WiserAdvisor Blog
5 Min Read
05 May 2020
The Effect of a 529 Plan on Financial Aid
Many parents establish a 529 savings account for their children’s future higher education. However, there is a notable concern associated with it. A 529 account can have an adverse effect on a student’s eligibility for need-based federal financial aid. These implications primarily depend on two factors: Ownership of the account Distributions and withdrawals A comprehensive […]
7 Min Read
04 May 2020
Here’s How You Can Check Your Portfolio’s Risk Level
A general portfolio is a mix of equity, bonds, and cash, each with its own risk and reward trajectory. Equity or stocks are riskier and highly rewarding, while on the contrary, bonds are subject to a lesser threat but can also have lower returns. In a typical scenario, people like to believe that the higher […]
5 Min Read
29 Apr 2020
Six Gifting and Tax Strategies to Leverage Amid the Coronavirus Outbreak
The world seems to be grappling with an unprecedented crisis right now. The Coronavirus pandemic is far from what the human race has ever witnessed. While the physical and mental health effects of COVID19 have been a concern for many, the financial repercussions of the outbreak can also not be ignored. With economic growth on […]
5 Min Read
27 Apr 2020
Revisiting Your Financial Plan Amid The Global Pandemic? Here’s All You Need to Know
COVID-19 has had a massive impact on the lives of many people. The virus has disrupted every country in the world and crashed markets around the globe. As the economies go down and a bear market appears, investors have been stressfully watching the changes from the edge of their seats. But the important thing to […]
6 Min Read
24 Apr 2020
COVID-19 Pandemic: Why It Is the Best Time to Plan Your Estate and Write a Will
With a pandemic affecting the entire globe, many people have started second-guessing their decisions, investments, and strategies. The COVID-19 pandemic has also made people question the health care system and their chances of survival amidst the chaos and falling infrastructures. While a cure for the virus is being tested in labs beyond anybody’s control, the […]
5 Min Read
23 Apr 2020
Portfolio Protection Strategies to Be Successful in Bear Markets
A peak to trough drop of 20% or more in US large cap stocks is referred to as the bear market. This is a time when the prices of securities drastically fall. Although it is hard to predict a bear market and how long it can last, the 2020 bear market can be easily linked […]
6 Min Read
22 Apr 2020
The Dos and Don’ts to Protect your Investment Portfolio in a Bear Market Amid The COVID-19 Pandemic
Coronavirus has not only disrupted our daily routines and lifestyle habits, but it has also caused a severe economic downturn around the world. The stock market is crashing, share prices are at an all-time low, and people are beginning to question their investment portfolios. This can be stressful for young and old investors alike. However, […]
1 Min Read
16 Apr 2020
Protecting Your Finances During Quarantine
Many of us find ourselves thinking about financial stability on a day-to-day basis. Given the current situation and the economic uncertainty we’re now facing, this subject seems more top-of-mind than ever. While none of us knows what the future holds, we can still take advantage of this opportunity to implement new saving strategies and strong […]
5 Min Read
16 Apr 2020
6 Lessons from the Market’s Reaction to the Coronavirus Outbreak
The world may be an uncertain place to live right now. Countries all over the planet have been put under lockdown, flights are parked in airports, retail markets are shut, and schools have been forced to conduct online classes. The future is hard to predict at this time with no preventive vaccine in place. While […]
6 Min Read
15 Apr 2020
5 Essential Estate Planning Documents to Be Prepared Amid the COVID-19 Pandemic
The outbreak of the Coronavirus (COVID-19) pandemic has infused a sense of vulnerability, especially among those who have not yet planned for the distribution of their estate. An estate can consist of assets like cash, clothes, jewellery, vehicles, residential property, insurance, etc., along with accounts established for retirement, investment, and savings. The management of the […]
6 Min Read
14 Apr 2020
Hassle-Free Saving For College
Costs associated with colleges are increasing with every passing year. This makes saving for higher education a challenge. It is hard for parents to make last-minute arrangements for tuition fees, books, accommodation, etc. Many people also do not want their children to suffer under the burden of hefty education loans. Therefore, it becomes imperative to […]
6 Min Read
13 Apr 2020
Things to Know Before Co-Signing A Student Loan
Inflation and increased expenses have always been a matter of concern. With the cost of healthcare, automobile, and groceries skyrocketing, the education sector isn’t far behind, either. Higher education expenses have become quite an obstacle for parents these days. The government, however, has provided several provisions for students who wish to continue their studies. There […]
5 Min Read
10 Apr 2020
529 Plans: Not Just for Children
529 plans are designed to facilitate savings for higher education. However, it must be noted that these plans are designed not only for the benefit of children but for anyone who wants to undertake a qualified educational course. This implies that children are not the only ones benefiting from these plans. Parents can also utilize […]
6 Min Read
09 Apr 2020
Inside: Top 529 Plan Withdrawal Tips
Education is a basic need, and it is a fairly expensive one. But it is possible to effectively manage the enormous cost of college without hurting your pocket. Savings accounts such as a 529 plan can help parents incur these costs and avail significant benefits. A 529 plan is a tax-advantaged savings plan which provides […]
6 Min Read
07 Apr 2020
Roth IRA vs. 529 Plan for College Funding
Most parents want to provide the best educational opportunities to their children. It is quite disheartening if they fail to do so due to lack of funds. Thus, one of the most important reasons for parents to save is to fund their children’s college education. College funding can be a confusing task with numerous financial […]
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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.