In the vast world of personal finance and investment, municipal bonds often fly under the radar of average investors. However, these stable and tax-advantaged investment vehicles offer several compelling benefits, especially for those looking to build a resilient and predictable portfolio. So, what exactly are municipal bonds, and how can they work for you?
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.
When we hear the term "estate planning," many of us think it's something reserved for the wealthy or elderly. In reality, estate planning is a crucial step for anyone who wants to ensure their assets, wishes, and loved ones are protected after they pass. Regardless of your age or the size of your estate, having a plan in place can prevent a host of financial and emotional difficulties for your family in the future.
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.