Teaching kids to be financially savvy is a critical life skill. Money affects quality of life, relationships, marriages, children and what you can do for others. Remember, the more money you have, the more you can give to others and do good in the world!
There’s a significant number of people out there who are financially savvy. And it’s understandable some of those individuals don’t think it’s worth it to hire a financial advisor. But there are a myriad of reasons why those people (and of course the less financially sophisticated folks) should hire a financial advisor.
Although the term fiduciary has been around for a very long time, most have not heard of it until recently. Despite the enhanced visibility of the term, many people still aren’t entirely clear about its definition, let alone how the term impacts their own financial situation or choosing a financial advisor.
The goal is to not pay more taxes than you have to. It starts with you understanding how retirement income is taxed. Put together a strategy before retirement that will put you in the best position to minimize your taxes.
What is the best way for you to save for your child’s education? Learn about the different college savings alternatives to understand what is available to you.
Intergenerational Financial Planning is a strategy that aims to integrate financial planning among generations. It’s where grandparents, parents, and children work together to maximize overall family wealth.
When looking at who’s who in the financial industry, it can be confusing. There are numerous job names, but it’s hard to know the differences among them. Read the article to learn more.
Comprehensive financial planning involves the detailed review and analysis of all facets of your financial situation. It is only through comprehensive analysis that your true financial condition can be determined and the proper plan can be recommended.
Investors are always looking for ways to diversify their portfolio. To do this, they often look to various types of funds that can provide this diversification without having to buy individual securities. Mutual funds or exchange traded funds (ETFs) are two of your options.
Asset allocation is an investment strategy that attempts to balance risk versus reward. It aims to do this by adjusting the percentage of each asset in the investment portfolio according to the investor’s risk tolerance, goals and time frame.
If you’d like to increase the likelihood of following through and achieving your carefully analyzed and planned financial goals, then you should create a written financial plan!
A 401(k) retirement plan is an employer-sponsored retirement savings program that enables employees to save for retirement by making pre-tax contributions. A 401(k) is the dominant retirement plan scheme that most people in the U.S. will use to provide a decent income once they retire.