WiserAdvisor Blog
9 Min Read
21 Nov 2022
The Importance of a Certified Financial Planner (CFP) for Your Financial Planning
When working professionals cross over into their 30s and 40s, they often begin to receive advice from friends, family, and even strangers on the best ways to save and invest their money. However, these inputs tend to be based on an experiential understanding of tactics that have personally worked for them. What’s tricky about financial […]
9 Min Read
07 Nov 2022
New 2023 Tax Brackets and Deductions
The federal income tax is levied by the U.S. government on the income earned by individuals. It is a mandatory tax that you pay to the government every year. Evading tax is a serious legal offense punishable by law. Therefore, it is important to stay up to date with the changing tax laws, rates, and […]
11 Min Read
04 Nov 2022
Is Financial Planning Different for Dual-Income Families?
The more, the merrier is the general consensus in most financial matters. The higher your income, the better lifestyle you can afford. Living in a household with two or more incomes is a great advantage. Your expenses get divided, your debts are lessened, and your assets are increased. In addition to this, you can save […]
6 Min Read
19 Oct 2022
Do I qualify for a tax credit for contributing to my IRA?
Individual Retirement Account (IRA) contributions play a vital role when it comes to retirement savings. They not only help you build a significant retirement corpus but also allow you to avail tax benefits. Once you invest in an IRA, you may be able to take a retirement savings contribution credit based on the amount you […]
11 Min Read
11 Oct 2022
Does Your Financial Plan Account for Higher Taxes?
Most people start financial planning with the goal of growing their finances through savings and investments. But financial planning is not limited to increasing your wealth alone. It is also about reducing your cash output. Essential expenses, impulse purchases, interest rate payments, etc., can increase your cash outflow and reduce your savings. While these can […]
6 Min Read
06 Oct 2022
How the 80/20 Rule Affects Your Long-Term Investments
Pareto’s principle, better known as the 80/20 rule, asserts that 80% of the results can be achieved with 20% of the effort. When applied to investing, many folks may come to the same conclusion that 80% of their returns are generated from only 20% of their asset allocations. That said, one cannot say that this […]
12 Min Read
04 Oct 2022
10 Expenses to Include in Your Retirement Budget
Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. Given the complexity and magnitude of things necessary for a comfortable retirement, starting planning from a young age is also essential. However, the main drawback to […]
11 Min Read
22 Sep 2022
6 Steps You Can Take To Invest Safely
Investing can help you grow your net worth and achieve financial goals that may seem unattainable on a salary. The income you earn is only one part of your financial status. How you use this income to invest in the market decides your overall financial standing to a large extent. Most people are not rich […]
11 Min Read
14 Sep 2022
5 Reasons to Start Retirement Planning Early
The average retirement age in America is 63. This may seem like many years in the future if you are in your 20s. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. It can take several years to understand your future needs […]
8 Min Read
01 Sep 2022
Why You Should Continue Meeting With Your Financial Advisor
If you are thinking about why you should continue meeting with your financial advisor, you have already taken a big step toward securing your financial future – you have engaged the services of a professional. Now, how often you need to meet with your advisor depends on the degree of help needed by you. If […]
9 Min Read
26 Aug 2022
DIY Money Management vs. Hiring a Professional For Your Financial Needs
When it comes to money management, there are a lot of different schools of thought. Some people believe it’s best to do everything independently, while others think it’s always worth hiring a professional. So, which is the right approach for you? There are a few things to consider when making this decision. First, do you […]
9 Min Read
18 Aug 2022
Bottom-Up vs. Top-Down Investing: Differences and Benefits Explained
The world of investing can be quite overwhelming for newcomers. Not only do you have to keep track of various factors such as market trends, price movements, the economy (both local and international), past returns, and more, but you also have to match those with your own time horizon and risk appetite. All of the […]
9 Min Read
08 Aug 2022
4 Financial Concerns High-Net-Worth Individuals Face
Financial planning for high-net-worth individuals can be a bit more complicated than the rest. High-net-worth individuals have a net worth of $1 million or above. Ultra and very high-net-worth individuals may also have assets valued at more than $5 million and $30 million. Moreover, these high-net-worth values are not calculated on physical assets but on liquid […]
11 Min Read
03 Aug 2022
Prohibited Transaction Rules and Investments in IRAs
Individual Retirement Accounts (IRAs) are one of the most popular investment vehicles in the United States. They are tax-advantaged retirement savings accounts that offer tax-deferred growth and allow you to lower your tax bill either in the present or the future. You can invest in a wide range of investments, from stocks and bonds to […]
9 Min Read
29 Jul 2022
Can You Have a 401(k) and a Roth IRA?
401(k)s and Roth IRAs are some of the most commonly used retirement accounts. Some opt for a 401(k) account simply because it comes with the advantage of getting an employer match, while some go for a Roth IRA account to be able to make tax-free withdrawals in retirement. Both Roth IRA and 401(k) accounts come […]
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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.