WiserAdvisor Blog
9 Min Read
25 May 2022
What is Tax-Loss Harvesting and Why is it Important?
Tax-loss harvesting refers to a strategy wherein you can sell securities at a loss to offset your capital gains tax due on the sale of profitable securities. In other words, you can sell your investment at a loss to lower your tax liability. Tax-loss harvesting can also be used to lower your overall net profit […]
12 Min Read
23 May 2022
Financial Milestones to Aim for by Each Decade of Your Life
It can be overwhelming to compare your financial progress with others and be bound by a timeline. But it can also offer you a roadmap for the future and give you something to aspire for. Financial milestones are targets that you aim to achieve by a certain age or stage in your life. For instance, buying a […]
8 Min Read
17 May 2022
5 Ways You Can Maximize Your 401(k) Retirement Account
A 401(k) plan is an employer-sponsored retirement savings plan wherein employees can make pre-tax contributions to reduce their taxable income in the present, but must pay tax at the time of making a withdrawal. It is one of America’s most popular tax-deferred retirement accounts wherein employers may match employee contributions. There are two kinds of […]
13 Min Read
13 May 2022
Pros and Cons of a Roth IRA Conversion
If you have been planning for your retirement, you may have come across several types of savings and investment accounts. The two most popularly used include the 401(k) and the Individual Retirement Account (IRA). For decades, retirees have relied on these to save for their future expenses. While the 401(k) is a company-sponsored plan that […]
9 Min Read
09 May 2022
Financial Planning for Professional Athletes
It is a common misconception that wealthy individuals cannot possibly have any financial problems. But on the contrary, UHNIs, HNWIs, or wealthy individuals have to deal with several legal and financial complications due to their large net value and possibly multiple income sources. Celebrities, actors, politicians, musicians, and even athletes may be earning millions of […]
8 Min Read
04 May 2022
9 Mistakes to Avoid While Making a Large Portfolio Withdrawal
The common investor has innumerable investment and retirement options to choose from. With growing awareness of planning finances, more individuals are now concerned about how to spend, plan and save every penny. However, even when individuals successfully save and execute their plans, they have little to no idea on how to deal with a large […]
10 Min Read
15 Apr 2022
What are the Tax Brackets and Federal Income Tax Rates for the 2021-2022 Tax Years?
Income tax has always been a challenge to deal with financially as it eats into your capital gains and profits and makes your earnings less valuable. However, every law-abiding citizen has to pay tax no matter if they belong to the working class, have a high-net-worth, an investor, or an inheritor or beneficiary of an […]
12 Min Read
13 Apr 2022
Fee-Based vs. Fee-Only Financial Advisors – Which Advisor Is Right for You?
The term financial advisor has different connotations for different people. For most people, a financial advisor is a professional who helps you make the right investment decision, aiming to maximize returns and minimize risk. Even though offering investment advice is part of a financial advisor’s job, it is not the whole picture. Typically, a financial […]
12 Min Read
31 Mar 2022
How Can A Financial Advisor Help You Manage Your Finances?
Each one of us has certain goals that we wish to achieve. From buying a home to getting married, saving for your child’s education to paying off your debt, lowering your tax burden to building a large retirement corpus, or more. To do all of these things and more, you need a carefully crafted financial […]
13 Min Read
16 Mar 2022
What Is the First Step in Financial Planning?
Financial planning is essential for achieving one’s financial goals. It is a step-by-step approach wherein you create a financial plan to control your income, expenses, and investments to better manage your finances. However, not everyone has a financial plan. According to reports, many workers live on the paycheck to paycheck model, and nearly half of […]
10 Min Read
07 Mar 2022
How to Invest in ETFs
Diversification can be a great area to focus on when investing. Diversification refers to keeping a basket of investments like stocks, bonds, real estate, gold, currencies, derivatives, and more. This reduces risk and offers you better exposure to the market. It is also essential to diversify inside these categories by investing in different companies and […]
10 Min Read
28 Feb 2022
Is $1 Million Dollars Enough for Retirement?
In the past, having a nest egg of $1 million was thought to be a financial goal to aspire for when it came to measuring retirement planning success. It was deemed to be a sufficient amount that you could live on comfortably and leave a legacy for your heirs. For some, this still may be […]
11 Min Read
24 Feb 2022
How to Find a Financial Advisor
Financial advisors are professionals who have years of experience and professional knowledge to identify market opportunities and help you save and invest for your financial future. If you’re currently looking to manage and grow your finances and are unsure of how to start, reach out to a financial advisor who can help you with suitable investment strategies […]
13 Min Read
31 Jan 2022
What is a Roth IRA?
Retirement planning is an essential task that must be undertaken by you as soon as you begin your career and should ideally start saving for retirement, regardless of the nature of your job or your income. The money you save for your retirement will help support you during your non-working years and allow you to […]
10 Min Read
27 Jan 2022
Questions to Ask Your Financial Advisor
Searching for a financial advisor can be challenging. You may feel overwhelmed in trying to get the decision right, since the advisor you choose will be in charge of helping you grow and manage your finances. It is recommended that you find an advisor who you can trust to communicate consistently with you, one who […]
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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.