March 30, 2020

Multiple Streams of Income: Pros and Cons

BlogBy Financial Yogi March 30, 2020

MULTIPLE STREAMS OF INCOME: PROS AND CONS As a financial planner, I am constantly explaining the benefits of diversifying investments to my clients. In finance, diversification is a way to reduce your exposure to risk by investing in a wide variety of different asset types. But what about diversifying your income streams as well? What

Investment Accounts | Part 5: 401(k)

Retirement Plans SeriesBy Financial Yogi March 30, 2020

401(k) You may be familiar with a 401(k) at your work place. A 401(k) is a retirement plan put in place by a business, where automated contributions can be made through your paycheck. One benefit of participating in a 401(k) plan, is that many employers offer to match a portion of what you save, which