{"id":32029,"date":"2019-06-13T16:21:36","date_gmt":"2019-06-13T20:21:36","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=32029"},"modified":"2019-06-14T08:33:39","modified_gmt":"2019-06-14T12:33:39","slug":"business-report-tools-great-for-fathers-day-and-investors","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/","title":{"rendered":"Business Report: Tools Great For Father\u2019s Day And Investors"},"content":{"rendered":"<figure id=\"attachment_32030\" aria-describedby=\"caption-attachment-32030\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-32030\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/06\/ed-jones-column-murray-c-200x300.jpg\" alt=\"\" width=\"200\" height=\"300\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/06\/ed-jones-column-murray-c-200x300.jpg 200w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/06\/ed-jones-column-murray-c.jpg 444w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-32030\" class=\"wp-caption-text\">Meghan Murray is a financial advisor with Edward Jones Financial in Queensbury.<\/figcaption><\/figure>\n<p>By Meghan Murray<br \/>\nIf you\u2019re a dad, you may well be pleased to unwrap some tools as Father\u2019s Day gifts. Of course, it might be a stereotype that all men are handy at repairs; women certainly can be every bit as good when it comes to building and fixing things.<br \/>\nIn fact, the construction process is valuable for anyone to learn \u2013 and the same skills that go in to creating and mending physical objects also can be applied to financial projects \u2013 such as working toward a comfortable retirement.<br \/>\nHere are a few of those skills:<br \/>\nDiagnosing the challenge.<br \/>\nA good craftsperson knows that the first step toward accomplishing any outcome is to assess the challenge. So, for example, if you want to build some bookshelves right into the wall, you\u2019ll need to locate the wall studs, determine if you have adequate space for the shelving you want and allow room for future expansion. <!--more--><br \/>\nSimilarly, if you want to retire at a certain age, you need to consider the key variables: your current and future income (How much can you count on from your retirement plans?), where you\u2019ll live (Will you downsize or relocate? Will you rent or own a house or condominium?) And what you\u2019ll do as a retiree (Will you travel extensively or stick close to home? Will you do some type of work for pay or pursue your hobbies and volunteer?).<br \/>\nAssembling the right tools and<br \/>\nmaterials.<br \/>\nTo put together your bookshelf, you will need the right tools\u2014saw, hammer, drill, sander and so on\u2014and the right building materials \u2014plywood, nails, screws, glue, brackets, moldings and so on. And to work toward a comfortable retirement, you\u2019ll also need the right tool\u2014in the form of a long-term financial strategy, based on your specific retirement goals, risk tolerance and time horizon\u2014along with the appropriate materials\u2014the mix of investments you use to carry out that strategy.<br \/>\nThese investments include those you\u2019ve placed in your IRA, your 401(k) or other employer-sponsored retirement plan, and those held outside your formal retirement accounts. Ideally, you want a diversified mix of investments capable of providing growth potential over time, within the context of your individual risk tolerance.<br \/>\nReview your work.<br \/>\nOnce you\u2019ve finished your bookshelf, you occasionally may need to make some minor adjustments or repairs in response to slippage, cracks or other issues that can develop over time. As an investor, you also may need to tweak your financial strategy periodically and adjust your investment mix\u2014not necessarily because something is broken, but to accommodate changes in your life, such as a new job, new family situation and new goals.<br \/>\nFurthermore, over time, your risk tolerance may change, and this needs to be reflected in your array of investments..<br \/>\nConsequently, conducting an annual portfolio review with your financial professional should be a priority.<br \/>\nTools are a big deal on Father\u2019s Day. But the construction-related tasks they represent, physically and symbolically, go beyond any one holiday and can be used by anyone interested in working toward a solid financial future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Meghan Murray If you\u2019re a dad, you may well be pleased to unwrap some tools as Father\u2019s Day gifts. Of course, it might be a stereotype that all men are handy at repairs; women certainly can be every bit as good when it comes to building and fixing things. In fact, the construction process [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":32030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Business Report: Tools Great For Father\u2019s Day And Investors - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Business Report: Tools Great For Father\u2019s Day And Investors - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Meghan Murray If you\u2019re a dad, you may well be pleased to unwrap some tools as Father\u2019s Day gifts. Of course, it might be a stereotype that all men are handy at repairs; women certainly can be every bit as good when it comes to building and fixing things. In fact, the construction process [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Glens Falls Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2019-06-13T20:21:36+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-06-14T12:33:39+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/06\/ed-jones-column-murray-c.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"444\" \/>\r\n\t<meta property=\"og:image:height\" content=\"666\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"jessewinters\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jessewinters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/\",\"name\":\"Business Report: Tools Great For Father\u2019s Day And Investors - Glens Falls Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\"},\"datePublished\":\"2019-06-13T20:21:36+00:00\",\"dateModified\":\"2019-06-14T12:33:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Report: Tools Great For Father\u2019s Day And Investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\",\"name\":\"Glens Falls Business Journal\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\",\"name\":\"jessewinters\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b496e0843f9d888b12500994b6a8562b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b496e0843f9d888b12500994b6a8562b?s=96&d=mm&r=g\",\"caption\":\"jessewinters\"},\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/author\/jessewinters\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Report: Tools Great For Father\u2019s Day And Investors - Glens Falls Business Journal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/06\/business-report-tools-great-for-fathers-day-and-investors\/","og_locale":"en_US","og_type":"article","og_title":"Business Report: Tools Great For Father\u2019s Day And Investors - Glens Falls Business Journal","og_description":"By Meghan Murray If you\u2019re a dad, you may well be pleased to unwrap some tools as Father\u2019s Day gifts. 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