When it comes to investing, avoiding costly mistakes is essential for building long-term financial security and achieving your financial goals. Investment errors can not only erode wealth but also set you back years in your financial journey. Here are some common pitfalls to avoid. Lacking a clear financial plan It
Starting in 2025, retirement savers in their early 60s will have an exciting new opportunity to boost their savings. Thanks to the Secure Act 2.0, individuals aged 60 to 63 will be eligible for increased catch-up contributionsâwhatâs now being called the âsuperâ catch-up contribution. This change aims to help older
As an advisor with over a decade of experience, there is one mistake that I have seen happen over and over again, and that in my mind is an easy remedy â having an Exit Plan. One of the most crucial steps in this journey is the development and implementation
If you are nearing retirement, odds are you have thought a lot about how to get the most out of Social Security. You may have even thought about you or your spouse taking Social Security Benefits earlier than your Full Retirement Age (FRA). Below are some thoughts on how that
PAYING YOUR KIDS AS A BUSINESS OWNER Paying your children may be one of the most underutilized tax strategies of small businesses owners. Yes, you can hire your children to work for you, and youâre able to pay them a legitimate wage. There are multiple planning opportunities that become available
In an engaging piece by David Booth, the founder and chair of Dimensional Fund Advisors, a critical question is raised – can artificial intelligence (AI) help pick stocks? With the advent of technology capable of processing vast amounts of data, many might be inclined to say yes. However, Booth offers
In Todayâs world, a world without pensions and worries about the future of Medicare and Social Security, saving for your retirement is a critical part of financial planning, and for many people, a 401(k) plan is a large component of that plan. A 401(k) plan allows individuals to save money
A Stop-loss order is an order type used by stock-traders and is often promoted as s way to protect wealth. This order is typically set about 8â12% below the current market price and will trigger a stock sale if the position trades at or below the stated price. As stocks
When it comes to setting up a retirement savings plan for your small business, you will be faced with numerous different plan type options that you could implement. As the owner of the business, you must decide between these options to determine the best retirement plan for your specific business.
We all remember the 2008 financial crisis and recession, as millions of people lost their jobs, homes, and ways of life. While a lot of factors contributed to this economic disaster, one term can cover nearly all of them: systemic risk. Let’s look at what systemic risk is and how