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Trading vs. Investing: Which One Fits Your Personality and Risk Tolerance?
Both trading and investing involve purchasing financial assets for the purpose of growing the value of those investments and either earning a profit through a sale, the accumulation of interest, or dividends paid out.
Read MoreCaring For Your Family Members While Preparing For Retirement
The newest generation of upcoming retirees is facing a more unique and prominent dilemma than past generations have experienced: caring for family members at the same time they’re preparing for retirement.
Read MoreHow to Plan for a Healthy Retirement
Planning for retirement often involves focusing on your finances and ensuring that you not only will have enough to sustain you during your retirement but adequate funds to do the things you enjoy doing.
Read More8 Financial Wellness Tips to Help Manage Generational Wealth
Asset management and financial wellness can help develop long-term confidence when wealth transfers from generation to generation. Understanding and implementing financial wellness techniques is essential for effectively sharing wealth.
Read More5 Financial Bad Habits to Cut This Year
When it comes to financial bad habits, the most common are also well known — don’t spend too much, don’t take on unsustainable debt, and avoid living paycheck to paycheck.
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Ringing in the New Year in Your Golden Years
Whether you are just entering your golden years or are already several years in, setting goals to stay on track and maintain your health, happiness, and finances is essential.
Read MoreLPL Financial Research Outlook 2024: A Turning Point
In 2024, LPL Research believes markets will make a definitive turn to a more recognizable place. En route, the transition will be marked by meaningful shifts in a few key areas. Inflation is going down.
Read MoreTrusts and Year-End Planning: A Checklist
A trust is a legal vehicle that protects your assets that contains instructions for your assets when you die or become incapacitated.
Read MoreHow Estate Planning Can Help Prepare for Long Term Care
The cost of long-term care can vary widely based on location (both city and state) and level of care needed. However, one thing is for certain: with 7 in every 10 people requiring long-term care at some point.
Read MoreFinding Focus with Financial Planning: A Step-By-Step Guide
You have probably heard about financial planning and its potential benefits, but you are unsure how to apply the principles to your life. A financial plan is a collection of steps that help you to evaluate your financial condition.
Read MoreTraditional vs. Hybrid Long-Term Care Insurance: Which is Appropriate for You?
Growing old is simply one thing you can’t avoid. The goal is to enjoy your retirement years as you imagined after a lifetime of working. One aspect of growing old that young people may overlook is long-term care insurance.
Read MoreWhat You Need to Know about Life Insurance
Did you know about 50 percent of Americans do not have life insurance? Part of the problem is a lack of clarity: 31 percent of people who need it but aren’t covered say it’s because they don’t know what to get.
Read MoreTips to Navigate Tax Filing Season and the IRS
Be proactive and follow these steps to ensure accuracy and compliance. Tax filing season can be a stressful time for many individuals. Dealing with the IRS and ensuring compliance with tax regulations can seem daunting.
Read MoreA 529 Plan is a Powerful Tool to Save for College
Tax benefits, flexible contribution options and potential investment growth. For many families, there’s a sense of excitement and anticipation that fills the air as high school seniors prepare to embark on their next journey: college.
Read MoreA Guide to Certificate of Deposit Investments
Music CDs may have fallen in popularity, but another type of CD is here to stay—certificates of deposit. These investments allow you to do something fun with your money.
Read MoreSECURE 2.0 Offers New Options for 529 Plans and Student Loan Payments
In December 2022, Congress passed the SECURE 2.0 Act. It introduced two new rules relating to 529 plans and student debt that will take effect in 2024.
Read MoreLPL Financial Research Midyear Outlook 2023: The Path Toward Stability
Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change. It’s a theme...
Read MoreQuotes from Warren Buffett & Charles Munger
Warren Buffett and Charles Munger are two iconic figures in the world of investing and business. Known for their wisdom, long-term perspective, and successful track record. Here are some recent quotes!
Read MoreSECURE 2.0 Helps Small Employers Help Their Employees
Congress passed legislation to help small business owners with retirement; designed to improve the nation's retirement-planning health. Here is a brief look at some of the perks, changes, and incentives.
Read MoreWhy Financial Literacy is Crucial for Business Owners
Everyone needs some level of financial literacy, however, financial literacy becomes even more crucial when you're a business owner. Here are some concepts that financial literacy encompasses and why having financial literacy is crucial.
Read MoreA Tough Times Survival Guide for Small Businesses
Small businesses may often find themselves struggling, and there are many situations in which business owners may find themselves weathering a storm and hoping to make it through.
Read More6 Tips for Reducing Social Security Taxes
Determining how your income impacts Social Security (SS) taxes is important for tax planning.
Read MoreThe Principles of Financial Literacy
Financial literacy starts by building a basic understanding of 'money matters' to create a sense of economic well-being, self-trust, and financial confidence.
Read More8 Things Financial Planning Can Help You Address
Financial planning is unique for each person; no two plans look the same because everyone's life and goals are different. Regardless of your goals, financial planning can help you work towards achieving them.
Read More2023 Tax Tables
We've created this handy Quick View Tax Guide to help you prepare for your 2023 tax filing. As always, if you have any questions, please don't hesitate to reach out.
Read MoreThe Importance of Financial Wellness
Financial wellness, like physical wellness, isn’t something you should ignore. Instead, it's a critical concept for anyone who wants to be knowledgeable and confident about their finances, and in fact, financial wellness is so...
Read More10 Tips to Develop Financial Wellness This Year
Financial wellness is essential to being financially secure and meeting your goals. Here are ten tips to help you develop financial wellness this year.
