When considering retirement – whether it’s already upon you or still years down the road – one of the most important tools to equip yourself with is knowledge. Your income or expenses can rise or fall. Markets will go up and down. There are plenty of uncontrollable circumstances that can affect both your current and future finances, but knowing how your savings, investments, and other financial vehicles operate is a great way to prepare for whatever comes your way.

According to the Financial Industry Regulatory Authority, 66% of Americans are considered financially illiterate. The obvious downside of this comes in the immediate form of higher debt, risk of bankruptcy, and an increase in susceptibility to financial fraud. But becoming financially literate also presents opportunities like having the insight to react to current situations that can best align you to build your nest egg or help mitigate potential tax burdens in the future. 

Becoming more financially literate can help you:

• Stay on top of your current budget
• Know if your current retirement plan aligns with your goals
• Plan for changes to income and expenses in retirement
• Maintain financial confidence in the future

Anyone looking to learn could benefit from a knowledgeable guide. That’s where we’re here for you. Contact us at Consha Financial at 678-539-9518 to begin your quest for more financial know-how.

Investment advisory products and services made available through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 

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Investing involves risk including the potential loss of principal. Any references to [protection benefits, safety, security, lifetime income, etc.] generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

Insurance products are offered through the insurance business Consha Financial. Consha Financial is also an Investment Advisory practice that offers products and services through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. IPW does not offer insurance products. The insurance products offered by Consha Financial are not subject to Investment Advisor requirements.

This blog is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.