WiserAdvisor Blog
10 Min Read
16 Dec 2024
Are You Putting Your Money at Risk Without Seeking Professional Advice?
When managing your finances, the stakes can feel high, and the decisions you make today can echo long into the future. Hiring a financial advisor is a widely suggested strategy to avoid making financial planning mistakes. However, when it comes to deciding to hire a financial planner, many find themselves at a crossroads. Should I […]
10 Min Read
05 Dec 2024
Key Components of Financial Planning for High-Net-Worth Individuals and Families
The global population of High-Net-Worth Individuals (HNWIs), defined as those with at least $1 million, has increased all over the world, with significant growth driven by the U.S. In fact, there are now more than 5.5 million Americans with liquid investable assets of over $1 million, a 62% increase over the past decade, far surpassing […]
10 Min Read
03 Dec 2024
Retiring Soon: How do I Structure My $1 Million Portfolio at Age 65?
Retiring is a big milestone. If you are 65 and have built a $1 million portfolio, you have a solid foundation. But you will need to rely on that portfolio for two more years before your full Social Security benefits can start. So, you should make sure that your savings are working as hard as […]
9 Min Read
19 Nov 2024
Estate Planning Checklist for Pre- and Post-Death Planning
Estate planning refers to the management and distribution of an individual’s assets in the event of their incapacitation or death. It goes beyond just writing a will; it includes a variety of legal tools that help ensure your wishes are respected, minimize tax burdens, and provide a clear path for your loved ones to follow […]
12 Min Read
12 Nov 2024
The 6 Key Strategies for Managing Investment Risks
A high-risk investment strategy may bring you the prospect of high returns, but it also comes with more volatility and a fair share of stress. Without the right safeguards, these risks can threaten your peace of mind and potentially lead to portfolio losses. That is why it is crucial to have the right strategies in […]
13 Min Read
08 Nov 2024
How to Invest $1 Million in Passive Retirement Income
Is a million dollars enough to retire? It can be, but what you do with that money is just as important as having it. With inflation constantly rising and the possibility of a 25 to 30-year retirement, $1 million may not stretch as far as you would hope. That is why it is crucial to […]
10 Min Read
06 Nov 2024
The Next Steps After Hiring a Financial Planner for Your Future
Hiring a financial advisor is a big step, but your work does not end there. Setting the right tone is essential from day one. It is important to stay involved and take certain steps from the start to get the most out of your association. This way, you can be well on your way to […]
10 Min Read
29 Oct 2024
What Lies Ahead for the Markets and Economy After the Fed Rate Cut?
The Federal Reserve recently announced a cut to its benchmark interest rate, setting it at a target range between 4.75% and 5.00%. This half-point cut, or 50 basis points, is more aggressive than the typical 25 basis points that are usually expected during the rate-hiking cycle. The Fed’s decision to opt for such a high […]
11 Min Read
25 Oct 2024
Why is Goal Setting Important for Financial Planning?
Just like in life, setting a goal is crucial in financial planning. You have a clear target to work toward when you set a goal. Without a goal, it can feel like you are aimlessly moving without any direction. Financial planning goals help you focus on your short-, mid-, and long-term needs. They cut through […]
11 Min Read
21 Oct 2024
What is a Reasonable Rate of Return After Retirement?
Aiming for a high rate of return on your investments is natural, but the reality is that your actual returns will vary. While it is tough to predict the exact numbers, having a ballpark figure in mind can help you plan for your retirement more effectively. Many factors impact how much your money will grow […]
10 Min Read
15 Oct 2024
4 Reasons Why You Should Not Look for Financial Advice on Social Media
In today’s world, social media has everyone glued to their phones more than ever. It is excellent for staying in touch with your friends, catching up on the latest news, or even making some extra cash. But when it comes to managing your finances or getting financial advice, social media is not the right place […]
11 Min Read
30 Sep 2024
Financial Advisors for Military Personnel
The reasons for joining the armed forces may vary. From the need for adventure to patriotism, the army offers it all. While jobs in the military are like no other, the financial needs of service members and veterans are more or less similar to those of civilians. Life in the military can be unpredictable. So, […]
6 Min Read
27 Sep 2024
5 Things Wealthy People Do to Stay Rich
Wealth maintenance goes beyond just earning a high income. It involves a strategic approach to managing, preserving, and growing assets over time. High-net-worth individuals understand that accumulating wealth is only part of the equation; the real challenge lies in sustaining and increasing it. To achieve this, they follow a set of disciplined financial practices that […]
9 Min Read
19 Sep 2024
Common Assumptions That May Negatively Impact Your Retirement Plan
Planning for retirement is one of the most critical financial decisions a person can make, yet it’s often riddled with assumptions that can be dangerously misleading. People tend to approach retirement planning based on general advice or outdated beliefs. Some common misconceptions include they’ll spend less in retirement or that Social Security will cover most […]
11 Min Read
10 Sep 2024
Is Your Portfolio Primed for the 2024 Elections?
The stock market reacts to many external factors, with politics being a major one. Presidential elections, in particular, can have a wide-reaching impact on the market and, in turn, your investment portfolio. Historically, the S&P 500 has averaged a 7% gain during U.S. presidential election years since 1952. There have been 18 presidential elections in […]
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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.