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Just like in the stock market, greater uncertainty has led to swings in the bond market. These moves, driven by tariffs and a dispute between the White House and the Fed, have pushed interest rates and bond yields higher. While short-term volatility can often lead to unexpected results, it's important to remember that periods like these occur periodically, even if the causes are different each time. For bond investors, especially those who rely on their portfolios for income, the current environment may present both challenges and opportunities for their financial plans.

Often, when contacted by a prospective client, the first question they ask is, “Are you a fiduciary?” Although this is excellent progress, the following question is equally important and one that many financial advisors may prefer to avoid, “Are you a ‘full-time’ fiduciary?”

A solid personal finance strategy is imperative to long and short-term stability and security. Think of your financial structure as the sturdy foundation of a house—without it, the entire structure is vulnerable to collapse. A well-balanced financial plan equips you with the resilience to navigate unpredictable challenges, manage resources effectively, and work toward achieving your goals. Every consumer should understand and implement four key components of a robust financial structure: Budgeting, Saving, Debt Management, and Investing.

As the end of 2024 approaches, taxpayers and advisors find themselves at a pivotal moment—facing not just year-end planning pressures but also the looming sunset of the Tax Cuts and Jobs Act (TCJA). This sweeping legislation, enacted in 2017, brought significant changes to the tax code, many of which are set to expire in 2025. The countdown has begun, and the time to strategize is now. ClientFirst founder Ed Mahaffy recently held a webinar with estate and tax planning attorney Ashley Gill and CPA Ron Meyers to discuss what is changing and strategies to prepare for tax season.

When you’re seeking financial advice, it’s essential to choose someone with the right qualifications. The financial landscape can be overwhelming, but understanding financial advisors' designations—such as CFP®, CFA®, and others—can help you make more informed decisions. These credentials indicate specific areas of expertise, rigorous standards, and commitment to professional ethics. But what do these letters really mean, and how do they benefit you as a consumer? Let's break it down.

The time leading up to retirement can be filled with excitement, stress, and the undertaking of ensuring long-lasting financial stability. A year or less before making this transition is the time to evaluate your financial status, healthcare needs, and lifestyle plans. Regardless of the retirement you aim for, this approach is built to secure a smooth transition.