Investment Services

Investment Planning:
What’s important about money to you?

Why is it that a lot of people never obtain financial independence? Some people procrastinate, while others find investing too risky, complex or time consuming. Others lack the discipline to save regularly. Whether you’re nearing retirement, just out of school or somewhere in-between, it’s always a good time to save.

Why invest?

One of the primary reasons people invest is to provide for future expenses. This includes, but is not limited to funding the cost of college for children, having a nest egg for our retirement, housing and health care expenses during retirement. Inflation for some of these expenses is rising at rates far exceeding general rates of inflation.

Because people have different goals and needs, each recommendation are individually tailored. However, there are a few common denominators that characterize a prudent fiscal approach:

  • Get in the habit of saving by regularly setting aside a portion of your income.
  • Don’t put all your eggs in one basket. Though it doesn’t guarantee a profit or ensure against the possibility of loss, having multiple types of investments such as mutual funds and annuities may help reduce the impact of a loss on any single investment.
  • Understand your risk tolerance and the fact that investment balances will fluctuate.
  • Invest based on information and education, not gut feelings.
  • Have a short-tem, intermediate and long-range plan. Be realistic.
  • Maintain a balance between offensive and defensive strategies. For example, if you have credit card debt, pay that off before maxing out on your company 401(k).
  • Establish an emergency fund and ensure sufficient insurance coverage.
  • Start saving early to take advantage of the power of compounding.
  • Review your plan periodically. Investment management is an ongoing process. Keep good records and recalculate your net worth annually.

Newhouse Financial and Insurance Brokers can help you define your goals, identify your objectives and work with you to create a comprehensive strategic plan.

What Newhouse Can Do For You

Though saving for college and retirement may be difficult, and compromises may be inevitable, Newhouse can make the overall process manageable and easier.

By starting a college savings plan early, you’ll give your kids a good head start by the time they are ready to move into their dorms. Plus, there’s financial aid available to help cover the cost.

Contact us to learn how to design and fund a plan that meets your goals and budget..

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