Saratoga.com logo
Saratoga.com logo
  • Places to Stay
  • Things To Do
  • Food & Drink
  • Events
  • Businesses
  • Travel Guides
Saratoga Business Journal
  • Home
  • New Businesses
  • Business News
  • Business Reports
  • Business Briefs
  • Business Registrations
  • Personnel Briefs
  • Contact Us
Home  »  Business Reports  »  Business Report: Put Your Financial 'Puzzle' Together
Business Reports

Business Report: Put Your Financial 'Puzzle' Together

Posted onJanuary 8, 2016November 8, 2017

BY ROB SNELL

Jan. 29 is National Puzzle Day, with puzzle celebrations
and events taking place at museums, libraries
and other venues across the country.
Why this date was chosen–or why National
Puzzle Day even exists–is something of a mystery.
But as an investor, you can find value in the concept
of a puzzle, specifically, in putting together the pieces
of your financial puzzle.

What are these pieces? Here are the essential ones:

Growth

At different times in your life, you will have
various goals – purchasing a first or second home,
sending your children to college, enjoying a comfortable
retirement, and so on. While these goals
are diverse, they all have one thing in common: To
achieve them, you’ll need some growth potential in
your investment portfolio. The nature and the extent
of the growth-oriented vehicles, such as stocks and
stock-based instruments, in your holdings will depend
on your specific goals, risk tolerance and time
horizon – but growth opportunities you must have.


Income

Income-producing investments, such as bonds
and dividend-paying stocks, can help supplement
your earned income during your working years
and provide you with a valuable income stream
when you’re retired. Plus, bonds and other incomeproducers
can help balance a portfolio that might
otherwise be too heavy in growth vehicles – which,
as you know, are typically higher in risk.

Taxes

Taxes will always be part of the investment
equation. Whenever possible, you’ll want to take
advantage of those accounts that let you make
tax-deductible contributions and that provide the
opportunity for tax-deferred growth, such as a
traditional IRA and your 401(k) or other employersponsored
retirement plan. You may also find that
you can benefit from tax-free investments, such as
some types of municipal bonds and a Roth IRA.
(Your Roth IRA contributions are not tax-deductible,
but your earnings grow tax free, provided you’ve had
your account at least five years and you don’t start
taking withdrawals until you reach 59½.)

Protection

You can’t just invest for your future. You also have
to protect it. If something were to happen to you,
would your family be able to remain in your home?
Would your children still be able to go to college? To
help ensure continuity and security in your family’s
lives, you’ll need to maintain adequate life and disability
insurance.

Also, you will need to protect your independence
in your retirement years, as you no doubt would
want to avoid burdening your grown children with
any financial burden. To attain this type of freedom,
you may have to guard against the potentially catastrophic
costs of long-term care, such as an extended
nursing home stay. A financial professional can suggest
ways of meeting these expenses.

Legacy

After working hard your whole life, you’d probably
like to leave something behind to your children,
grandchildren, other family members and possibly
even charitable institutions. To create the legacy
you desire, you will need to create a comprehensive
estate plan. Because such a plan may involve a will,
living trust and other complex legal documents, you
will need to work with your legal and tax advisors.

Try to put these pieces together to help complete
your financial “puzzle” – when you do, you may well
like the picture that emerges.

Snell is a financial advisor with Edward Jones
Financial in Saratoga Springs.

Previous Article Dining Guide: January 2016
Next Article Economic Outlook 2016 – Todd Shimkus
Subscribe to Our Newsletter View the Latest Virtual Edition

Categories

  • 50-Plus
  • Banking
  • Banking / Asset Managment
  • Building Trades
  • Business Briefs
  • Business News
  • Business Registrations
  • Business Reports
  • Commercial / Residential Real Estate
  • Community Services
  • Construction
  • Construction Planning
  • Corporate Tax / Business Planning
  • Cyber / Tech
  • Dining Guide
  • Economic Development
  • Economic Outlook 2016
  • Economic Outlook 2017
  • Economic Outlook 2018
  • Economic Outlook 2019
  • Economic Outlook 2020
  • Economic Outlook 2022
  • Economic Outlook 2023
  • Economic Outlook 2024
  • Economic Outlook 2025
  • Education/ Training/ Personal Development
  • Entrepreneurial Women
  • Entrepreneurship
  • Environment / Development
  • Financial Planning / Investments
  • Fitness / Nutrition
  • Health / Community Services
  • Health & Fitness
  • Health & Wellness
  • Healthcare
  • Holiday Guide
  • Holiday Shopping
  • Home / Energy
  • Home / Insurance
  • Home & Real Esate
  • Insurance / Employee Benefits
  • Insurance / Medical Services
  • Legal / Accounting
  • Meet The Chef
  • New Businesses
  • Non-Profit
  • Office / Computer / New Media
  • Office / HR / Employment
  • Office/ Technology/ E-Commerce
  • Outlook 2021
  • Personnel Briefs
  • Retirement Planning
  • Senior Living / Retirement
  • Summer Construction
  • Uncategorized
  • Wellness
  • Women In Business
  • Workplace / Security / Legal
  • Year-End Tax Planning

Archives

  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
Show More
Connect With Us

Follow, like and subscribe to Saratoga.com on social media

Account Sign In Submit An Event
Saratoga.com logo
  • Home
  • Places To Stay
  • Things To Do
  • Food & Drink
  • Events
  • Real Estate
  • Businesses
  • Guides
  • Contact Us
  • Blogs
  • Sweepstakes
  • Advertising
Visit Saratoga.com For Everything Saratoga
Full-Service Internet Marketing: Search Engine Optimization, Website Design and Development by Mannix Marketing, Inc.
Mannix Marketing, Inc. is headquartered near Saratoga Springs in Glens Falls, New York
Saratoga.com All Rights Reserved © 2025
Disclaimer & Privacy Policy / Terms of Use / Copyright Policies
[uc-privacysettings]

We strive to insure accuracy on Saratoga.com however accuracy cannot be guaranteed. Information is subject to change.
Please alert us if there is any inaccurate information here.

Having trouble using this site? Accessibility is our goal, please contact us with site improvements.