Author: WiserAdvisor Insights
A team of dedicated writers, editors and finance specialists sharing their insights, expertise and industry knowledge to help individuals live their best financial life and reach their personal financial goals. We believe that there is no place for fear in anyone's financial future and that each individual should have easy access to credible financial advice.
10 min read
13 Jan 2025
How to Incorporate 529 Plans into Your Estate Plan?
A 529 plan is a savings tool that is typically used to save for a child or grandchild’s education expenses. Apart from parents and grandparents, other individuals like uncles, aunts, etc., can also use it. These plans offer tax-free growth and tax-exempt withdrawals when used for qualified education expenses, which makes them an attractive option […]
10 min read
08 Jan 2025
Year-End and Holiday Money Mistakes to Avoid
The holiday season can be a tricky time for your wallet. With your friends and family around, it is easy to get swept up in the moment and spend more than you intended. Between buying gifts, hosting dinners, indulging in treats, and decorating your home, your expenses can quickly snowball into a hefty post-holiday bill. […]
7 min read
07 Jan 2025
How 529 Plans Help Manage Costs and Maximize Education Savings
The cost of higher education in the United States has been steadily increasing. This places a significant financial burden on students and their families. In the 2024-25 academic year, the average tuition for full-time in-state students at public four-year institutions rose to $11,610, marking a $300 increase from the previous year, a 2.7% rise before […]
9 min read
05 Dec 2024
Key Components of Financial Planning for High-Net-Worth Individuals and Families
The global population of High-Net-Worth Individuals (HNWIs), defined as those with at least $1 million, has increased all over the world, with significant growth driven by the U.S. In fact, there are now more than 5.5 million Americans with liquid investable assets of over $1 million, a 62% increase over the past decade, far surpassing […]
9 min read
03 Dec 2024
Retiring Soon: How do I Structure My $1 Million Portfolio at Age 65?
Retiring is a big milestone. If you are 65 and have built a $1 million portfolio, you have a solid foundation. But you will need to rely on that portfolio for two more years before your full Social Security benefits can start. So, you should make sure that your savings are working as hard as […]
8 min read
19 Nov 2024
Estate Planning Checklist for Pre- and Post-Death Planning
Estate planning refers to the management and distribution of an individual’s assets in the event of their incapacitation or death. It goes beyond just writing a will; it includes a variety of legal tools that help ensure your wishes are respected, minimize tax burdens, and provide a clear path for your loved ones to follow […]
11 min read
12 Nov 2024
The 6 Key Strategies for Managing Investment Risks
A high-risk investment strategy may bring you the prospect of high returns, but it also comes with more volatility and a fair share of stress. Without the right safeguards, these risks can threaten your peace of mind and potentially lead to portfolio losses. That is why it is crucial to have the right strategies in […]
12 min read
08 Nov 2024
How to Invest $1 Million in Passive Retirement Income
Is a million dollars enough to retire? It can be, but what you do with that money is just as important as having it. With inflation constantly rising and the possibility of a 25 to 30-year retirement, $1 million may not stretch as far as you would hope. That is why it is crucial to […]
9 min read
06 Nov 2024
The Next Steps After Hiring a Financial Planner for Your Future
Hiring a financial advisor is a big step, but your work does not end there. Setting the right tone is essential from day one. It is important to stay involved and take certain steps from the start to get the most out of your association. This way, you can be well on your way to […]
9 min read
29 Oct 2024
What Lies Ahead for the Markets and Economy After the Fed Rate Cut?
The Federal Reserve recently announced a cut to its benchmark interest rate, setting it at a target range between 4.75% and 5.00%. This half-point cut, or 50 basis points, is more aggressive than the typical 25 basis points that are usually expected during the rate-hiking cycle. The Fed’s decision to opt for such a high […]
10 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 […]
10 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, […]
5 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 […]
8 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 […]
10 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 […]
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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.