4 Tips on How to Manage Generational Wealth
Have you ever wondered how the “old money” families were able to stay so wealthy and successful? What strategies did they use to ensure financial stability for so many generations? The answer is telling: they focused on building and preserving generational wealth. Why is generational wealth important, what are its challenges and how can you […]
Deciding When to Retire: When Timing Becomes Critical
Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last. You’ll need to take into account your life expectancy […]
6 Steps to Take Now If You Plan to Retire Soon
In order to retire comfortably with enough savings to have enough income for a comfortable retirement, you must plan ahead. Ideally, you have taken all these steps well ahead of time, and this guide is just a refresher. However, if you plan on retiring soon (especially within the next 5 years), it is still not […]
How Much Annual Income Can Your Retirement Portfolio Provide?
Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or the principal itself, is known as your withdrawal rate. Figuring out an appropriate initial withdrawal rate is […]
Day Trading vs Investing What’s the Difference?
Your goals should drive your choices. If you are planning for retirement, long-term growth, and financial freedom, you must understand that…
Investing Resources and Tools To Help You Reach Your Financial Goals
Better Investing: Investing Resources and Tools To Help You Reach Your Financial Goals At Ridgewood Investments, our advisors pride themselves on always continuing to seek out new knowledge about investments and the financial industry. Whether you are a new or an experienced investor, expanding your investing knowledge is essential. New investment options, shifting market conditions, […]
Questions Investment Advisors Ask to Personalize Your Financial Plan
The Top Questions Your Investment Advisor Should Be Asking to Personalize Your Financial Plan When choosing a financial advisor, you will likely have a list of questions for your top candidates. You’ll want to know whether the advisor is a fiduciary, their investing philosophy, and logistics like how they communicate with clients. Interviewing a financial […]
Introduction to Non-Fungible Tokens
NFTs for Creators and Investors If you have been reading about the recent rise of cryptocurrencies like Bitcoin and Ethereum you may have heard of blockchains and various other developments such as the recent spike in popularity of certain non-fungible tokens or NFTs. The difference between NFTs and normal tokens is that in some respects […]
What Is A Multi-Family Office?
Family offices, which are private wealth management advisory firms that cater to ultra-high net worth investors, offer comprehensive services to manage the entire wealth of an individual or family. Family offices differ from traditional wealth management firms in that they offer a complete outsourced solution for all financial and investment concerns of their clients. Single-family […]
Large Brokerage Houses vs Boutique Investment Advisor Firms
What is the Difference Between a Large Brokerage House and a Boutique Investment Advisor Firm? Unless you are a do-it-yourself investor, finding the right financial advisor(s) to guide you is one the most important choices that you can control towards having a comfortable and worry free future. A good or even great advisor can be […]
Effective Strategies to Maximize Income in Retirement
We all love to dream about the lazy days and freedom of retirement when working against a hard deadline or dealing with a difficult boss. In reality, many retirees find that they enjoy continuing to work in some capacity. Part-time work, consulting, and passion projects all become possible when you are no longer locked in […]
What Return Can You Expect on Your Investments?
Where you decide to invest your money can significantly affect how fast your funds grow and how much risk you are exposed to. In general, lower risk investments yield lower returns while higher risk investments have the potential for much higher returns but experience more volatility. A well-balanced portfolio will spread your money across different […]