That’s a question that Phil Watson, a private wealth advisor with Ameriprise Financial, asks his clients. His point? If — or when — the unexpected happens, you need a plan in place. “Cars do break ...

Key Takeaways Liquid assets—such as cash, stocks, and brokerage accounts you can tap immediately—create flexibility that other assets can't match.Growing your income matters more than pinching every ...

A high liquid net worth gives you a greater degree of freedom, since your assets are within your reach instead of being tied up in your business, home, or some other investment vehicle. And if that ...

An asset constitutes anything that holds monetary value, whether current or future, to a person or organization. Businesses, governments and non-profits all own assets. So do many people. An asset is ...

As savings and investments expand, financial planning needs to evolve, shifting from basic budgeting toward strategies designed to manage complexity.

Discover what an asset-conversion loan is, its advantages, and disadvantages, and how businesses effectively utilize this ...

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...