Financial advisors

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Financial advisors have an alphabetical soup of references. What do they mean?

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The list is lengthened increasingly. Today, the Financial Industry Regulatory Authority website lists a total of 235 credentials that you can find on a financial advisor’s business card. (Finra does not endorse any of them.) A total of 25 new designations were added in the last year alone, according to advisers who tracked these lists. …

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How to Take Advantage of Higher 401(k) Contribution Limits for 2023

How to Take Advantage of Higher 401(k) Contribution Limits for 2023

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Designer491 | Istock | Getty Images If you want to boost your retirement savings, there’s good news for 2023: higher 401(k) contribution limits. And now is the time to adjust your carryovers, say financial experts. You can contribute $22,500 to your 401(k), 403(b) and other similar plans for 2023, up from $20,500 in 2022. Employees …

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You Can Still Lower Your 2022 Tax Bill With A Few Last-Minute Moves

You Can Still Lower Your 2022 Tax Bill With A Few Last-Minute Moves

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“Take lemons and make lemonade” with a tax-loss crop With the S&P 500 Index down nearly 20% for 2022 as of noon Dec. 19, it may be a good time to harvest tax losses, allowing you to offset brokerage account profits with losses, Roberge said . After you reduce your 2022 investment gains, you can …

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You Can Still Lower Your 2022 Tax Bill With A Few Last-Minute Moves

You Can Still Lower Your 2022 Tax Bill With A Few Last-Minute Moves

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“Take lemons and make lemonade” with a tax-loss crop With the S&P 500 Index down nearly 20% for 2022 as of noon Dec. 19, now may be a good time to reap tax losses, allowing you to offset brokerage account profits with losses, Roberge said . After you reduce your 2022 investment gains, you can …

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5 questions to ask your financial advisor before the end of the year

5 questions to ask your financial advisor before the end of the year

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Delpixart | Istock | Getty Images The end of the year is a time to give thanks and celebrate the holidays with our families. It’s also an opportunity to re-evaluate the past 12 months and ask your financial advisor some very productive questions. 1. What is your investment decision process? We often judge the merits …

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How to Create a Financial Plan as an Unmarried Couple

How to Create a Financial Plan as an Unmarried Couple

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Petri Oeschge | Getty Images SEATTLE — If you’re living together before marriage or making a long-term commitment with no intention of getting married, you’ll need to prepare for the future — or you could face challenges later, experts say. There are “rising rates of cohabitation,” with many couples skipping marriage because “they don’t see …

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What to know as Social Security's record 8.7% COLA goes into effect

What to know as Social Security’s record 8.7% COLA goes into effect

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Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …

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Here are 3 ways Gen Z workers can start saving for retirement now

Here are 3 ways Gen Z workers can start saving for retirement now

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Alvarez | Digital vision | Getty Images If you’re fresh out of college, you might be wondering when is the right time to get into a retirement savings plan. The answer is now, experts say. At this point, 55% of Americans who are already working think they are behind on saving for retirement, according to …

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Why cost averaging can pay off in volatile stock markets

Why cost averaging can pay off in volatile stock markets

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chris ryan | Getty Images Investors are preparing for 2023 amid volatile stock markets, rising interest rates and geopolitical risks, with many fearing a recession in the new year. But despite the economic uncertainty, financial experts are pointing to timely opportunities, urging investors to inject liquidity into the market, rather than ignore it. In agreement …

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