For risky assets, December was the most difficult month in a year that proved to be particularly tough sledding for stocks. During times of market turbulence, it's particularly important to look through the volatility, use a diversified approach, and stay invested in order to achieve your long-term financial goals.
As the calendar turns to December, many of us will think more intentionally about ways that we can help others. This might include donating financial resources to a cause that is meaningful to you and your family. Making a Qualified Charitable Distribution from your IRA or using a Donor Advised Fund for charitable giving are two ways that could help you increase the amount you can give, save on taxes, or both.
For most individuals, the benefits of working with a financial advisor are clear. They include better financial outcomes, time savings, and peace of mind knowing that you are working with a trusted professional. But how about the costs? Because costs can be difficult to decipher, we present a primer on the price of advice.
The Bank of Mom and Dad is a prominent lender/gifter of funds to children for buying a home. Financial headwinds are strong for millennials and it is expected more than a quarter of first-time home buyers will get financial assistance from relatives.