WiserAdvisor Blog
11 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 […]
11 Min Read
21 Oct 2024
What is a Reasonable Rate of Return After Retirement?
Aiming for a high rate of return on your investments is natural, but the reality is that your actual returns will vary. While it is tough to predict the exact numbers, having a ballpark figure in mind can help you plan for your retirement more effectively. Many factors impact how much your money will grow […]
10 Min Read
15 Oct 2024
4 Reasons Why You Should Not Look for Financial Advice on Social Media
In today’s world, social media has everyone glued to their phones more than ever. It is excellent for staying in touch with your friends, catching up on the latest news, or even making some extra cash. But when it comes to managing your finances or getting financial advice, social media is not the right place […]
11 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, […]
6 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 […]
9 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 People tend to approach retirement planning based on general advice or outdated beliefs.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 […]
11 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 […]
10 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 […]
9 Min Read
02 Sep 2024
Why Trust is the Most Important Asset of a Financial Advisor
Trust is fundamental when you plan to assign a professional to manage your money and provide you with financial advice. Without trust, you will not be able to rely on them or feel confident in their financial recommendations. Therefore, you must seek out the most trusted advisor to accompany you on your financial journey. This […]
11 Min Read
22 Aug 2024
Saving vs. Investing: How They Differ and Which is Better for You
When it comes to personal finance, saving and investing are fundamental concepts that often get mixed up. While both play crucial roles in achieving various financial goals, they serve different purposes and involve different strategies. It is essential to know the distinct characteristics of saving and investing to effectively manage your finances and determine which […]
10 Min Read
16 Aug 2024
Why Retirees Should Not Stop Investing During Retirement
The rules may seem unclear when it comes to investing after retirement. As your risk appetite drops and you stop drawing a monthly salary, you may wonder if you should use your savings to invest more or stop investing altogether. Factors like inflation and the inability to cover basic needs on a limited nest egg […]
11 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, […]
10 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 […]
9 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 […]
10 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.