Active vs. Passive Investing: Which Is Best?
Investors and advisors alike have long debated the merits of active versus passive investing. As the markets have taken a downward turn over the last year in response to rising interest rates, this age-old question has emerged again. Passive investing seeks to generate average market returns and involves hanging on to investments over a long…
Read More3 Small Moves that Make a Big Difference in Retirement
Saving for retirement doesn’t happen overnight. It’s an ongoing process that requires monitoring and tweaking your plan over many years to help ensure you have enough to meet your retirement goals. Sometimes relatively small adjustments to your plan can make a huge impact on your ability to save, such as choosing to invest in low-cost…
Read MoreMoney Resolutions For The New Year
According to Statista, the most popular new years resolutions are to exercise more and eat healthier. Those are great, but I encourage you to not leave out your finances this year. Here are a few suggestions to get you started. For starters, now is a great time to fortify your financial security. 3 in 5…
Read MoreHow Does the New RMD Rule Affect Retirees?
There’s good news for your retirement plan! Starting this year, the age at which you must start taking required minimum distributions (RMDs) from your tax-deferred retirement accounts has increased from 72 to 73 years old. In 2033, it will increase again to age 75. This new rule was passed into law by Congress at the…
Read MoreGrowth Stocks vs. Value Stocks
Stock investing is an important engine of growth in your portfolio, but deciding on an investing strategy and particular stocks can be challenging. When designing a diversified portfolio that minimizes risk, it can help to think of stocks as falling into one of two categories: growth stocks and value stocks. Both growth and value stocks…
Read More3 Major Financial Challenges of High-Net-Worth Individuals
High-net-worth individuals face unique financial challenges. Here are the three of the biggest we typically encounter. Wealth Transition You want to pass on your wealth to the people and causes of your choosing, not to the government. This requires ample preplanning with your advisors, attorneys, and insurance providers. Tax Complexities Reducing your tax bill during…
Read MoreThe Advantages of a Family Trust
Family trusts are an important tool for managing wealth across multiple generations. They can help you avoid the time-consuming and costly process of probate, keep your assets private, minimize taxes, and ensure that your wealth is distributed according to your wishes. Family trusts tend to be most appropriate for families with large estates or a…
Read More4 Questions to Help With Transitioning to Retirement
For the most part, we all share the same common fears while on our walk to retirement: Will I be okay? Will I have enough money? How will I fill my time? While there’s no crystal ball to answer these questions, we can find comfort in knowing that all transitions in life can be more…
Read MoreUpdating Your Business Plan for 2023
As we approach the holidays, many of you will be thinking about what type of person you want to be in a year’s time, what about what type of business owner you want to be? Here are 3 tips on re-evaluating your business plan for 2023. Reevaluating your supply chain 2022 saw a rise in…
Read MoreInvesting During a Bear Market
Lately, financial pundits seem to be constantly warning that a bear market is coming, arguing over whether one has begun or predicting when one will end. It’s less common for them to actually define one. From their ominous tone, you can tell it’s less appealing than its counterpart, a bull market. But what is it…
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