Open Enrollment—Are you leaving money on the table?
Each fall, millions of workers face important decisions about their health, vision, and dental insurance options during Open Enrollment. Navigating these choices can be confusing, and misunderstandings about policies often lead to missed or underutilized benefits. As we approach this critical period in October, it’s crucial to understand your options to maximize protection and minimize […]
7 Keys to Navigating Market Volatility
Market volatility can be unsettling, especially when you see your investments fluctuating day by day. However, staying calm and sticking to a well-thought-out strategy can help you navigate these turbulent times effectively. Here are some key steps to consider when dealing with market volatility: Don’t Forget History Market downturns are a natural part of the […]
Having the “Money Talk” with Aging Parents
Discussing finances with aging parents is never easy. As a result, many families simply delay these conversations or avoid them altogether. This can lead to unexpected financial surprises, misunderstandings, and even conflicts down the road. By talking openly about money, you ensure both their future and yours are secure, prevent potential disputes, and help in […]
Are You Following the Financial Herd?
Herd mentality is the tendency to follow the actions of a larger group, even when those actions might not be in one’s best interest. When it comes to finances, herd mentality can have significant implications for your investments and retirement planning. The first step to avoiding this common bias is understanding its prevalence. Second, is […]
Investing 101: Compound Interest
Compound interest might sound complex, but it’s actually based on a very simple principle: earning interest on your interest. Here’s a clear and simplified way of understanding this important concept. Imagine you save some money, let’s say $100, which grows at 10% annually. At the end of the first year, you earn 10% interest on […]
Why Your College Student May Need a Healthcare Proxy
When it’s time to send our children to college, there’s a lot to think about—securing financial aid, moving their stuff, finding them a place to live. It’s easy to see how you might overlook their health. Once your child turns 18, they have the right to medical privacy. That means if they’re incapacitated and hospitalized, […]
Why Financial Teams?
When it comes to financial advice, the benefits of working with a team rather than an individual advisor become increasingly clear as your financial needs grow more complex. A team can offer a range of insights and perspectives, bringing a more comprehensive approach to managing your finances. There are a wide variety of teams out […]
How Your Financial Professional Can Help You Save for Your Children’s Education
When clients consult a financial professional, one of their most common goals is to put their children through college. They have questions on everything from how they should save to when they should start saving. By tailoring your savings strategy to your specific situation—income, number of children, timeframe of their education, and risk tolerance—you can […]
Keep Politics Out of Your Portfolio
In our current environment, where political news comes from every direction, it’s important to remember the importance of impartiality in your portfolio. There is a certain allure of aligning your portfolio with your political beliefs, but the lessons of history underscore the significance of maintaining a clear boundary between the two. Here are a few […]
What to Do Before the Tax Cuts and Jobs Act Provisions Sunset
As the 2024 election approaches, the question on everyone’s mind is who will ultimately control the White House and Congress. These are important questions, but the reality is that regardless of the election outcome, one thing is certain: tax policy will inevitably change when the Trump-era Tax Cuts and Jobs Act (TCJA) of 2017 expires […]
