Investments
What is a stock?
Ownership in a company
When should I start planning for retirement?
NOW!
What is a 529?
Tax advantaged savings plan designed to encourage saving for future education costs
How much should I have in an emergency fund?
About 3-6 months worth of expenses
How long has Christine been in the financial industry?
Almost a decade
What is a bond?
A loan you give to the government, corporation, or municipality in exchange for interest payments
How much should I be saving for retirement?
It depends... but rule of thumb 15%-20% of income
On average, how much does college cost?
Anywhere from $10k - $45k annually!
What is considered "good" debt?
Low interest rates, Long Amortization Periods, Asset Backed, Tax Deductible Interest
Yes, $250k
US Stock Exchange Index
What is the earliest age to claim Social Security?
62
How much should I save annually for college?
Depends on the school
What is considered "bad" debt?
High Interest Rates, Short Amortization Period, Consumption Backed, Non Tax Deductible Interest
What certification(s) does Christine hold?
CFP and ChSNC
What has the market returned year to date?
Close to 20%
What is generally a "safe" withdrawal rate from your investments in retirement?
About 4% but depends on your total financial picture and goals
What are the benefits of a college savings plan?
Tax-deferred investing and tax-free withdrawals for qualifying expenses
Dividend paying stocks, bonds and fixed income securities, real estate investments
Who is Christine's ideal client?
Families seeking to grow and protect their wealth through personalized financial strategies