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Retirement

The 5 Worst Retirement Mistakes to Avoid at All Costs

To do retirement right you need a disciplined savings plan, a good understanding of Social Security, a sound investment strategy and a vision of retirement that provides for adequate self-fulfillment without overspending your fixed-income budget. Behind those simple principles lies… read more…

A financial advisor working with a couple in their 20s.
Financial Advisor

5 Reasons to Get a Financial Advisor in Your 20s

Why You Should Get a Financial Advisor in Your 20s Financial planning is a crucial aspect of life, irrespective of one’s age or economic status. It necessitates making educated decisions about your finances to effectively pursue your life ambitions. For many, this process might seem quite difficult to figure out. This is where the role… read more…

Financial Advisor

7 Major Financial Checkpoints: How Do You Stack Up?

When it comes to financial plans, your assets, cash flows and debts all influence the path toward your goals. While talking to a financial advisor can help you establish a comprehensive plan to reach your goals, you can use basic rules of thumb to gauge your current financial position. 1. Housing Ratio (Monthly housing costs)/(Monthly… read more…

Retirement

We’re 62 and Have $1.6 Million in Our 401(k)s. Should We Pivot to Roth Contributions?

By your early 60s, you’ll likely be paying close attention to your finances and retirement savings. This may include making crucial decisions on investment structure, risk tolerance, income needs and tax planning, among the many other moving parts of your financial life. A financial advisor can help you plan and save for retirement. Find a… read more…

Editor's Picks

CFA vs. CFP: Which Is Right for You?
Financial Advisor

CFA vs. CFP: Which Do You Need?

Chartered financial analyst (CFA) and certified financial planner (CFP) are common certifications for individuals working in finance, namely financial advisors. These are designed to tell a client (or employer) that the holder has received education in certain types of financial… read more…

Wealth Management Firm
Investing

5 Tips for Choosing a Wealth Management Firm

Wealth management firms are all different, with their own specializations and services. As a result, the process for choosing a wealth manager is a very personal one. Wealth managers work closely together with their clients to identify financial goals and… read more…

What Is a Fee-Only Financial Planner?
Financial Advisor

What Is a Fee-Only Financial Planner?

If a financial planner, financial advisor or another type of financial professional is fee-only, that means they receive compensation solely from the fees clients pay for their services. They do not earn commissions for recommending certain products. A fee-only structure… read more…

Investment Property
Mortgage

Why First Homes Could Be Investment Properties

If you’re young and looking to purchase a new home to live in, you may want to consider turning it into an investment property. While most people wait until after they’ve bought their first or second home to begin investing in… read more…

Data Articles and Studies

Data Studies

Voter Turnout Trends in Last Election Cycle: Will 2024 See Continued Patterns?

As 15 states hold Democratic and Republican primaries on March 5, Super Tuesday, the number of people who vote and the candidates they select will offer key insight into the November 5th presidential election. Residents of California, Texas, North Carolina, Virginia, Massachusetts, Tennessee, Colorado, Minnesota, Alabama, Oklahoma, Arkansas, Utah, Maine and Alaska will determine the… read more…

Data Studies

Make $250k? Here’s How Where You Live Impacts Its Value – 2024 Study

As your income goes up, so will your tax rates. In 2024, a $250,000 income eeks a single tax filer into the 35% federal income tax bracket. On top of that, you may need to factor in state and city taxes. And, depending on where you live, the cost of living could also take a… read more…

Data Studies

Cities Where Income Inequality Is Highest and Lowest – 2024 Study

On average, the uppermost 80% of households earn more than four and half times what the bottom 20% earns. For example, in one city, the highest-earning households may average $140k annually or higher – compared to a $30k income earned by the bottom fifth of residents. This income inequality can divide local communities by creating… read more…

Data Studies

What $100K Is Worth in the Largest U.S. Cities – 2024 Study

With taxes, housing, food and other costs varying widely across the U.S., a $100,000 income can look drastically different depending on where you live. Even places that don’t charge residents a state or local income tax can see a wide range for how far a dollar stretches thanks to cost of living differences. Because of… read more…

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