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What is the Most Conservative Asset Class?
Conservative investments can be an important aspect of a well-diversified portfolio, especially as you near or enter retirement.
What Is a 70/30 Asset Allocation?
Asset allocation is an important aspect of portfolio diversification, as well as a means to help investors manage their exposure to risk.
How to Begin Financial Planning for Retirement
Perhaps next to creating and maintaining a budget, financial planning for retirement may be one of the important things you can do for your financial future. We’ll explain financial planning, why we believe it’s so important, the steps you can take to create a retirement plan, and who can benefit from working with a financial professional.
How to Become a Certified Financial Planner (CFP)
We are currently in the midst of the biggest transfer of wealth in modern history. Baby Boomers and other seniors will hand down $70 trillion between 2018 and 2042. Some $61 trillion will go to their largely Gen X and Millennial heirs, with the rest going to philanthropic causes.
How to Become a Private Wealth Manager
As F. Scott Fitzgerald wrote in his 1925 short story, The Rich Boy, “Let me tell you about the very rich. They are different from you and me.” That’s true in many ways, including their money management needs. That’s where private wealth managers (PWM) come in.
What Questions Should I Ask about My Financial Planner When Retiring
A financial planner can be helpful in building retirement savings, whether you’re just starting out or nearing the end of your career.
What Challenges to Personal Financial Planning Does Marriage Present?
Personal financial planning focuses on steps to establish certain short- and long-term financial goals. Tasks like creating a personal budget, planning for taxes, and setting up investments and accounts can help individuals reach specific objectives, from paying off student loan debt to having enough to live on during retirement.
How to Create a Financial Plan
A financial plan might lead to thoughts of legacy strategies, estate goals, passing on generational wealth, and retirement approaches, all under the direction of a professional financial planner or advisor. These can be included in a financial plan. But the actual plan itself is a basic statement of your current financial situation, long-term monetary goals, and the path that connects here and there.
Can a CPA Give Financial Planning Advice?
The CPA (Certified Public Accountant) designation is a well-known credential in the financial field. Candidates for it must first earn a bachelor’s degree in a relevant discipline such as business, finance, or accounting. Next, they must work for at least two years in public accounting and complete 150 hours of related education. Finally, they must pass the certification examination administered by the American Institute of Certified Public Accountants (AICPA), a professional organization with over 428,000 members in 130 countries.
Is a Certified Financial Planner a Fiduciary?
Implementing a wealth-building strategy usually requires the guidance of a finance professional. Financial advisors and planners can help you manage your wealth; however, neither designation implies a fiduciary duty on your behalf.
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