Blog
Is Long-Term Care Insurance Right for Your Retirement Plan?
Nearly 45% of people over 65 will require long-term care, with costs averaging over $100,000 per year. Without a plan, these expenses could quickly deplete your savings, making it essential to consider self-funding, government assistance, or long-term care insurance.
Plan Ahead: The Power of Sinking Funds
There’s nothing like the peace of mind knowing the money for upcoming expenses is already set aside. While an emergency fund covers unexpected events, a sinking fund helps you plan for those you can foresee—like taxes, insurance, and holiday gifts. It's a simple way to manage recurring expenses without stress.
Invest Like a Woman: Closing the Gender Wealth Gap
More women are investing than ever, closing the financial gap and building lasting wealth. With smart strategies like diversification and long-term planning, you can take control of your future and achieve financial independence.
Is It Better to Rent or Own?
Deciding whether to rent or buy a home is one of the biggest financial choices you’ll make. Renting offers flexibility and fewer maintenance responsibilities, while homeownership builds equity and long-term financial stability. But which option is right for you?
Love and Money: Building Strong Relationships Through Financial Unity
Money isn’t just about dollars and cents; it’s a reflection of trust, communication, and shared goals in a relationship. Whether you’re overcoming past financial mistakes, aligning your spending habits, or setting long-term goals, the key is working as a team.
Evaluating Funds for Your Portfolio: How to Choose Mutual Funds
While selecting the right mutual funds is important, the cornerstone of wealth-building lies in a disciplined, long-term investment approach. By starting early and investing consistently, you harness the power of compound growth, setting the stage for financial success. Diversifying through mutual funds can further enhance your investment strategy, making it more manageable and effective.
Financial Psychology: Understanding and Beating Biases
Your financial future isn’t just about numbers—it’s about mindset. Behavioral finance, the study of how attitudes and biases shape financial decisions, is changing the game. Uncover 12 common money biases in this article and gain actionable tips to overcome them.
The Dala Group’s Favorite Family Games
At The Dala Group, we believe in balancing hard work with a little fun. We asked our team to share their favorite family games, and the responses were both surprising and heartwarming!
The RMD: Everything You Need to Know….Nearly
RMDs (Required Minimum Distributions) are the minimum amounts you must withdraw from tax-advantaged retirement accounts once you reach a certain age. While they may sound complicated, understanding how RMDs work is key to avoiding penalties and making smarter financial decisions for your future.