What Does a Family Financial Planner Do?
Managing money as a family is rarely simple, especially when multiple goals and life changes collide. From saving for college to planning for retirement, financial decisions can feel overwhelming without a clear roadmap. A family financial planner can help bring structure and confidence to those choices—but understanding what they actually do is the first step.… read more…
Do Bank Accounts With Beneficiaries Go Through Probate?
When someone dies, even seemingly simple assets like bank accounts can become complicated fast. Whether those funds can get transferred to loved ones or go to probate often comes down to a few small details most people overlook. Understanding how beneficiaries, account ownership and probate rules work can help you avoid surprises while ensuring your… read more…
Who Pays Taxes on a Custodial Account
Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but they often raise tax questions. The IRS generally treats the minor as the taxpayer but special rules, such as the kiddie tax and optional parent reporting, can complicate things. A financial advisor can help you… read more…
Who Is Exempt From Paying Taxes on Lottery Winnings
Winning the lottery can create instant wealth, but it also introduces immediate tax considerations. U.S. tax law generally treats lottery prizes as taxable income at both the federal and, in many cases, state levels. Winners may qualify for certain deductions that decrease how much they owe, but full tax exemptions are relatively rare. The amount… read more…
Editor's Picks
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…
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?
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…
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
Where Millennials Are Moving – 2026 Study
Millennials now make up an estimated 36% of the workforce, making this cohort highly valuable to any local economy. With more flexibility than ever due to remote work and rapidly developing technologies, many Millennial households opt to move locations in pursuit of job opportunities, higher pay, preferable lifestyles, and family considerations, among other reasons. Locations… read more…
Where Most People Are About to Retire – 2026 Study
Many individuals aged 55 to 64 are at the peak of their earning, contributing to local taxes and sometimes with plenty of discretionary income to spare on local businesses. On average, 11.0% of the population in large cities, and an estimated 17.1% of households in this age bracket make $200,000 or more, earning the “high… read more…
Where Most People Are Single or Married – 2026 Study
One of the most important decisions in someone’s financial life and beyond can be whom they choose as a partner. On average, 40.1% of adults in large cities have found their partner, while another 42.5% have yet to make that decision and remain single. The balance may be inherently off, with an average of 107… read more…
Cities Adding the Most High-Income Households – 2026 Study
The number of high income households in a community can have a large impact on local economics. High income households – defined by the Internal Revenue Service (IRS) as those earning $200,000 or more per year – generally contribute more dollars to the local and state tax bases, and to surrounding businesses. At the same… read more…
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