WiserAdvisor Blog
11 Min Read
13 Jun 2023
5 Bad Habits That Can Sink Your Retirement Goals
Retirement planning focuses on the steps you need to take to achieve your desired retired life, such as saving and investing wisely, creating a budget, and considering your healthcare needs. However, it is also essential to be aware of the potential pitfalls and things to avoid during the retirement planning process. Overlooking mistakes or bad […]
10 Min Read
06 Jun 2023
Estate Planning Strategies For High-Net-Worth Individuals
High-net-worth individuals who possess a significant number and value of assets and complex financial portfolios may find it hard to manage their finances. However, given the high value of wealth, it becomes all the more critical for high-net-worth individuals to plan their finances optimally. Estate planning is one of the key components of financial planning […]
7 Min Read
02 Jun 2023
What are the Different Types of Financial Advisors?
While there are various types of finance professionals who offer financial advice and services falling under the general financial advisor category, it should be noted that they differ significantly. These advisors vary in terms of their areas of expertise and the specific types of financial services they provide, and tailor their advice to their client’s […]
10 Min Read
31 May 2023
The Pros And Cons Of A SIMPLE IRA Versus A 401(k) Plan
While both SIMPLE IRA and 401(k) plans serve the common goal of providing individuals with an opportunity to save for retirement, they differ in certain aspects that can significantly impact employers and employees. The SIMPLE IRA allows small businesses to offer retirement benefits to their employees without imposing excessive administrative burdens. With lower contribution limits […]
11 Min Read
26 May 2023
How to Determine Your Investment Risk Tolerance Level
Investment and risk are two closely related concepts. Risk refers to the potential for loss or negative returns when you invest your money in a market-linked security. There are different types of risks, including market, credit, inflation, and liquidity risk, among others. While no investment is entirely devoid of risk, and there is always some […]
11 Min Read
16 May 2023
The Link Between Financial Stress and Mental Health
The connection between financial stress and mental health has become a growing concern, especially in recent times. With the uncertain economic climate affecting several industries, there is an increasing worry about rising inflation rates and the possibility of a recession. The loss of jobs, higher costs of essential goods, and the burden of debt can […]
12 Min Read
11 May 2023
8 Ways to Pass on an Inheritance
Estate and inheritance planning offers the opportunity to create a lasting legacy while also ensuring the financial security of your heirs. However, passing on an inheritance can be complex and requires careful consideration to ensure that the wishes of the deceased are met, while also ensuring the interests of beneficiaries are protected. Although a will […]
11 Min Read
03 May 2023
How Your Health Should Factor Into Your Financial Planning
The age-old saying that health is wealth may, in fact, be true. Health and financial planning must go hand in hand to ensure you always have enough savings to tackle the unexpected. Most people might not immediately realize the link between health and wealth. But your health and finances are more closely linked than you […]
11 Min Read
25 Apr 2023
How Often Should You Rebalance Your 401(k)?
When investing in a 401(k), one of the most important decisions you can make is how often to rebalance your portfolio. Many people invest in their company-sponsored 401(k)s but only sometimes take the time to review the investments within the account. Rebalancing involves adjusting the mix of assets in your 401(k) portfolio to maintain a […]
12 Min Read
12 Apr 2023
Key Differences Between a Roth IRA and Pre-Tax Retirement Account
When planning for retirement, one of the most important decisions you will likely make is which type of retirement account to use. The Roth Individual Retirement Account (IRA) and the pre-tax retirement account are two common options. Both these accounts can offer tax benefits and the chance to accumulate sufficient savings for your retirement. But […]
10 Min Read
30 Mar 2023
What is Goal-Based Investing?
With the several investment strategies available to us, choosing one that suits your unique investment objectives can be confusing. A goal-based investing approach is one such strategy. It stands out as it focuses directly on your goals, determining the amount of money you need to achieve your financial goals, and then developing an investment plan […]
11 Min Read
22 Mar 2023
What is Roth 401(k) Matching, And How Does It Work?
Many employers offer retirement plans to help employees prepare for the future. One of these options is a Roth 401(k) plan, which allows employees to contribute after-tax dollars toward their retirement savings. According to recent 2021 data, 95% of employers offered some form of contribution to employees, either matching or non-matching. Of these employers, around […]
4 Min Read
16 Mar 2023
How To Use BrokerCheck To Evaluate A Financial Advisor’s Credentials
Table of ContentsWhat is BrokerCheck?What Information Does FINRA BrokerCheck Provide?BrokerCheck provides the following:Use the step-by-step guide below to begin using BrokerCheck to evaluate financial professionals:Steps-by-Step Guide To Using BrokerCheck1. Go to the FINRA BrokerCheck Website:2. Input the Broker’s Information3. Review The Report4. View Report Summary5. Download or Share Report What is BrokerCheck? BrokerCheck is a […]
11 Min Read
09 Mar 2023
Things to Consider When Deciding Between A Roth or Traditional Retirement Accounts
As of September 30, 2022, there were approximately $6.3 trillion in assets in 401(k) plans in the country. These assets represented the cumulative value of nearly 625,000 plans with 60 million active participants, among many former employees and retirees. The Individual Retirement Account (IRA) is an equally popular investment vehicle. An estimated 37% of households […]
10 Min Read
02 Mar 2023
How to invest 1 million dollars in the current market
Investing an amount as big as a million dollars can be a big decision. As the world continues to recover from the pandemic and economies stabilize, the investment landscape is evolving rapidly. It is important to consider your personal financial goals and needs before making any financial decision about such a large sum of money. […]
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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.