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Financial Planning

financial advising trends

6 Financial Advising Trends For 2022

Investors and financial advisors are not entering 2022 in the same headspace as they started 2021. They’re rethinking many aspects of financial planning, such as what retirement will really be like and if it’s worth waiting for. They’re also worried about inflation, volatility and taxes, all of which are factors that will shape the financial advising landscape heading into 2022. The coronavirus pandemic,… 

Ease Financial And Retirement Worries With An “Intentional Life Plan”

You may have a will in place, but what about a power of attorney, an advanced directive, or a financial plan? A recent survey found that few people actually use these tools that the author of today’s article argues “are so important for successful lives” – and which can ease financial and retirement worries. He proceeds to outline how to… 

How Retirees Can Ready For A Recession

How can retirees best ready themselves for a possible recession? Construct a sound financial plan if you don’t already have one, according to the author of today’s article. And if you already have an appropriate financial plan in place, his advice, “in short, is to do nothing.” Why does he recommend doing nothing in the face of a possible recession?… 

Planning For “White Swan Events” In Retirement

You’ve heard of black swan events (events which are extremely rare and hard to predict but which can have severe consequences), but what about white swan events? As today’s article explains, these events can be just as devastating to financial plans, but, despite the fact that they are more common and foreseeable than black swan events, people spend little time… 

5 Small Steps To Solve A 75% Retirement Problem

In a new survey conducted by Fidelity Investments, 75% of respondents reported feeling only somewhat confident to not confident at all about their retirement finances. Ultimately, those that lacked a financial plan for retirement lacked confidence, while those that had a plan also had confidence. As such, today’s article lays out “five small, practical steps you can take to boost… 

Spend Safely In Retirement (And Delay Taking Social Security) With This Strategy

With most financial experts advising that primary wage earners delay taking Social Security until age 70 (as delaying can result in payments that are 70% higher), the author of today’s article acknowledges that “for those who do want to maximize their benefits, that means utilizing other assets in the meantime which requires some strategizing.” He proceeds to outline one potential… 

Financial Planning vs. Retirement Planning – And How Understanding The Difference Can Be Critical To Your Retirement

Think financial planning and retirement planning are one and the same? Think again. “Understanding the difference between financial planning and retirement planning can be critical to developing a retirement income strategy,” explains the author of today’s article, with one financial adviser cited describing the difference between the two as “the difference between people at work versus money at work.” So… 

This “Absolutely Catastrophic” Financial Decision Might Be The One Thing Preventing You From Building Wealth

What’s the one thing most preventing you from building wealth? The author of today’s article makes the case that, when it comes to building wealth, “one financial decision in particular has been absolutely catastrophic for people at every income.” In fact, he outlines how taking a different course when it comes to this particular financial decision has the potential to… 

Managing Your Investments In Retirement: What To Know When You’re Doing It Yourself

When it comes to managing your investments in retirement, the author of today’s article notes that “hiring a financial advisor can set you back 1 percent or more of your investable assets – if you have $250,000, you’ll spend $2,500 per year in expenses. That’s money that could have gone toward reinvesting and growing assets, taking a vacation, paying taxes,…