Inside Information

JUNE 25, 2024

For more years than I’d care to name, I’ve been trying to put my finger on exactly why I have a such a huge problem with the traditional (Think: Riskalyze, now Nitrogen) risk tolerance assessments in the financial planning profession. You can actually test various bear markets and adjust accordingly.)

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The Big Picture

SEPTEMBER 18, 2024

Brian Portnoy : So you’ve pointed accurately to a number of studies on this and maybe it’s 75,000 or 90,000 I’d also point out that a dollar spent in Manhattan NY versus Manhattan KS those are very different conversations. Brian Portnoy : Investing outside of a well-defined financial plan is speculation.

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Clever Girl Finance

MARCH 19, 2024

No one cares more about your financial well-being than you, so having a personal financial plan is important. Knowing how to make a financial plan will allow you to save money, afford the things you want, and achieve long-term goals like saving for college and retirement. Table of contents What is a financial plan?

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eMoney Advisor

MARCH 21, 2023

Historically, staying the course and following a financial plan has outperformed rash investment decisions when there are times of uncertainty in the financial market. But it takes a strong plan—and no small amount of willpower—to do this.

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BlueMind

SEPTEMBER 11, 2022

However, it should be well understood that a client’s financial profile includes their risk tolerance and their risk capacity. In this article, although we will be focusing on the latter one and why it is significant to determine your client’s risk capacity let’s first understand the difference between the two.

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WiserAdvisor

JULY 1, 2022

The number of entrepreneurs in America has exponentially increased over the past few years. That said, entrepreneurship can sometimes be cumbersome in spirit, especially in terms of financial planning. Why is financial planning important for entrepreneurs? What is meant by business financial planning?

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Workable Wealth

OCTOBER 14, 2020

Financial planning can take your money game up a notch by bringing clarity, strategy, and intention to your financial life. A healthy financial plan gives you the tools to take control of your finances and start living your life with passion, purpose, and freedom. So what’s the value of a financial plan?

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MainStreet Financial Planning

DECEMBER 20, 2023

Factors to consider would include – job changes, a change in the number of dependents, or a change in the number of breadwinners. If you are unsure if your portfolio aligns with your risk tolerance, time horizon and goals, reach out to us at Mainstreet and we would be happy to help!

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Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important?

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WiserAdvisor

AUGUST 26, 2022

First, do you have the necessary financial acumen and knowledge to make financial decisions? Are you good with numbers, accounting, and financial planning? If yes, then DIY financial planning might be a good option for you. What is DIY financial planning? Chalk out a financial plan.

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BlueMind

MAY 10, 2022

With the competition becoming fierce in the growing financial industry, you need an edge to set yourself apart from your competitors. That can be done by asking the right financial planning questions and providing your clients with a unique and extraordinary advisor-client experience.

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Harness Wealth

JUNE 30, 2023

Whether you’re building equity in a primary residence or buying a vacation home or investment property, understanding how to best prepare for, and manage, a real estate purchase is a critical piece of any personal financial plan. and Financial Planning for Estate Planning.

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Zajac Group

MARCH 20, 2023

For some, concentration risk might mean holding any amount of a single stock position in a company they work for. For others, concentration might feel suitable if they have significant other assets and/or if they have a high risk tolerance or high risk capacity. Here are a number of reasons we’ve seen.

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Carson Wealth

AUGUST 25, 2022

often fail to consider sequence of return, housing, longevity, health or family risks faced in retirement. Focus on Your Retirement Plan Rather Than a Magic Number. A better question than “What’s my magic number?” would be “How do I plan for retirement?“

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WiserAdvisor

APRIL 25, 2023

Your investment strategy determines the target percentages for each asset, often based on your risk tolerance, investment goals, and time horizon. This may lead to a higher or lower risk profile than initially intended. With a higher income, your risk tolerance can increase, and you may be more open to investing in equities.

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Clever Girl Finance

OCTOBER 12, 2023

Women’s financial plans are unique, so their investing strategies should be, too. Find out more about women and investing, and discover ideas for creating your own investment plan. Women investors are doing great financially, proving that women are equipped with the skills needed to be successful investors.

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Steve Sanduski

DECEMBER 11, 2024

Its essential to focus on more than just numbers when determining your transition approach. Here are five examples of analogies that can simplify complex ideas about the transition: Financial Planning Analogy You know how we’ve been working together to create a comprehensive financial plan for you?

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Carson Wealth

DECEMBER 8, 2022

It’s a number that lenders take a hard look at when you apply for a mortgage or another personal loan. Understanding your personal net worth will give you a clearer picture of where you stand financially. Are you getting closer to the number you need to retire, for example, or to pay for college for your kids?

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MainStreet Financial Planning

MARCH 15, 2023

With a money market account, you can withdraw your money at any time, but there may be limits on the number of withdrawals you can make per month. On the other hand, a Money Market Fund is a type of investment fund that invests in short-term, low-risk debt securities such as treasury bills, commercial paper, and certificates of deposit.

