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Learn about how different retirement accounts work to find one that is the best match.
While it is essential to save for retirement, sorting through the options for retirement accounts isn’t always easy. Individual retirement accounts come in many shapes and sizes. Choosing the right one will depend on factors such as your job, income level and household situation.
With a goal to ensure women who want to enter or advance in the finance industry succeed, the Lucy Shair Foundation for Women in Finance is taking applications for a $5,000 grant to cover expenses such as office space, licensure, and continuing education.
When it comes to establishing trust between a financial advisor and a client, do gender and skin color matter?
3(b)s are for government or non-profit employees, while 401(k)s are offered by for-profit companies
What do women need to know about their retirement planning and goal setting? Hear more from financial planners and investment advisors who have advice across the generations: Gen Z, Millennials, Gen X and Boomers.
U.S. News & World Report contributor, Rachel Hartman: Here’s what can lead to a decline in your 401(k) balance and how to avoid setbacks. If you have made contributions to a 401(k) through your employer, it’s natural to be concerned about the plan’s performance. Like all investments, there are risks involved with setting aside funds for the future. While many 401(k) plans are designed to safeguard against substantial losses, it’s not unheard of to see an account balance drop occasionally.
Whether you have $25 million or $25 to spare, there’s a lot to learn from how the world’s richest woman, MacKenzie Scott, is donating her fortune.
America has not seen this kind of massive national mobilization since World War II. You might have thought that particular America was long past, but today’s events prove we can still be a united nation. As the old saying goes, “when the going gets tough, the tough get going.”
Not that you need more things to be stressed about right now, but does hearing the term “401(k)” leave you sweating? It can seem daunting, but a 401(k) is just an account designed to help you save money for retirement. Yes, it’s truly as simple as that.
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Maya’s Take
From risk assessment to risk management, Maya’s articles illuminate the nuance of risk and demystify the process behind protecting your organization from unforeseen financial losses.
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With the US possibly running out of cash in a month, nonprofit leaders and board members should be seriously asking themselves how much cash on hand the organization has in the event of an emergency.
Recession fears leave nonprofits bracing for the double threat of increased demand from their communities struggling to make ends meet as well as donors holding back until the economy shows some strength. Yet this is THE time for nonprofits to show their own strength, particularly for organizations focused on communities in financial straits.
While any unplanned funding bounty provides enormous opportunity for a nonprofit striving to improve philanthropic impact, a sudden increase in financial support requires an equal level of preparation to effectively receive that funding.
In these chaotic economic times, it’s important that your nonprofit’s financial plan to address how easily the organization can access cash. Here are three things nonprofits should know about emergency reserve cash.
A nonprofit with a robust financial plan will ensure that the organization’s cash reserves are fully insured BEFORE an economic crisis.
A quick update from Fairlight Advisors on nonprofits with an investment, economic and financial lens.
Having a powerful network can bolster a nonprofit’s donor base, ensure financial resilience and open access to additional funding sources. But what happens when the Executive Director and Board Members do not have a powerful network? The result is a Network Gap.
How do nonprofits build up financial resilience? They practice these three financial strategies.
As a nonprofit board member, you may not know how to assess whether an organization is financially resilient, yet you can see from the outside that the nonprofit is well supported. You can start by taking the Fairlight Resilience Assessment and help give your nonprofit board x-ray vision. Read on for more information to support your nonprofit’s financial resilience.
Is your nonprofit financially resilient? Can it survive the onslaught of crises after crises and still fulfill its philanthropic mission? There are a few factors your organization can x-ray to get an initial indication of financial resilience in the face of uncertainty.
Katharine’s Take
Katharine’s articles speak to the donor side of non-profit management, offering guidance and providing rich perspective surrounding the topics of interest to the active philanthropist.
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If your nonprofit is looking to grow after a major gift, investing is the next step. Learn how to get started with nonprofit investing in this article.
The stock market has been extremely unpredictable or volatile, zigzagging like a rollercoaster, reacting as it will to the latest news. Here are 3 things nonprofits should know about investing endowments in turbulent markets.
On Friday March 10th, major headlines around the world announced the failure of Silicon Valley Bank (ticker SVB) and the largest bank failure since Washington Mutual in 2008. Understandably, this made investors nervous, including nonprofit leaders and board members even though many did not hold deposits with SVB directly.
So what does your nonprofit learn when banks fail? Three lessons come to mind:
The last five years of returns have been lumpy for emerging markets to say the least. However, at Fairlight Advisors, we’ve long advocated for a well-diversified, global market portfolio which includes both equity and fixed income allocations to emerging markets.
While the fixed income markets have taken a rare beating due to rate increases by the Fed, nonprofits now have more options to invest operational funds parked for a short time horizon. Nonprofit leaders should become familiar with the array of fixed income investments as they can provide returns at a lower level of risk, depending on an organization’s time horizon.
“Coast FIRE” is an early-stage milestone for Financial Independence, Retire Early (FIRE) enthusiasts. By saving more aggressively in your early years, you’ll hit your Coast FIRE number, the amount of invested assets you’ll need for compound interest to carry you the rest of the way to retirement.