We wish you the best this Thanksgiving –– whether you’re watching the big game, munching on turducken or waiting in line for Black Friday deals. We hope you have a moment to give thanks and consider the things that happened this year that brought you joy.
Industry insiders argue that bonds are now a source of return-free risk. A quick Google search for “Why own bonds?” or “Why own bonds now?” reveals thousands of articles. And an army of analysts watch each meeting of the Federal Reserve, waiting (still!) for a change in interest rate policy. With so many so concerned, it makes sense to ask “why does Financial Engines allocate assets in my portfolio to bond funds?”
One part of the answer is that Financial Engines tries to use financial markets – not time them.
Check out this story from Investment News.
Alessandra Malito from Investment News writes about the deal and what it means for both the industry and investors like you. Read the story and then learn more about what to expect if you’re a Financial Engines customer here.
Yesterday, we made the exciting announcement that Financial Engines has entered into a definitive agreement to acquire The Mutual Fund Store, an independent Registered Investment Advisor organization that provides personalized financial planning and independent advice from over 125 locations across the U.S.
Here’s the challenge: we all know we need to plan for retirement, but it’s hard to know how much we’ll really need to live comfortably once we get there.
It’s easy to get lost in a sea of online calculators with competing viewpoints and worrying about how long your money will last. As it gets more complicated, you may be tempted to give up. And that’s why we’re here.
We can help you estimate your budget for retirement based on what you already know today.
Living with a budget doesn’t have to be intimidating – it’s as simple as knowing what you have, what you spend, what you can save and what you can invest. It’s a tried and true method for helping you reduce or eliminate debt, ease financial stress, and if you stick to it, put you on the path for building wealth.
While the elements of budgeting seem simple on paper, we understand it can be a challenge. The goal is to start getting an honest picture of your financial situation and then slowly make adjustments so you can eventually realize your long term financial goals.
What Are Your Financial Goals?
The S&P 500 fell over 6.4% in the third quarter and is now down 5.3% since the beginning of the year. For the trailing 12 months, the S&P 500 is nearly flat. Smaller company stocks represented by the S&P Small Cap 600 index had an even more challenging third quarter, dropping 9.3%.
The third week in October is National Save for Retirement Week—a time to reflect on the importance of saving for retirement by encouraging folks to save money and participate in their employer-sponsored retirement plans or to save on their own.
Sometimes the hardest part of saving is knowing what to do. So we asked our experts to share some tips that can help you get ahead.
1. Remember: it’s a marathon, not a sprint. Saving for retirement can feel like an insurmountable goal. But breaking it down into a series of more manageable milestones can help it feel a lot less daunting. Start by working with a financial advisor to put together a savings plan can help kick start this process.
Technology has helped make investing easier than ever, but it can be frustrating when you just want to talk to someone about your money. Our new research finds that consumers want more than technology: they want a real, human financial advisor in their corner.
We offer that help at Financial Engines.
To learn more about what people had to say, we put together this infographic illustrating some of the findings from our latest research report, “The Human Touch: The Role of financial advisors in a changing advice landscape.” To learn more take a look at the full report and the infographic below.
Debt consolidation might be the answer to get you back in control of your financial life.
How does it work?