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Wealth-Building Habits to Start the New Year Strong

Help Secure Your Financial Future and Find Peace of Mind

Building wealth is a goal for many – and one that you may be considering as the New Year dawns. In the vast majority of cases, it doesn’t happen overnight. You might think that you need an above-average income or a significant inheritance to build wealth, but in reality, the process starts with small but meaningful wealth-building habits. It takes discipline and patience to build your wealth, but the sooner you start, the sooner you can reap the benefits. With the wealth-building habits discussed below, you can find yourself on the way to greater possible financial freedom.

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Life Transition Planning: Do You Need a Financial Advisor in the New Year?

Navigating Your Wealth Through Times of Change

If there’s one thing that serves as a constant throughout our lives, it’s change. Leaving home, beginning a career, getting married, building a family, navigating career transitions, divorce, and loss of loved ones are just a few examples of events that mark periods of great adjustment. These life transitions impact us emotionally, but also financially, and it’s smart to have a trusted financial advisor by your side to help you navigate the practical financial aspects of these different phases of life. If you think the New Year will bring a time of change and evolution in your life, it might be the perfect time to begin working with a professional you trust. In this article, we’ll discuss life transition planning for five specific, common scenarios and share how a financial advisor can offer guidance.

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Four Financial Strategies for Empty Nesters

Plan for the Next Chapter with Practical Money Moves

You’ve successfully launched your adult kids out into the world – congratulations! This can be a time of mixed emotions – pride and excitement on one hand, and feelings of sadness on the other – but it’s also important to consider your financial plan for this new phase. What should your priorities be? What are your financial goals for this phase of life and how will you reach them? In the article below, we share practical empty-nester financial strategies that can help you navigate this transition and continue moving forward to clarify and accomplish your financial aspirations.

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Recognizing Solomon Dodson – Fall 2023 Alumni Panel

Recognizing Solomon Dodson for his recent participation in a Fall 2023 Alumni Panel discussion. 🌟 During this insightful session, Solomon shared his impressive industry journey since graduating from KSU SMIF.
His insights and valuable knowledge continue to be a significant asset to our organization, and we commend his unwavering commitment to sharing essential industry information.

Year-End Charitable Giving: 5 Strategies to Know

Support Your Favorite Charities While Potentially Reaping Tax Benefits

Taxes are an unfortunate fact of life. However, if you develop a strategy to reduce your total taxable income, you may see a marked decrease in the amount you owe each year – which can be a welcome outcome as we approach the holiday season and begin spending more on gifts, travel, and entertaining. If you’re hoping to reduce your taxable income this year, you might be happy to hear that you can enjoy possible tax benefits while also making a positive difference in other people’s lives. To do so, you need to select the right year-end charitable giving strategy. Read on for five such strategies that may fit your needs, both from a philanthropic standpoint and as smart tax planning.

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Small Business Tips: Exit Planning vs. Succession Planning

How Does a Small Business Owner Prepare for Life Beyond Work?

Succession planning and exit planning are two terms that many people use interchangeably. This is understandable, since both phrases are associated with business owners planning for retirement. However, the two concepts have slight differences, and the crux of those differences is what those planning strategies target. Succession planning centers on the continued financial health of a business after its owner or chief officer retires or dies. Alternatively, exit planning focuses on the wealth of a business owner who’s retiring and wants to transfer ownership or close a business down.

With all the complexities, finances, and emotions connected with retiring from a small business, it’s important for small business owners to understand how succession and exit planning differ. While some elements of the two concepts may be similar, the endgames are not. In this article, we take a closer look.

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Investor Tips: 9 Strategies that May Strengthen Your Investment Portfolio

These Methods May Help You Find Greater Investing Success

From a distance, the stock market can appear a bit unruly, intimidating beginner and veteran investors alike at times. However, that doesn’t mean it’s impossible to navigate more successfully. When you make thoughtful investment decisions and rely on sound investor tips, you may find long-term success. In this article, we’ll discuss nine tactics you may consider taking advantage of right now. These strategies were developed with a long-term view in mind. They have been helpful to many past investors, and we believe they may be relevant for the current investing landscape, too.

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Advanced Estate Planning Tools for High-Net-Worth Individuals

Strategies to Consider for Helping Secure Your Wealth and Preserving Your Legacy

Estate planning is a critical aspect of financial management for anyone who is looking to further protect their wealth and ensure their wishes are honored after death. However, the planning process becomes even more intricate for high-net-worth individuals with significant assets to plan for. Because these individuals have accumulated substantial wealth over their lifetimes, they may need advanced estate planning tools to ensure a smooth transition of their assets to the next generation while also minimizing tax liabilities and maintaining financial security.

If you’ve accumulated significant wealth and are in the process of planning your estate, below are several advanced estate planning tools tailored to the unique needs of high-net-worth individuals that may be beneficial to your planning.

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Planning for Retirement as a Couple: Tips for Success

How to Build a Harmonious Future Together

It’s exciting to consider all the possibilities retirement presents, isn’t it? You can go on new adventures, enjoy leisure time, and spend cherished moments with loved ones, too. For couples, it offers a chance to strengthen their bond, pursue shared interests, and embark on a fulfilling journey together. Like any new phase of life, however, meticulous planning will help you create more joy and meaning. In this article, we discuss considerations for planning for retirement as a couple and share strategies you can use to build a harmonious and more financially secure retirement lifestyle.

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Navigating Parent PLUS Loans: Strategies for Repayment and Retirement Planning

Tips to Balance Multiple Priorities and Help Maintain Your Future Financial Security

As college students head back to campus, college financing options are an important topic of conversation for many families, and that includes Parent PLUS loans. These loans are designed to allow parents to support their children in their pursuit of higher education, and they have become a significant financial consideration for many families. As the cost of education continues to rise, parents often shoulder a substantial portion of the financial burden. In this article, we’ll explore the intricacies of Parent PLUS loans, discuss the challenges they pose, and share strategies for repayment and long-term financial planning, including retirement considerations.

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