Thanksgiving is a time for family, friends, and yes, sometimes those candid conversations around the dinner table, including finances. As you dig into the stuffing, it's the perfect setting for a little Turkey Talk about money matters. Here are five key financial topics that frequently come up during the holidays.

The Case for Long-Term Investing

Avoid the temptation to time the market. Instead, focus on sticking to a long-term plan. Staying the course through market ups and downs can lead to consistent growth over time. Remember, patience pays off!

The Power of Compound Interest

Compound interest is essentially “interest on interest.” Imagine investing $10,000 at a 7% annual return. By age 65, it could grow to over $76,000. The earlier you start, the more time your money has to grow, so consistency is key!

Benchmarks for Savings Goals

Setting savings goals can feel daunting, but aiming for 15–20% of your gross income yearly is a good start. By age 35, aim to have 1–2x your salary saved, and 10x by retirement. Consistency trumps perfection in saving strategies.

The Value of Diversification

Forget the “what’s hot to invest in now” mindset. Diversification is about spreading investments across different asset classes, sectors, and geographies. This reduces risk and supports long-term stability.

Principles of Financial Independence

Financial independence means having the freedom to choose your retirement age. Tips include living within your means, avoiding lifestyle creep, and resisting the urge to overspend on housing.

As you reflect on recent financial conversations or those you wish you had, remember that asking questions is a smart step toward better financial health. Feel free to reach out with any questions or to start a personalized planning discussion.