Tag: financial planning

Setting Financial Goals for the New Year: A Comprehensive Guide

Written by Zachary Morris, CFP® on December 30, 2024.

Start 2025 strong with our guide to setting financial goals for the New Year and learn practical wealth management tips.

The start of a new year often feels like a clean slate—a perfect opportunity to reflect, recalibrate, and set meaningful goals. While personal resolutions like exercising more or learning a new skill may top your list, prioritizing financial goals can have a transformative impact on your long-term well-being. By setting financial goals in the new year, you can create a roadmap to not only work toward financial security but also build the life you envision. Let’s explore how to approach this critical process with purpose and clarity.

Financial Planning Across Generations for Legacy and Continuity

Written by Jeff Diamond on November 18, 2024.

Discover how financial planning across generations can build a lasting legacy through aligning family values, preserving wealth, and supporting continuity.

When it comes to financial planning, a long-term perspective can be particularly meaningful. Financial planning across generations is about more than managing assets; it’s about creating a lasting legacy and ensuring continuity for loved ones. Families today increasingly recognize the importance of planning strategies that bridge generational gaps and foster financial resilience, allowing wealth, values, and goals to be passed on in ways that support continuity. Here’s how multigenerational planning can help families achieve these goals and what it entails.

How Risk Management Helps Protect Your Financial Future

Written by Jeff Diamond on October 25, 2024.

Explore how financial risk management helps protect your financial future from market fluctuations, inflation, and unexpected events.

In the world of personal finance, much of the focus tends to be on growth—whether it’s growing your savings, investments, or business. However, an equally important conversation is how to help protect that growth. After all, what’s the value in building wealth if it’s vulnerable to risks that could potentially erode it? This is where financial risk management comes into play. Whether you’re preparing for retirement, planning for a child’s education, or working toward financial stability, managing risk can play a crucial role in your long-term financial strategy.

In this article, we’ll explore how risk management strategies can help guard your wealth against unexpected events, market fluctuations, and other potential challenges. Think of it as adding a layer of protection to the financial house you’ve spent time building. While growth is often the goal, conservation strategies are also an essential aspect of planning for your financial future.

Choosing the Right Financial Advisor: 6 Frequent Pitfalls to Look Out For

Written by Zachary Morris, CFP® on September 16, 2024.

Discover the six most common mistakes people make when choosing the right financial advisor and learn how to avoid them.

Choosing the right financial advisor is one of the most important decisions you’ll make in your financial journey. The right advisor can help you build wealth, plan for the future, and help achieve your financial goals with confidence. However, selecting the wrong one can lead to costly mistakes and mismanagement of your hard-earned money. In this blog, we’ll explore some of the most common mistakes people make when choosing a financial advisor and offer tips to help you avoid these pitfalls, helping you make a decision that aligns with your financial aspirations.

Managing Healthcare Costs in Retirement: Strategies for Long-Term Health Planning

Written by Zachary Morris, CFP® on March 25, 2024.

Ready to tackle long-term care planning for your retirement? Learn some strategies to better manage healthcare costs.

Five Strategies to Help Round Out Your Retirement Planning

As retirement approaches, one of the most significant concerns for many is managing healthcare costs, especially as healthcare costs continue to rise. While this can seem like a daunting task, having an effective plan in place for these expenses can help boost your retirement strategy and make you feel more prepared. If you’re worried about your long-term care planning, below are five strategies that you may want to consider to help you manage healthcare costs.

Wealth-Building Habits to Start the New Year Strong

Written by Jeff Diamond on December 18, 2023.

It takes discipline to identify and implement wealth-building habits, but your future self may thank you.

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.

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

Written by Zachary Morris, CFP® on December 4, 2023.

A professional financial advisor can assist with life transition planning to help you settle your finances.

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.