financial planning

Financial Goal Setting for the New Year: Three Strategies

As we stand on the threshold of a new year, it’s the ideal time to reflect on the past and plan for the future. One area that often takes center stage as we make our resolutions is personal finance. By setting clear and achievable financial goals, you can begin working towards building a secure and prosperous future. Below, we’ll explore three effective strategies to help you with financial goal-setting for the new year so you can better navigate the upcoming year with confidence and purpose.

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Roth Conversion: Evaluating If It Aligns with Your Financial Goals

In the ever-changing realm of personal finance, people are continually searching for new and creative ways to enhance their retirement plans while reducing their tax obligations. One such strategy that has garnered increased attention in recent years is the Roth conversion. This financial tactic permits individuals to transform a portion or all of their pre-tax retirement savings into Roth assets, potentially yielding substantial tax advantages over time. If you’re looking for new ways to boost your retirement savings, read on for an exploration into factors that you should keep in mind when determining if a Roth conversion properly aligns with your financial goals.

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How to Donate Stock to Charity

5 Steps to Combine Your Tax Planning and Charitable Giving Goals

Are you passionate about sharing your financial resources with causes and organizations you care about? Do you find meaning in creating an impact in the world? If so, consider how you might donate stock to charity to accomplish both your charitable giving goals and smart tax planning, too.

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Five Tips to Start Building Generational Wealth for Your Family

What You Need to Know to Secure Your Family’s Financial Future

Many of the world’s wealthiest people didn’t get there on their own—they inherited their fortunes from family members who had focused on building generational wealth. With the right strategy and planning, this type of financial legacy is within your reach, too. If you make wise decisions, you can build a solid foundation for yourself, and for your future family members, too. The five tips below can help you plant a seed that can grow for years to come.

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The Disadvantages of DIY Financial Planning

Avoid Challenges and Maximize Opportunities by Using a Professional Planner

If you’re someone who takes pride in making your own way in the world, you’re likely wired to feel inspired by the idea of DIY financial planning. It might feel practical to you, or even like the thing you “should” do – crafting your own unique strategy in pursuit of your money goals. However, DIY financial planning may not allow you to take full advantage of the tools available to you – meaning you could also be missing out on another level of financial security and peace of mind.

As you consider your financial plan, be aware of the challenges below that come with choosing to go it alone rather than working with a professional financial advisor.

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life transitions

Why You Should Work with a Financial Advisor After the Death of Your Spouse

How an Advisor Can Offer You Support and Guidance During This Difficult Time

The loss of a spouse or partner is often traumatic and in the midst of the grieving it can be difficult for the surviving spouse or partner to sort through the myriad financial tasks and decisions that will impact his/her (and the family’s) future well-being.  Well-meaning family and friends can often offer conflicting advice or advice that isn’t financially appropriate.  At such a time, a surviving spouse or partner needs an objective professional who will listen patiently to his/her concerns, help to focus attention on those decisions that need to be made sooner than others and then over time help him/her obtain a holistic view of his/her financial picture while offering advice on a range of topics that will impact his/her life for the years to come.

One of the most beneficial roles of a financial professional is to offer guidance in the midst of a life-changing event. Working with the right qualified financial advisor can bring calm In the midst of a chaotic time and provide a path to make sound financial decisions that can ultimately help the surviving spouse/partner regain his/her sense of financial independence and enable a good quality of life.  Below, are a few key ways a financial advisor can be of assistance as you navigate changing finances.

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