As a client, how do you know that your financial advisor has your best interests in mind? Getting the best financial advice is challenging and firms and advisors attempt to differentiate themselves as fiduciaries. This article is about what a fiduciary financial advisor is, the difference between fiduciary and suitability standards and what you should focus on as a client while planning your financial future.
Taxes can be frustrating, and tax planning can be challenging. The Senate approved a bipartisan, $1 trillion infrastructure bill. Now comes the hard part as it goes to the House of Representatives who have proposed a separate $3.5 trillion in new social spending and tax hikes. Read more to learn why these bills are important and possible actions investors can take related to tax planning.
It’s important to have fun, travel and leisure for balance. This article is about the importance of building travel and leisure activities into your planning and supplies interesting trends in personal and business travel.
Gray divorce is a term used for people ages 50 and older going through separation and divorce. However, divorce at any age can present financial issues and challenges but can be especially disadvantaged when their financial future becomes less secure. Though the challenges associated with divorce are never something anyone wants to plan for, read more to see what you should consider and how you can prepare yourself beforehand.
Do you remember when the Post Office introduced Forever Stamps in 2007? They’re a non-denominated postage stamp used to mail first-class letters regardless of the current postal rate. Since 2007, the postage rate has increased on an average of 2.5% annually, almost seven times higher than it was fifty years ago. This is a basic illustration of inflation - a very hot topic right now. Read more to understand why it matters and how it may factor in your financial planning and investment decisions.
July is a good time for a financial checkup as it marks the halfway point of the year. Are you on track? It is helpful to have an optimistic view for the future. However, it is also prudent to be balanced. Life isn't meant to be easy and she has a way of surprising us. Here are four areas to check in on to make sure you stay on track.
President Biden recently unveiled the American Families and American Jobs Plan proposing that the government spend nearly $2 trillion on infrastructure and another $1.8 trillion on social programs which would be funded y tax hikes on the wealthy. Read more for a summary of some of the major tax proposals, their impact on you and the planning considerations you should review.
Even before COVID-19 and the ensuing recession, women faced unique challenges in savings and retirement planning. While a financial advisor can't single-handely reverse economic and social disruptions, prudent advice can help you navigate like's challenges and the next crisis du jour. Read more to see how you can address key issues an have greater confidence in money matters.
If you're looking to buy a home, should you wait with the hope of a price drop or should you jump in because prices are going higher and pickings are slim? It's virtually a seller's market throughout the country and trends in the rise of residential real estate have several planning implications. Read more how you can be prepared and try to make the right decision for your financial future.
I used to think that 10,000 Baby Boomers turning 65 years old every day until 2030 was astounding. However, that rate is only going to increase with subsequent generations and policymakers will need to address issues unique to the aging of America. But we've for to individually do our share to prepare for retirement, live life on our own terms and not be a burden to others as we age. Here are three potential challenges that you and your loved ones could face.