Comprehensive Financial Planning

In today’s financial landscape, planning, saving, and investing your money is more critical — and complex — than ever. Luckily, a money manager can help. In this blog, we look at the responsibilities of a money manager and why you might consider hiring one. Understanding Money Managers Money managers are skilled professionals who execute clients’ investment strategies and manage their portfolios. Unlike other financial professionals, such as financial advisors or brokers, money managers focus on one thing: your investments. Also called “portfolio managers” or “investment managers,” they provide a specialized service that ensures your investments align with your financial Read More

Retirement planning is like completing a complex puzzle, with each piece contributing to the bigger picture of your future financial stability. Among the most important pieces is Medicare, a critical aspect of healthcare coverage in your retirement years. Given its complexity, understanding and successfully navigating Medicare can feel intimidating. However, guided by a knowledgeable financial advisor, you can make sense of Medicare and strategically integrate it into your overall retirement plan. Here are some of the top questions you should consider asking your financial advisor to make the most of your retirement planning and to ensure you're fully prepared Read More

As the adage goes, “Knowledge is power,” and it couldn’t be more true when it comes to your finances. Financial literacy, the understanding of various personal finance concepts, is a crucial skill everyone should master. It’s your armor against financial pitfalls and your ladder to financial growth and independence. In this blog, we’ll explore some top resources that can elevate your understanding of money management, empower you to make smarter financial decisions, and ultimately lead you towards a more secure financial future. What Is Financial Literacy? Why Does It Matter? In broad terms, financial literacy refers to the financial Read More

A health savings account (HSA) is a type of savings account that allows you to set aside pre-tax money for certain medical expenses. Available to individuals with high-deductible health plans (HDHP), HSAs offer a powerful way to cover medical costs, boost your retirement savings, and lower your tax liability with their triple tax advantage. However, not all HSAs are created equal. Your provider may charge high maintenance fees or lack investment options. Even if you’ve found a great provider, you may want to switch to a new one when you change employers. Luckily, there are several ways you can Read More

Investing isn’t just for building up a retirement nest egg. It can be a reliable source of supplemental income at any point in your life. But how do you know which assets will make the most out of your money? Your income can (and generally should) come from various sources. Read on to learn about the top income investment options you should consider adding to your portfolio. Why Invest for Income? First, you might be wondering why you should invest for income in the first place. After all, you have a regular salary. Here are some of the reasons Read More

Have you reached the point where managing your finances has become overwhelming, or even ineffective? Sooner or later, many high-net-worth individuals need a trusted outside partner to look at their entire financial situation and offer specific guidance on how to grow, manage, and preserve it. If that sounds like you, it may be time to use wealth management advisory services. Here’s what you need to know before you get started. What Is Wealth Management? Wealth management involves working with a wealth advisor to manage and grow your wealth. Typically a good fit for affluent investors, wealth management goes beyond Read More

Whether you want to buy a house, fund your child’s education, or build up a large retirement nest egg, you likely have a financial goal (or a few) in mind. The question is, how do you get there? Here, we look at why financial planning is essential to achieving your personal and financial goals and how working with a financial advisor can help. Why Financial Planning Matters Sure, you could simply put away some savings, contribute to your retirement plan, and hope for the best, but this isn’t the best avenue toward reaching your financial goals. Instead, you need Read More

Wealth management: The process of holistically reviewing your financial situation and implementing strategies that help grow your wealth. It seems straightforward in concept, but what does it entail? Here, we look at various components of a comprehensive wealth management strategy — and related questions that often come up. Investment Management How much of your income should you invest? What percentage should you put toward stocks versus bonds? How do you know when to sell? These questions arise whether you’re a seasoned investor or just starting out, and your answers will change and evolve. While some investors choose to tackle Read More

Save, invest, and keep debt to a minimum: You likely already know these pillars of personal financial management. But do you have a complete financial plan? A financial plan does more than just help you pay the bills. It’s a comprehensive road map designed to help you achieve your short- and long-term goals. Get started creating your financial plan by following these key steps. #1 Find a Trusted Financial Planner Sure, some people have the knowledge and determination to execute their financial plan, but DIY approaches aren’t for everyone. Most people find extreme value in working with a certified Read More