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 […]
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 […]
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 […]
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
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 […]
12 Min Read
14 Jul 2022
How Do Social Security Benefits Work When You Retire?
Social Security is a federal program in the United States run by the Social Security Administration (SSA). Under the program, retirement benefits and disability income are provided to qualified people including their spouses, children, and survivors. A person must be at least 62 years old and have contributed to the Social Security program for a […]
7 Min Read
13 Jun 2022
How to Lower Your Financial Advisor Expenses
Hiring an advisor earlier on in your financial planning journey can benefit you in several ways. The professional financial advice they provide you along the way can help you reach your personal and financial goals faster. The advisor can also help you create a well-diversified investment portfolio, plan your expenses and liabilities, and also help […]
12 Min Read
31 May 2022
6 Tips to Avoid Financial Fraud and Guard Your Investments
Financial frauds are more common than you think. Most often, until someone has been a victim of financial fraud, they fail to recognize the growing intensity of these crimes. However, the numbers tell a different story. According to the Federal Trade Commission (FTC), in 2021, American consumers lost over $5.8 billion because of fraud, which […]
6 Min Read
31 May 2022
7 Steps To Protect Your Retirement Assets and Income
Planning for retirement is arguably the most difficult part of financial planning. It requires you to not only grow your corpus but also find ways to protect it from external factors such as market volatility, inflation, etc. So, if you’re approaching—or have already reached—retirement, it’s critical to consider how to secure your savings and assets […]
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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.