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From Collegiate Presswire's RadioWire (https://www.cpwire.com/radio): Radio Many people resolve to save money or pay down debt in the New Year. But recent tax law changes and signs of an improving economy make it more important than ever to prioritize your finances. A recent survey conducted by Schwab found that while 74 percent of investors plan to take a vacation this year, just 38 percent plan on meeting with a financial advisor. While vacations last a week or two, investments can last a lifetime. Rande Spiegelman with the Schwab Center for Investment Research offers three financial resolutions for the New Year: "Give your portfolio a check-up: just like your car or your health, your finances need regular check-ups too. Make sure your savings and investments are in line with your goals, time horizon and risk tolerance and don't forget to diversify! Track your spending: write down everything you spend for 30 days, then look for ways to cut back. Use the savings to pay down credit cards and to build up an emergency fund. Max out retirement savings: start early, contribute often and even if you can't contribute the maximum amount, be sure to contribute as much as you can." For more financial resolution tips, visit schwab-dot-com-back slash-marketinsight. Don't wait - make it your new year's resolution to get your finances in shape. CLICK HERE to download a transcript of this story: CLICK HERE to download a multimedia (MP3) file of this story: © Copyright 2003 Collegiate Presswire, Inc. and NBN / CP RadioWire |