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Outdated, inefficient, and imprecise — these three words aptly describe the traditional approach to client acquisition in retirement planning.

Investing in gold can have a positive impact on your portfolio. After all, gold offers diversification value and protection from market risks, which can help improve your risk-adjusted returns. But, that’s only if you make the right decisions when investing in the commodity.

Navigating the complexities of elder care transitions is a daunting task, but it can also be a significant opportunity for financial advisors to deepen their relationships with clients. For Patti Black, CFP®, a Birmingham, Alabama-based advisor at Savant Wealth Management, this challenge became personal when she had to help her parents find the right senior housing option more than once.

The desire to retire early is not new, but achieving that goal has become more complicated in recent years. Factors ranging from rising costs to longer life spans have bumped the average retirement age to 61, four years later than it was in the 1990s. Essentially, the average worker needs more time to put their retirement reserves in place than they did a few decades ago.

Inflation is cooling, which means that there’s a chance that interest rates could come down soon. After all, the Federal Reserve may cut its target federal funds rate, which is the benchmark rate that consumer interest rates are based on, as price growth slows. And, if that happens, the rates being offered on savings accounts, certificates of deposit (CDs) and other deposit accounts could fall. 

As the 2024 U.S. presidential election between Joe Biden and Donald Trump looms on the horizon, you may be wondering how the outcome could impact your personal finances. It’s impossible to predict exactly what will happen. But elections bring a certain amount of economic uncertainty, and there are a few financial steps you should consider taking before the ballots are cast.

In the lead-up to the next U.S. presidential election, there’s a lot of speculation as to how a Donald Trump win would affect the economy. If you’re an investor or a potential homeowner or if you have any major financial decisions to make soon, you should understand how interest rates might be impacted by a second Trump administration.

Former President Donald Trump is once again leading the Republican charge to reclaim the White House. As the campaign rhetoric intensifies, one group keeping a particularly close eye on the developments is the upper class. A Trump victory could potentially mean a wave of policy shifts that could profoundly impact their finances.

The 2024 election is getting closer, and a lot of Americans are wondering how the outcome could affect big life decisions, like buying or selling a home.  If Biden wins again, what can homebuyers and sellers expect for real estate over the next few years? The outcome could have a big impact on your finances and the decisions you choose to make around buying, selling or staying put in your current home.

Federal Reserve officials announced the Fed does not plan to cut interest rates on Wednesday, leaving rates at a 23-year high. While inflation eased last month, a statement from the Fed says inflation “remains elevated” and that officials are “strongly committed to returning inflation to its two percent objective.” This means rates for car loans, credit cards and mortgages will stay relatively the same for the time being.