Few terms in personal finance are as important, or used as frequently, as “risk.” Nevertheless, few terms are as imprecisely defined.
When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is or take it with you?
Caring for your aging parents is something you hope you can handle when the time comes, but something you probably hope you never have to do.
Retirement planning involves an analysis of the various choices you can make today to help provide for your financial future. To make appropriate choices, you need to predict–as well as you can–your future economic circumstances.