10 Questions to Ask When Interviewing a Financial Advisor

questions for your financial advisor

October is National Financial Planning Awareness Month and as the year winds down, many Americans will have questions regarding their finances. Maybe you received a windfall from stocks and want to build a more diverse portfolio, or maybe you need some help with tax planning before the IRS comes calling in April. “When To Hire […]

When To Hire a Financial Advisor?

start financial planning

October is National Financial Planning Month! It’s a time before the holidays when everyone can take a step back and review their financial pros and cons. Are you on track with your retirement goals? Are there any expected expenses or windfalls on your horizon? October might only have 31 days, but financial planning is a […]

How to Choose a Financial Advisor

selecting a financial advisor

A financial advisor is a catch-all term used to describe a variety of professionals. Financial advisors can serve individual clients across the spectrum of wealth, businesses of all sizes, and even institutions and government bodies. There are literally dozens upon dozens of different types of advisors, each with their own specialties, skills, and expertise. If […]

Understanding Your Financial Advisor’s Credentials

financial advisor credentials explained

When searching for a financial advisor, you’ll come across enough acronyms to fill a phone book. Financial advice can be a very broad topic, but most advisors narrow down their specialties to fill specific voids.  Think of it like medicine – cardiologists, neurologists, and pediatricians are all doctors, but you wouldn’t visit a cardiologist if […]

CPA vs CFA vs ChFC

differences in financial advisors

If you’ve read anything about the financial advising industry, you’ve surely noticed the overwhelming number of acronyms. Every financial advisor has their own suffix attached to it and separately they can all be very confusing. We’ve discussed CERTIFIED FINANCIAL PLANNER™s (CFP®s) and how they tilt their practice toward individuals and families.  6 Reasons to Hire […]


CFP working with clients

Working with a CERTIFIED FINANCIAL PLANNER™ (CFP®) is usually seen as a privilege only the very rich can afford. Having enough money that you need guidance on what to do with it seems like a great problem to have. The truth is, a CFP® does not work solely with the richest subset of Americans. In […]


CFP Advanced Retirement Strategies

With over 100 different designations and specialties, financial advisors can often seem like a dime a dozen. You can’t go very far in this country without seeing a billboard or advertisement for a financial guru or tax specialist who claims to have the ability to solve all your money problems. While the less reputable advisors […]


certified financial planner

Hiring a financial advisor can be a confusing and tedious process. Different advisors have different qualifications and finding the right one means navigating a sea of different acronyms. If you’re looking for financial advice tailored to individuals and families, your best bet is likely, a fiduciary advisor with a focus on personalized financial plans. A […]

What the Pro-Rata Rule Means for Your Backdoor Roth IRA

backdoor Roth IRA Pro-data rule

The backdoor Roth IRA pro-rata rule is a little known but highly important regulation that can have significant implications for anyone executing a backdoor Roth IRA conversion. It stipulates how the IRS will treat pre-tax and after-tax contributions when the taxpayer executes a Roth conversion. Creating an individual retirement account (IRA) is one of the […]

IRA Aggregation Rule and Implications for Your Backdoor Roth Conversion

Tax savings for Roth Conversions

Unlike traditional IRAs or 401(k) accounts, the Roth IRA is funded with after-tax dollars and the investments in the vehicle grow completely tax free. Not only that, but since Roth IRA principal balances have already been taxed, they can be withdrawn tax-free at any time. Roth IRAs have certain limits. You can only contribute $6,000 […]