WiserAdvisor Blog
4 Min Read
16 Jun 2021
What’s So Special About a Roth IRA?
Even though Roth Individual Retirement Accounts (IRAs) have been around since 1998, many investors aren’t aware of all the differences between traditional and Roth IRAs. Thus, they aren’t sure which IRA is the better alternative for them. As a summary, the unique features of a Roth IRA include: Single taxpayers with adjusted gross income (AGI) […]
3 Min Read
15 Jun 2021
Are Defined-Benefit Plans Extinct?
Defined-benefit pension plans have been on a steady decline for the last couple of decades, while defined-contribution plans, such as 401(k) plans, have increased dramatically. In fact, defined benefit plans have declined from 148,096 plans in 1980 to 56,045 in 1998 (the last year data is available), while participation in defined-contribution plans has tripled during […]
11 Min Read
10 Jun 2021
Important Factors to Consider While Planning for Your Child’s College Education
Like all other parents, you would want your child to have a good education and a successful future. For this purpose, you work hard, juggle family schedules, make time for their homework, and do so much more, only to prepare them to take advantage of different life opportunities. The most important foundation of a secure […]
10 Min Read
02 Jun 2021
Financial Planning: Goal Planning and Asset Allocation
You cannot leave your financial health to chance. A financially secure life requires you to create a strategically optimised financial plan that aligns with your goals. Identifying your investment goal to create a sound financial plan helps you to reach your objective faster and in a more disciplined manner. Several studies have found how using […]
11 Min Read
01 Jun 2021
Can You Trust Robo-Advisors to Create a Solid Diversification Strategy?
Among the trending digital transformation concepts, robo-advisors have emerged as one of the strongest phenomena. By providing easy access and execution to investors, and a low-cost way of combining passive and active portfolio management, robo-advisors are transforming the asset management industry. As per Statista, the assets under management (AUM) in the robo-advisor sphere are likely […]
9 Min Read
31 May 2021
Common Challenges Faced in High-Net-Worth Estate Planning
The typical notion of succeeding in life is by earning more money. Most people spend their entire lives chasing after money-making opportunities, working hard, saving and investing to amass a bigger corpus. Whether it is school or college, the end goal is normally to land up in a high paying job and be rich. Money […]
10 Min Read
14 May 2021
Important Principles to Incorporate in Your Investment Strategy
Investments can be a stepping stone to wealth. With the right investment strategy, you can grow your wealth significantly and be financially secure for life. However, investing is not all that simple. Investing strategies can vary based on your risk appetite, your capacity to invest, your personal and professional financial goals, and your family’s needs. […]
9 Min Read
12 May 2021
8 Problems That Could Be Solved by Index Investing
When it comes to investing, there are many different approaches. However, no matter the approach you follow, the one thing that is always recommended is to ensure proper diversification. Diversification, in the right measure, can control and reduce risk and volatility. When you put your money in different types of investment instruments, you have a […]
9 Min Read
04 May 2021
How Do Financial Advisors Track and Monitor Your Financial Goals
A financial advisor can help you achieve your financial goals, such as saving for retirement, planning a child’s future education costs, purchasing a home, achieving financial freedom, and more. Financial advisors can be a guide in your financial journey, slowly enabling you to meet all your goals. With years of experience and relevant education, these […]
11 Min Read
28 Apr 2021
How is Estate Planning Connected With Succession Planning
Accumulating wealth and building a business can take years of rigorous hard work. Hence, taking concrete steps to safeguard your wealth and business from the changing times, evolving laws, and the notions and conflicts of future generations, is imperative. Over the years, the importance of estate and succession planning has come to the forefront. According […]
11 Min Read
26 Apr 2021
How to Minimize Risk in Your Retirement Plan
Retirement planning can be an intricate process in all aspects. The place where you settle after retirement, the amount of money you would need in your retirement corpus, the impact of taxes on your retirement savings, and more, are some concerns that are likely to be on your mind when you plan for retirement. Considering […]
8 Min Read
23 Apr 2021
Reasons Why You Cannot Afford to Ignore Tax-Efficient Investing
Taxes have always been a sore component of any savings or investment plans. High taxes can erode your earnings, and lead to disappointments at the time of maturity. Tax also plays a crucial role in your decision to invest or save in a particular investment tool. In fact, taxes and earnings go hand in hand, […]
8 Min Read
19 Apr 2021
What Is an Investment Policy Statement (IPS) and How Do You Write One?
It helps to have everything in writing. Having a clear plan of action is one of the fundamentals of having a successful outcome. With a plan of action and an accurate view of your financial goals and expectations, not only do you ensure that you stay steady along the way, but you also keep financial […]
10 Min Read
07 Apr 2021
10 Strategies for Preserving Your Wealth
2008 brought to the world the worst financial disaster since the great depression of 1929. People lost their jobs, investments tanked, the value of real estate dropped, and financial anxiety was at its peak. The aftermath of the financial crisis of 2008 was equally alarming. There were approximately 8.8 million jobs lost in total with […]
10 Min Read
26 Mar 2021
How Impulse Spending Can Get Your Financial Planning off Track
Impulse spending is something that a lot of people struggle with. If you scan your home, you are bound to find many unnecessary items that you no longer use and had impulsively bought at some point in your life. As per a survey conducted by Slickdeals in April 2020, an average American spends approximately $182.98 […]
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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.