Advisors

Nitat Termmee | Moment | Getty Images At the end of every year, there’s an opportunity to make smart financial moves to reduce taxes, increase net investment income and decrease portfolio risk. Some of these financial moves are especially timely. They’re enabled by federal legislation and temporary changes in tax rules aimed at easing pandemic-related

Fuse | Corbis | Getty Images Are you one of the 4.7 million individuals who moved out of state last year? Whether you’ve already made the move or are considering an upcoming relocation, you likely created a checklist that includes updating your address, obtaining a new driver’s license and finding new physicians. Unfortunately, many people

Patrick Pleul/picture alliance via Getty Images Investors are pouring money into funds that aim to do environmental and social good. But one of America’s biggest pots of wealth — 401(k) plans — are stunting their growth. The popular savings plans and similar workplace retirement plans held $9 trillion as of last year — almost a

The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images Even amid a pandemic, many popular companies have gone public, giving investors an opportunity to purchase their stock. But getting in early might not be the best strategy.

Courtney Keating | E+ | Getty Images Talk to anyone who’s gone through divorce and they’d likely say the experience was no walk in the park. Yet the notion may be weighing on more spouses during the pandemic, some research shows. For instance, based on Loanry.com’s internal data, there’s been a 62% increase in loan

Whether workers get a windfall from Uncle Sam or wind up owing taxes mostly comes down to filling out one form correctly – and few people are doing it. In fact, 45% of the people polled by the American Institute of CPAs said they don’t know when they last reviewed the amount of tax withheld

Getty Images We’ve officially reached the last month of 2020. For many investors, that may prompt a sigh of relief. But financial advisors say this is a great time to step back and assess which year-end financial moves you need to make now and revisit your money strategy to set yourself up for a prosperous

Demonstrators in Chicago protest President Donald Trump’s decision to exit the Paris climate change accord on June 2, 2017. Scott Olson | Getty Images News | Getty Images As the Federal Reserve recently called out climate change as a stability risk, the investing world is recognizing the potential rewards of addressing the challenge. “There’s an

SDI Productions | E+ | Getty Images This year, the IRS is willing to let you write off all your adjusted gross income if you give it to charity in the form of cash. But just because you’re allowed to do it doesn’t mean it’s a good call. When the CARES Act went into effect

Tony Hsieh, former CEO of Zappos.com Bloomberg | Bloomberg | Getty Images Former Zappos CEO Tony Hsieh, who died last week from injuries sustained in a house fire, did not leave behind a will, according to published reports. Hsieh, who retired in August from the shoe and clothing online retailer, succumbed to complications from smoke

Many of the nation’s top companies, including Amazon, Goldman Sachs, Ford, Google and Walmart, are calling on the new administration to address climate change and come up with long-term solutions in response to concerns from investors, customers, communities and employees. In a letter to President-elect Joe Biden and the new Congress, 42 corporations urged the government

PeopleImages | E+ | Getty Images Back in March, a couple who had recently sold their business called me to express concerns about their decision to sell and retire. With Covid-19 raging, the stock market quickly dropped in value and their retirement savings were in decline. They asked a straightforward question: Did they need to

Joel Angel Juarez/Bloomberg via Getty Images Amid the season of giving — not to mention an ongoing pandemic — donating to charitable causes may be on your mind. While the need for assistance is tremendous, experts say, it’s important to be sure your money goes to legitimate organizations that will use your donation as you

Sen. Mitt Romney (R-Utah) speaks as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus relief legislation at a news conference on Capitol Hill on Dec. 1, 2020. Kevin Lemarque | Reuters Lawmakers from both sides of the aisle were able to hash out another rescue bill that includes

If you’re cashing in some of your Bitcoin this year, the IRS wants to know about it. On Monday, the cryptocurrency’s value hit new heights, surging beyond $19,800 for a unit of Bitcoin. The asset’s appreciation has skyrocketed this year, rising by 160% in 2020. Understand that if you want to take a few of

krisanapong detraphiphat | Moment | Getty Images The rising economic power of women in this country is one of the most significant financial shifts of recent decades. The bottom line: Women are generating and managing an increasing amount of wealth in the U.S. Today, women control more than $10 trillion (about 33%) of total U.S.

Vladimir Vladimirov | E+ | Getty Images The role of a financial advisor can encompass areas that many people might not expect. The truth is a financial advisor is not just someone who helps with investments. Quite often, the job is to assist with every aspect of a client’s financial life. Advisors use their expertise

South_agency | E+ | Getty Images The value of Bitcoin is skyrocketing. If you’re planning on selling now and pocketing the gains, Uncle Sam is going to want his share. This week, the cryptocurrency hit price it hasn’t seen since 2017, climbing toward $18,000 for one unit of Bitcoin. Over the course of 2020, it’s

GYRO PHOTOGRAPHY | amana images | Getty Images Growing rapidly within the socially responsible investing landscape is the world of so-called impact investing, which deploys your money more directly toward solving societal problems. Largely executed through direct investing platforms, this approach addresses specific problems, such as alleviating poverty in certain communities or reducing pollution. These

Nitat Termmee | Moment | Getty Images The good news is that surging markets have boosted investor portfolios this year. Now for the bad news: Some of those people will be owing the taxman. That’s because mutual funds distribute capital gains to their shareholders near the end of the year. At this point, fund providers