Read MoreTop 5 (Almost Guaranteed) Predictions for 2023
In the spirit of making predictions that will actually come true, our financial advisors share the Top 5 for 2023 – delivered in order of certainty.
Read More4 Ways to Keep Your New Year's Resolutions on Track
Making resolutions is a great way to set goals for the upcoming year and gauge where to focus. Staying on track may be difficult. If you've struggled before with keeping resolutions, here are a few tips to help you stay focused.
Read MoreCountdown to Investing in the New Year: 10 Questions to Ask Yourself
If one of your New Year's Resolutions involves enhancing and expanding your investment portfolio, ask yourself these 10 questions to help review your investment plans in the style of a true New Year's Eve Countdown tradition.
Read MoreLPL Financial Research Outlook 2023: Finding Balance
In 2023, we look to equity markets to find balance between key macroeconomic factors—inflation, interest rates, and Fed policy—and business fundamentals. Our economic and market forecasts for 2023 can help us navigate the year ahead.
Read MoreA Guide to Incorporating Philanthropy into Your Financial Planning
If you're considering giving back to society or a cause as part of your financial planning, there are many ways you can do so. You can make an impact while receiving tax benefits by including philanthropic giving as part of a holistic...
Read MoreA Year-End Wealth Planning Guide
As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your finances:1....
Read MoreHow Financial Planning Can Help Prepare for LTC Costs
With the cost of long-term care (LTC) increasing year over year, considering how the costs of long-term LTC will impact your financial plan is essential. According to insurance company Genworth, the price of LTC services increased...
Read MoreHow Secure Is Social Security?
If you're paying attention to the news, you've probably come across story after story on the health of Social Security. And depending on the actuarial assumptions used and the political slant, Social Security has been described as...
Read MoreTry These Games to Keep Your Mind Sharp
Physical exercise is a well-known way to improve overall health, but keeping your mind sharp can benefit overall health, too. Exercising your brain takes less effort than you think and can be enjoyable! Try these fun games that can lead...
Read MoreAll You Need To Know About Eldercare Arrangements
It’s never too early to think about how and where you want to live when you’re older.How far in advance do you plan vacations? A month at the very least, right? You’ve booked the flights and hotels, taken time off of...
Read MoreDon't Bank Your Retirement on Your Business
Don't Bank Your Retirement on Your Business Investing in your own business makes sense; many businesses achieve significant growth each year. However, when you consider that many small businesses fold every year, it becomes clear that...
Read MoreSetting and Targeting Investment Goals
Go out into your yard and dig a big hole. Every month, throw $50 into it but don't take any money out until you're ready to buy a house, send your child to college, or retire.It sounds a little crazy, doesn't it? But that's what...
Read More5 Ways a Financial Professional Could Be a Small Business Owner's Best Friend
As a business owner, you may assume you do not need professional financial advice until you hit certain milestones such as $1 million in sales, having ten employees, or some other tangible measure. However, financial professionals may...
Read MoreLPL Financial Research Midyear Outlook 2022: Navigating Turbulence
Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a...
Read MoreSecuring Your Future with Life Cycle Planning
The need for regular saving and investing spans many life stages. Through the years, your goals will change and your strategies will shift, but don’t be alarmed. You’re just progressing through the normal stages of life,...
Read MoreIn the Heat of Summer, Remember Your New Year’s Resolutions
Now is a good time to check-in and see how you’re really doingAmid the draining heat of mid-summer, do you remember your New Year’s resolutions regarding your personal financial planning? How are you coming with your to-do...
Read MoreAn Annuity Can Help Restore Your Confidence in Retirement
Sometimes we forget just how fragile a nest egg can be.When the economy tanked in 2008, retirees watched in horror as U.S. markets suffered historic losses. The Dow declined by more than 50%, its biggest drop since the Great Depression...
Read MoreWhat Happens After A Bear Market Starts? Four Things To Know
“Life is like riding a bicycle. To keep your balance, you must keep moving.” – Albert EinsteinThe S&P 500 Index was down more than 20% on an intraday basis on Friday, but managed a huge rally late to avoid closing...
Read MoreThe 3 Wall Street Voices and 9 Myths – Part I
Understanding the myths and ignoring the voices will make you betterWall Street has three voices it wants you to listen to and nine myths it wants you to believe. They are designed to allow “The Street” to keep making money...
Read MoreRevive Your Resolve: How to Recommit to Your Goals and Resolutions
The start of the year has come and gone. You may find that the goals and resolutions you set at the start are no longer getting the attention they deserve. Whether you are feeling your motivation waning or feel like the goal is too far...
Read More4 Tips for Managing Financial Stress During the Pandemic
Two years into the pandemic, it may feel like you entered a time warp for some. And from shutdown-related expenses to changes to your employment situation or workload, it can be tougher than ever to try to navigate your financial life....
Read MoreThree Ways to Celebrate Financial Literacy Month
April is not just about tax season and springtime. Since 2004, April has also been Financial Literacy Month throughout the U.S. Some states also recognize it, such as Arkansas, Oklahoma, Pennsylvania and Texas.1 This celebratory...
Read MoreCrossing the Bridge to a Satisfying Retirement
One of the more important—and hopefully enjoyable—events you will face in life is retirement. After spending many years building your career, you have likely accumulated a comfortable nest egg. If you have reached a point...
Read MoreAll About Financial Planning
No matter where you are in life, you may have at least a few financial goals. Perhaps you want to buy a house, save for your child’s college education, or retire early. Regardless of what your goals are, financial planning can...
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