As you plan for retirement, one source of income you might rely on is Social Security. Social Security has been a cornerstone of retirement income for millions of Americans. Still, demographic shifts, political debates, and funding concerns have led to questions about the program’s longevity and the level of benefits it will provide in the…
Details
A quarterback leading their team on the field is much like a financial advisor guiding a client on their financial journey—both require strategy, precision, and the ability to adapt to changing circumstances. Every financial decision—whether it’s investing, planning for retirement, or managing taxes—is critical to bringing you closer to reaching your long-term goals, just as…
Details
An inheritance has the potential to significantly impact your financial future. This sudden influx of wealth can be life-changing and overwhelming—knowing how to manage it wisely and make the most of the opportunity it presents is critical.
Details
Fee-Only vs. Commission-Based Advisors: Why it Matters How your financial advisor is paid can tell you a lot about whether their financial interests are well-aligned with yours. To help you make an informed choice, here’s a quick comparison of the three ways in which advisors may be paid: fee-only, commission-based, and fee-based. Fee-Only Advisors Fee-only…
Details
What is a Fee-Only Financial Advisor? How your financial advisor is paid can tell you a lot about whether his or her financial interests are well-aligned with yours. A fee-only financial advisor is compensated solely by client fees, unlike commission-based advisors who earn income through product sales or fee-based advisors who may be compensated by…
Details
How Today’s Women are Taking Charge of their Financial Well-Being The concept of women and money has undergone significant transformations over the years. Many female baby boomers, who often filled traditional roles in child-rearing and household management, found themselves financially dependent on their spouses. Comfortable taking a backseat in managing the family’s financial affairs, many…
Details
We are in the midst of graduation season. While I do not have a graduate this year, I have been reading and listening to commencement addresses; renowned speakers offering insight to students as they get ready to embark on the next phase of their journey, be it college, graduate school or entering the workforce. I cannot help…
Details
For many, social security income, in conjunction with pension income and investment portfolio withdrawals, is relied upon to meet cash needs in retirement. For several years now, there has been concern that the social security system may not provide the benefits that many workers are counting on. First, for some background: Social Security is a pay-as-you-go program. This…
Details
If you follow the financial news, the term fiduciary has come up repeatedly over the last several weeks, primarily due to the Department of Labor announcing a rule mandating that financial advisors put client’s best interests first when making recommendations for retirement plan rollovers to IRAs and annuities. There are many who oppose this rule; primarily advisors who…
Details
When seeking a financial advisor, you might come across recommendations from friends, podcasts, or online forums to look for a NAPFA advisor. But what exactly does NAPFA mean and why are its advisors highly regarded?
Details