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Clever Girl Finance

FEBRUARY 2, 2024

The 401(k) Plan 2. The SEP-IRA (AKA Simplified Employee Pension) Expert tip: Understand your risk tolerance How to save for retirement in your 20s when you’re just starting out How much should I contribute to my 401(k) in my 20s? Generally, an investment fund with a later date can take on higher risk than one with a nearer date.

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Clever Girl Finance

NOVEMBER 25, 2023

Then you can choose the options that are best for you when you create your investment portfolio and financial plan. Here’s a list of some of the types of investments you’ll encounter as you make financial choices: Individual stocks Individual stocks are shares of a company you can buy and have partial ownership.

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Harness Wealth

JUNE 1, 2023

When it comes to managing wealth and planning for a secure financial future, the services of financial professionals, such as financial advisors or wealth managers, are invaluable. Table of Contents What Services Does a Financial Advisor Provide? Are Robo-Advisors a Good Alternative?

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Darrow Wealth Management

MAY 3, 2024

Deciding what to do with a cash windfall always comes down to your personal goals and financial situation. And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans. One-time cash needs Lay out any one-time potential cash needs.

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Darrow Wealth Management

MAY 3, 2024

Deciding what to do with a cash windfall always comes down to your personal goals and financial situation. And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans. One-time cash needs Lay out any one-time potential cash needs.

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Good Financial Cents

JUNE 11, 2023

One thing that I have craved for investors is a tool that allows you to sync all your financial accounts – your investment portfolio, checking and savings accounts, credit cards and other loan accounts – in one place, and then provides an investment-related analysis of your entire portfolio. What are the cons of Personal Capital?

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WiserAdvisor

DECEMBER 15, 2023

Financial advisors can offer insights into a diverse range of investment instruments, including stocks, bonds, real estate, and precious metals like gold, and align the recommendations with your risk tolerance and long-term goals. These professionals also go beyond the numbers and charts and educate you about investing.

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Harness Wealth

APRIL 17, 2023

Pros and Cons of Tender Offers for Startup Employees Personal Financial Planning Considerations Frequently Asked Questions What is a Tender Offer? A tender offer is a liquidity event in which a company, investor, or group of investors propose to buy a fixed number of shares from existing shareholders at a set price.

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International College of Financial Planning

SEPTEMBER 3, 2021

This is because you have been failing to plan your funds because of less time, following the old ways, peer pressure, less understanding of the financial markets, and so on. A financial advisor is a certified financial planner who is licensed and regulated to take mandate decisions on multiple aspects of financial planning.

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Clever Girl Finance

SEPTEMBER 11, 2023

The downside to highly liquid investments 12 Highly liquid vs short term highly liquid investments Expert tip: Know your risk tolerance When does it make sense to pursue a liquid investment? The asset must maintain a large number of readily-available, interested buyers. They have their place in any financial planning process.

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WiserAdvisor

AUGUST 18, 2023

Knowing the types of financial advisors and their compensation models can empower you to select a professional whose approach aligns seamlessly with your financial goals, risk tolerance, and overall budget. Below are the different types of financial advisors you can choose from based on their fee model: 1.

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Fortune Financial

APRIL 11, 2024

Search for Unclaimed Funds and Gather Documentation: Start by locating any previous plan statements you may have, as they will provide your account number and the plan administrator’s contact information. Moreover, incorporating flexibility into financial planning and daily schedules can significantly enhance work-life balance.

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Zajac Group

JANUARY 31, 2022

Review Your Current Concentration Risk. Concentration risk is financial speak for owning a single stock that makes up a material part of your net worth. Acquiring a considerable number of company shares can be a powerful way to build wealth, especially if they perform well or if your company goes public.

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Workable Wealth

JANUARY 6, 2021

Take the time to clearly articulate those priorities and how your financial resources can support them in the coming year. . You may have had a 5-year financial plan, but as the saying goes, “Life likes to get in the way.” Using emergency money to spot you in a pinch is an essential financial planning tool.

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Clever Girl Finance

MAY 13, 2023

If you want to invest, create an investment plan that matches your financial goals with your risk tolerance. You may want to answer the question, " Do I need a financial advisor? Having your FI number can help you figure out how much money you need to reach financial freedom vs financial independence.

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Park Place Financial

MARCH 14, 2022

FINANCIAL PLANNING What is Portfolio Rebalancing? Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. For example, you can shift money between asset classes to reflect market changes and work with your financial adviser to create a diversified strategy.

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WiserAdvisor

FEBRUARY 29, 2024

Similarly, recent studies by Russell Investments discovered that financial advisors contribute an estimated value of 4.81%, while Vanguard’s research indicates potential net returns boosted by 3% through advisor involvement. While these numbers may seem abstract at first glance, they highlight a critical point.

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Workable Wealth

JUNE 24, 2020

In your quest for financial wellness, you have probably heard countless times the importance of investing as part of a well-rounded financial plan. But you can’t do that without a clear understanding of what the financial market is, how it operates, and strategies to approach it. Breaking It Down. Which Is More Reliable?

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