Chances are you rely on your financial advisor to help with financial planning, retirement planning, and investment management. However, not everyone realizes that a properly qualified financial advisor can help with tax planning, too. Because financial advisors possess a deep understanding of your overall financial situation, they can tailor tax strategies that align with your specific goals. Financial advisors with tax planning experience can:

As investors near and enter retirement, their risk tolerance tends to become more conservative. It’s easy to stay aggressive in the markets when you have an income covering your lifestyle. But once you no longer have that steady income stream to pay for your expenses, it’s time to start spending your savings and investments. This can be a scary thought, leading to the question, "Have I saved enough, or am I going to run out of money?”

Even though we’re well into the new year, perhaps the biggest financial problem from 2022 is still rearing its ugly head: high inflation. To make matters worse, tax experts are warning people to prepare for lower tax refunds this year—or potentially prepare to pay in—as COVID benefits expire and revert to their pre-pandemic levels.

Parents want to give their children all the help they can, and if they have the wherewithal to improve their kids’ financial standing, they often do so. One great idea that we’ve used with many of our clients is gifting money to their children to fund a Roth IRA.

Want a stronger investment strategy? Discover the 4 key traits of powerful portfolios—diversification, tax efficiency, risk alignment, and long-term focus—to help grow and protect your wealth.