Young Professionals’ Choices in Day-to-Day Spending Can Impact Financial Future

Spending index research conducted by Princeton Survey Research Associates revealed that young professionals are spending significantly more than their elders in four of the six categories examined in the survey. The survey confirmed that many adults in the 22 to 37 age group were falling victim to common daily spending vices that can lead to larger financial struggles.

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Client Services Beyond Investing

Here at River Wealth Advisors, we love what we do. Our work provides us with daily opportunities to help clients clear away the uncertainty involved with financial decisions and move forward in their lives with confidence. Much of our work is focused on the development of portfolio objectives and the oversight of investment strategy, helping clients marry their goals and objectives with their resources. Portfolio management and planning are critically important components of our day, but our job does not end there.

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Retirement Advice – Pass It On to Your Millennials

One question we often get at River Wealth Advisors from our clients is how they can help their adult children jump-start their retirement savings. The answer that applies to everyone is “get started now”; no matter how small, your savings will add up over time. Don’t underestimate the power of compounding returns.

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Year-End Financial Considerations

Whether you’re ready or not, the end of the year is quickly approaching.  Now is the perfect time for investors to review their portfolios to take care of any year end items and align investment goals with any upcoming life changes. The first thing you want to take a look at is to make sure that you have maximized contributions to your 401(k), IRA, Roth IRA, or other retirement plans. 

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Cost Of College Derailing Parents Retirement

A generation ago, a much smaller number of American high school students planned on attending college in the future. Today, nearly 70% of high school graduates are enrolling in college. The increase in the number of students attending college, along with skyrocketing tuition costs, has left many families financially unprepared for higher education.

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Investing In Bonds Could Add Balance To Portfolios

We have all read numerous investment articles lately that talked about the advantages of being “balanced.” Now that so many folks finally see the light, they are faced with deciding whether now is the right time for bonds; what type of bonds they should add to their portfolios; and if they do buy bonds, how do they go about it?

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Recently Retired Or Changed Jobs? What You Need To Know About 401(k) Rollovers

Major life changes, like retirement or landing a new job can be a big adjustment. Not to mention all the financial considerations that must be managed during these transitions. One major financial decision is whether or not to rollover your employer-sponsored retirement plan. If you decide to rollover your existing plan, there are things you should consider.

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Don’t Let Healthcare Costs Ruin Your Retirement

Most post retirement costs can be accurately predicted, but some retirees get tripped up by unexpected healthcare costs. Understanding which healthcare costs will be covered by Medicare and what will have to be paid out-of-pocket can make the difference between a secure retirement and one fraught with financial woes. 

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