MoneyWisdom Blog

9 Smart Moves for Lottery Winners

Posted by Hanscom Federal Credit Union on Oct 10, 2019 3:47:00 PM

Beating incredible odds, you’re holding a winning lottery ticket in your sweaty-hands. Your heart is racing. You’ve checked the numbers more times than you can count. What should you do? Breathe. We spoke with several investment advisors and attorneys to find out the top advice for lottery winners, and we share their advice here.

To start, they advise that you don’t make any life changes right away. In fact, keep quiet about your winnings until you have had time to think through the consequences of making the news public. Don’t go on a spending spree. Don’t post your windfall on Facebook. Do everything that you can to maintain your privacy because predators will be knocking at your door. 

Next, follow these smart steps for lottery winners: 

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Topics: Investment

Costs to consider before buying an investment property

Posted by Phil Purcell on Nov 9, 2017 5:00:00 PM

In order for this to be an enjoyable, rewarding and lucrative experience, it’s vital that you’re fully aware of what’s involved and required to be successful. While this article not meant to deter you, it is meant to honestly depict all the responsibilities of property ownership.

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Topics: mortgage, Investment Property, Investment

6 Tips to Max Your Investment Property Profit

Posted by Phil Purcell on Nov 9, 2017 4:30:00 PM

Here are six essential tips to help ensure that you realize the largest possible profit from your investment property: 

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Topics: Investment Property, Investment

5 Ways to Whip Your Investments Into Shape

Posted by MoneyWisdom Newsletter on Oct 25, 2017 9:59:23 AM

Don’t wait until the end of the year rush to assess your investment portfolio. Whether you have an employer-sponsored retirement plan, a brokerage account, or both, you still have time to improve your strategy this year.

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Topics: Money Management, Savings, Investment

Top 4 Myths About Target Date Funds

Posted by Hanscom Federal Credit Union on Jul 12, 2017 10:51:09 AM

When it comes to choosing investments in a retirement plan, picking one that seems the most hands-off may be enticing. For many, that means investing their money in a target date fund, a combination of stocks, bonds, and cash that becomes more conservative as the target date nears.

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Topics: Savings, Retirement, Investment

Election Year Investment Jitters? Our #1 Piece of Advice

Posted by MoneyWisdom Newsletter on Oct 6, 2016 7:12:18 AM

If you’re feeling a little uneasy about what’s going to happen to your investment portfolio when a new president is elected, you’re not alone.

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Topics: Money Management, Investment

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