dreams Come True – Even For Financial Planners
Travel dreams to exotic locales shouldn’t be reserved for the retired. Instead of putting off travel until retirement, splurge on some exciting travel now – while you have the interest, energy and stamina to enjoy every single moment. Come up with a list of places you would like to visit but when prioritizing them, consider putting the more strenuous ones higher on the list when you know you will be able to enjoy them.
- Machu Picchu and the Galapagos
- Croatia, Bosnia and Herzegovina
- Southeast Asia
If you still aren’t convinced that travel is a good investment, consider the health benefits associated with checking another destination off your list. Travelers between the ages of 65 and 74 who had just returned from a trip longer than two weeks reported increased invigoration for more than a month after they returned home. That’s empirical proof that the great feelings you experience when you change latitudes really does last.
Maybe the 55+ crowd has decided to pull a page from the Millennial Handbook. Recent reports show that 47% of young adults between 18 and 34 said they would rather spend their money on travel than buy a house.
An estate plan is a map that explains how you want your personal and financial affairs to be handled in the event of your incapacity or death. Due to its importance and because circumstances change over time, you should periodically review your estate plan and update it as needed.