Author: WiserAdvisor Insights
A team of dedicated writers, editors and finance specialists sharing their insights, expertise and industry knowledge to help individuals live their best financial life and reach their personal financial goals. We believe that there is no place for fear in anyone's financial future and that each individual should have easy access to credible financial advice.
10 min read
14 Nov 2024
Fee vs. Commission-Based Financial Advisors: What’s the Difference?
The compensation model is one of the most important things to consider when hiring a financial advisor. After all, your relationship with your advisor can span many years. A financial advisor can significantly impact your financial future and help you avoid potential pitfalls. However, if you end up paying too much for their services, it […]
11 min read
12 Nov 2024
The 6 Key Strategies for Managing Investment Risks
A high-risk investment strategy may bring you the prospect of high returns, but it also comes with more volatility and a fair share of stress. Without the right safeguards, these risks can threaten your peace of mind and potentially lead to portfolio losses. That is why it is crucial to have the right strategies in […]
12 min read
08 Nov 2024
How to Invest $1 Million in Passive Retirement Income
Is a million dollars enough to retire? It can be, but what you do with that money is just as important as having it. With inflation constantly rising and the possibility of a 25 to 30-year retirement, $1 million may not stretch as far as you would hope. That is why it is crucial to […]
9 min read
06 Nov 2024
The Next Steps After Hiring a Financial Planner for Your Future
Hiring a financial advisor is a big step, but your work does not end there. Setting the right tone is essential from day one. It is important to stay involved and take certain steps from the start to get the most out of your association. This way, you can be well on your way to […]
9 min read
29 Oct 2024
What Lies Ahead for the Markets and Economy After the Fed Rate Cut?
The Federal Reserve recently announced a cut to its benchmark interest rate, setting it at a target range between 4.75% and 5.00%. This half-point cut, or 50 basis points, is more aggressive than the typical 25 basis points that are usually expected during the rate-hiking cycle. The Fed’s decision to opt for such a high […]
10 min read
25 Oct 2024
Why is Goal Setting Important for Financial Planning?
Just like in life, setting a goal is crucial in financial planning. You have a clear target to work toward when you set a goal. Without a goal, it can feel like you are aimlessly moving without any direction. Financial planning goals help you focus on your short-, mid-, and long-term needs. They cut through […]
10 min read
30 Sep 2024
Financial Advisors for Military Personnel
The reasons for joining the armed forces may vary. From the need for adventure to patriotism, the army offers it all. While jobs in the military are like no other, the financial needs of service members and veterans are more or less similar to those of civilians. Life in the military can be unpredictable. So, […]
5 min read
27 Sep 2024
5 Things Wealthy People Do to Stay Rich
Wealth maintenance goes beyond just earning a high income. It involves a strategic approach to managing, preserving, and growing assets over time. High-net-worth individuals understand that accumulating wealth is only part of the equation; the real challenge lies in sustaining and increasing it. To achieve this, they follow a set of disciplined financial practices that […]
8 min read
19 Sep 2024
Common Assumptions That May Negatively Impact Your Retirement Plan
Planning for retirement is one of the most critical financial decisions a person can make, yet it’s often riddled with assumptions that can be dangerously misleading. People tend to approach retirement planning based on general advice or outdated beliefs. Some common misconceptions include they’ll spend less in retirement or that Social Security will cover most […]
10 min read
10 Sep 2024
Is Your Portfolio Primed for the 2024 Elections?
The stock market reacts to many external factors, with politics being a major one. Presidential elections, in particular, can have a wide-reaching impact on the market and, in turn, your investment portfolio. Historically, the S&P 500 has averaged a 7% gain during U.S. presidential election years since 1952. There have been 18 presidential elections in […]
9 min read
09 Sep 2024
How to Secure a Comfortable Retirement Without a Pension Through Proper Planning
Defined-benefit plans, often referred to as pension plans, are retirement benefits provided by employers. These benefits are typically calculated using factors such as the number of years you have worked for the employer, your salary, and other similar criteria. While these plans are most commonly offered to state and local government employees, some private-sector workers […]
10 min read
09 Aug 2024
529 Plan Rule Changes for 2024 and Their Impact on Your Retirement Planning
The 529 plan is a popular investment vehicle designed for individuals, including parents, grandparents, and others, to save for educational expenses. This tax-advantaged account allows for tax-deferred growth and tax-free withdrawals when used for qualified education costs, such as tuition and other related expenses. Sponsored and run by 50 states and the District of Columbia, […]
9 min read
02 Aug 2024
How to Transfer Excess 529 Plan Funds to Roth IRAs
The 529 plan is a popular choice for saving for education expenses. Parents and grandparents can use this to support their children’s educational aspirations. These tax-advantaged accounts make it easier to save for future educational costs. However, the future is uncertain, and there is no guarantee that your child will attend the college you planned […]
8 min read
01 Aug 2024
9 Steps to Take If You Are Uncertain About Your Investments
Investing can often feel like navigating a stormy sea, especially during volatile markets. Many investors experience feelings of uncertainty and anxiety about their financial futures. This anxiety often leads to panic selling or rushed decisions which compromize investment returns. Even when markets are stable, a lack of proper understanding of the market or the absence […]
9 min read
22 Jul 2024
5 Signs You Need Professional Advice from a Financial Advisor
Nearly 57% of people in the US do not have a financial advisor. Working without professional financial guidance can expose you to significant risks. Hiring a financial advisor is essential unless you have the professional expertise to manage your money effectively. If you are unsure whether you need one, it is crucial to recognize the […]
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The blog articles on this website are provided for general educational and informational purposes only, and no content included is intended to be used as financial or legal advice. A professional financial advisor should be consulted prior to making any investment decisions. Each person’s financial situation is unique, and your advisor would be able to provide you with the financial information and advice related to your financial situation.