One of the top questions I receive as a financial advisor is, “What exactly do you do and how can you help someone like me?” If you’ve ever wondered the same thing, you’re not alone. The answer I give when I meet new people is this: Financial advisors are committed to helping individuals and families set and reach their financial goals. Advisors provide value beyond investment strategies and financial advice; they are there to help clients feel more financially confident for the expected and unexpected moments of life. Here are some specific ways you can benefit from this professional relationship: Personalized...

The 2024 presidential election is quickly approaching, and investors may be wondering if and how the outcome will impact the stock market and underlying investments. While every campaign cycle comes with its unique set of circumstances, we can turn to history as an indicator of how markets typically act in an election year. Here are a few trends investors should keep in mind. Historic trends in election years. In general, market volatility trends higher early in an election year as candidates are being finalized and then again as the election nears, as investors react to the ebbs and flows of...

Risk tolerance can play a large part in determining the structure and composition of an individual’s investments and financial plan. As an investor, it’s important to know your risk tolerance for investments and be aware of circumstances that may affect it. Evaluating your risk tolerance regularly can help ensure your portfolio mix is still aligned with your current situation and future goals. Here are five considerations to make when assessing your risk profile: Understand how risk tolerance can affect a portfolio. Investors with conservative profiles are often individuals who have shorter...

If you’re like most investors, you’ve noticed the impact of higher inflation in recent years – whether at the gas pump or the grocery store. American investors are experiencing the effects of prolonged inflation for the first time since the early 1980s. As a result, many are concerned about how inflation levels will impact their ability to reach their long-term financial goals. While it may not be possible to avoid the effects of inflation altogether, there are several strategies investors can utilize to mitigate the impact of inflation on their financial plan. Here are three investment considerations...

As an investor, one way you can enhance your long-term retirement security is to fully leverage the potential of tax-advantaged retirement savings vehicles. Each year, the IRS releases new guidelines on the amount of money you can contribute to these accounts. New contribution limits in 2024 allow you to save even more this year through plans such as 401(k)s, 403(b)s and IRAs. Changes to workplace savings limits Contribution limits for workplace retirement accounts have been raised by $500 for the year 2024. In 2024, the IRS allows pre-tax employee contributions to 401(k) or 403(b) plans of: $23,000...

The changing calendar presents an opportunity to reflect, adjust and begin again in the direction of your goals. Consider completing this checklist to ensure your financial outlook is as bright as it can be in the New Year. Review income and expenses. Has your income changed over the past year? Did you experience any unexpected expenses? Inflation has made an impact on most households; look back to identify where your bank balance was most affected. If your spending has strayed from past financial goals, the New Year is a good time to reset and start fresh. Tally subscriptions and end non-essential...

Life insurance is an important part of a well-rounded financial plan. While it can be an emotionally difficult topic to contemplate, life insurance provides a degree of protection for loved ones in the event of a death. Most adults who have dependents who rely on them should have life insurance coverage. The challenge is determining what amount of coverage is right for you. If you already have life insurance in place, is it sufficient to meet your family’s unique needs? Here are five questions you can ask yourself to help assess the types and levels of life insurance you should have in place...