How Does a Financial Advisor Actually Help?
In the early 1700s, Sir Isaac Newton – one of the smartest people who ever lived – got caught in a stock market frenzy. He made profits on the South Sea Bubble, then jumped back in at the peak and lost a fortune. He lamented that he could “calculate the motions of the heavenly bodies, […]
The Top 5 Risks Retirees Need to Plan For
Think of retirement planning like preparing for a cross-country road trip – there’s a lot to consider, and it’s often helpful to think about potential challenges before setting out on the journey. While everyone’s path looks different, understanding common financial speed bumps could help make the ride smoother. With factors like inflation and market volatility […]
Retirement Accounts vs. Brokerage Accounts: Which Are Better?
Planning for retirement is like mapping out a cross-country journey. You need to decide which vehicles will get you to your destination most efficiently. Should you travel in a tax-advantaged retirement account like an IRA or 401(k), or should you take the regular brokerage account route? For many travelers on the financial highway, the answer […]
The Importance of Portfolio Diversification
We’ve all had that friend, family member, or acquaintance who goes all in on a hot stock just to get burnt. With everything lost, they’re forced to rebuild from the ashes of their savings… only to do it again! Far too many people think of the stock market as just a giant casino, with promises […]
Why You Need a Financial Plan
Imagine trying to drive cross-country without a map, GPS, or even knowing your starting point. You might eventually get somewhere, but probably not where you hoped to be. That’s what handling your money without a financial plan is like. Recent data from Schwab’s 2024 Modern Wealth Survey shows only 18% of Americans feel they’re on […]
