Entering Midlife

What better time than the start of a new year to craft your financial future. Working with a CFP® professional provides direction in several areas of personal finance, including budgeting, investments, insurance and tax planning.

It’s important to note that when tax-loss harvesting, the replacement investments have a lower basis and, if sold, will recognize the gain deferred from the sale when first harvesting the loss. That said, a good strategy may be to hold these positions in one’s portfolio for as long as possible and consider it a core holding, held long-term.

Recent events have accelerated discussion around estate planning and end-of-life preferences. But we don’t need to wait for a world event to review our estate plans – personal life events matter, too.

This rule suggests that retirees can withdraw 4% of their retirement savings every year for the duration of their retirement. However, as economic landscapes and life expectancies evolve, the original 4% rule is increasingly being considered outdated and in need of a revamp.

The beginning of the holiday season is a great time to sit down with a financial advisor to go over your spending and finances. Having someone organize your finances and then make appropriate recommendations will enable you to be smarter and more efficient with your money.

A CFP® professional – a financial advisor who has earned CFP® certification – can assist you in many areas of financial planning, providing holistic advice and behavioral coaching. CFP® professionals work on all the elements of comprehensive financial planning.

With unpaid leave as many people’s only option, families must scramble for cash to cover their expenses while away from work. While leave is vital at this crucial time of the family's development, in the U.S. unpaid parental leave is too expensive for most families to afford.

Did you know that nearly 80% of Millennials and Gen Zers have turned to social media for financial advice? It's not surprising when you consider that a whopping 69% of those surveyed by Forbes Advisor encounter financial advice on social media at least once a week. For 1 in 4, it's a daily occurrence. In the age of information overload, navigating financial advice on social media can be tricky. With countless influencers and self-proclaimed experts vying for your attention, it's crucial to approach online financial guidance with a discerning eye.

Starting a business can be fraught with pitfalls but also laden with financial opportunities. Entrepreneurs exchange the financial security of salaried employment for the adventure of growing a business. During the early stages of starting a business, the focus is on simply making the business viable. Once that is secure, a business owner has a menu of flexible options to choose from for a successful financial future. Here are five financial planning options to consider if you’re an entrepreneur or self-employed.

More than three-quarters of adults over the age of 90 receive caregiving due to mental or physical limitations. Caregiving has a major impact on our economy — in 2021, family caregivers' unpaid contributions had an estimated value of roughly $600 billion. If you anticipate becoming a full-time caregiver to one of your family members, whether due to disability, illness, or aging, it is imperative that you plan ahead for the expenses. Here are three things you must consider before you become a full-time caregiver.