Archive of Rich Best - Weekly Financial Tip
  • How Much Credit Card Debt is OK?
    Should you have credit card debt? It depends on who is asking the question. Here are some tips for managing your credit card debt.... more
  • It’s Time to Rebalance Your 401(k) Plan
    Do you rebalance your 401K Plan at least once a year or after a significant movement in the market? Here are some tips on why you should do this.... more
  • Do Single People in Their 20s and 30s Need Life Insurance?
    You should really consider getting life insurance when you are young. It is not just about protecting your family. It is about protecting your insurability.... more
  • Understanding the Power of a Roth IRA
    Financial planners are discovering the power of the Roth IRA as a retirement income planning and multi-solution tool. Learn what it is and how it may work for you.... more
  • Unique Financial Issues Facing Women Today
    90% of women will, at some point, be the sole financial decision-maker for their family. Yet women face unique financial issues. What are they?... more
  • How to Talk About Money With Your Spouse
    Money issues are the major cause of stress and divorce. Discussing money and budgets is a good idea for all married couples. Rich provides some tips on making that happen.... more
  • Why You Need A Second Financial Opinion
    Are you satisfied with your financial plan? Have you thought about getting a second opinion on your plan? Here are some reasons to do it and tips on what to do.... more
  • Questions to Ask Yourself Before Investing in the Stock Market
    Are you ready to invest in the Stock Market? Here are some questions you should ask before you take that important first step.... more
  • Target-Date Funds: Should You Just Set it and Forget it?
    Target-Date Funds are not for everyone. But, if you have your sights set on retirement and your mind on other things, do not dismiss them out of hand. Here is why.... more
  • 4 Reasons Your Credit Score Matters During Retirement
    Having a god credit score in your retirement years is still important. Here are 4 reason why.... more
  • Are Do-it-Yourself Online Wills Right For You?
    Online Wills may be less expensive than using a lawyer. But your situation my require more advanced legal service. Weigh the pros and cons of both services before you decide.... more
  • Penalty-Free Retirement Plan Withdrawals during COVID-19 Crisis. Should You or Shouldn't You?
    Withdrawals from retirement accounts for those affected by COVID-19 should be weighed against all of the alternatives so as not to impact your retirement funds in the long run.... more
  • Coming Out Ahead in a Market Decline with Dollar Cost Averaging
    Timing the stock market to invest rarely works. Learn how the strategy of Dollar Cost Averaging can help you invest and come out ahead even when the market declines.... more
  • Penalty-Free Retirement Plan Withdrawals during COVID-19 Crisis. Should You or Shouldn't You?
    Withdrawals from retirement accounts for those affected by COVID-19 should be weighed against all of the alternatives so as not to impact your retirement funds in the long run.... more
  • How COVID-19 Impacts When to Claim Social Security Benefits
    While COVID-19 won't affect Social Security benefits, it may impact whether or not you decide to file for early retirement benefits and the amount of your lifetime benefits.... more
  • COVID-19 Emergency Response Legislation to Ease Strain on Personal Finances
    COVID-19 Emergency Response Legislation Loosens Retirement Plan Rules. Learn what they are and how to take advantage of them.... more
  • Using ETFs to Diversify Your Portfolio
    Diversification is the key to long-term investing. Here are some options to consider when building a diversified portfolio.... more
  • It's a Scammer's Market in Car Financing - Don't Become a Victim
    There are some car dealers who try to make a quick buck at the customer's expense. Here are three ways to spot and avoid falling prey to deceptive practices.... more
  • What's Your Estate Plan?
    Having a properly prepared estate plan in place will not only protect your family, but will give you greater control and security of your legacy.... more
  • Choose Social Security Options Wisely or it Could Cost You
    Choosing the wrong time to start your Social Security benefits will cost you. Key planning consideationss are crucial when choosing to take your benefit options.... more
  • Active or Passive Style Investing - Which is Right for You?
    Active investing requires a hands-on approach while passive investing involves less buying and selling. Here is a breakdown of how they differ.... more
  • Crash-Proofing Your Retirement Portfolio Through Diversification
    Owning a mix of stocks and bonds is a good start toward portfolio diversification. Here are some strategies on how to diversify your portfolio.... more
  • Financial Lessons from Great Sports Figures
    If we can learn and apply good life lessons from athletes, we can also learn a few personal finance lessons as well.... more