Here are 20 important financial terms that people should know: Asset: Anything of value that is owned by an individual or a business. Liability: Any debt or obligation that an individual or a business owes. Budget: A plan for managing income and expenses over a certain period of time. Credit score: A numerical representation of […]

What is the 4% rule? The 4% rule is a common guideline in retirement planning that helps individuals determine how much they can safely withdraw from their retirement savings each year without depleting their funds too quickly. The rule is based on the idea that retirees can withdraw approximately 4% of their initial retirement portfolio