Advisors

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

Shapecharge It’s not uncommon to want to move money from a workplace savings plan to an individual retirement account when you leave the company. Yet if you’re not careful while doing that rollover, you can make costly errors or lock yourself into something that can’t be easily undone. The key is to avoid any tax

Martin Barraud | OJO Images | Getty Images When introducing clients to the idea of sustainable, or socially responsible, investing, financial advisors’ questions often spark a revelation. “Our first question to any potential client is about values,” said certified financial planner Mitchell Kraus, co-founder of Capital Intelligence Associates in Santa Monica, California. “What do you

Nes | E+ | Getty Images When the Covid-19 pandemic hit the U.S. in mid-March, there were three types of financial advisory firms: high-tech, low-tech late adopters and firms somewhere in between. The overnight shift to work-from-home was vastly different for each type. Low-tech firms transported printers and fax machines to their homes and scrambled

President-elect Joe Biden and Vice President-elect Kamala Harris at the transition team’s Covid-19 advisory board Nov. 9, 2020 meeting in Wilmington, Delaware. Joe Raedle | Getty Images Joe Biden may have won the presidency, but there’s no guarantee his tax plan will come to fruition intact. President-elect Biden campaigned on a series of sweeping changes

Peathegee Inc | Tetra images | Getty Images You have just a few weeks to tap the money you’ve been saving for medical needs — or risk losing it. Health-care flexible spending accounts, which your employer may offer, allow you to store pretax dollars in a special account. In 2020 and 2021, you can contribute

Lorado | E+ | Getty Images “It’s increasingly a computer-based global work environment,” Minott said. “People can travel from country to country or stay where they like.” The benefits are plentiful. You get to live in a vacation destination, improve your quality of life and possibly reduce your cost of living. Just make sure you