Financial Advisor

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Financial Planning Essentials: Tax Preparation versus Tax Planning

While tax preparation and tax planning are both critical components of managing your financial health, they serve distinctly different purposes. It’s essential to understand the difference between these two processes. Tax preparation focuses on reporting past financial activities. This involves compiling and submitting tax returns to the IRS to report income, deductions, and credits for…

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A Checklist for Identifying the Right Advisor for You

Relationship Your advisor’s sole, continuous duty across your entire relationship should be to advance your highest financial interests (even ahead of their own) as a FIDUCIARY. Primary Role Your advisor should understand and account for your total wealth interests and advise you accordingly.   Understanding all components of your financial situation and how they interact is…

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Fee Only Financial Advisor Jupiter FL

CFP® and CFA: Credentials to Consider When Hiring a Financial Advisor

If you have ever met with a financial advisor, it is likely that they have several letters after their name.  As a consumer, it is important to understand exactly what these designations mean – they are not all the same and they do not all indicate the same type of expertise or accomplishment.  Some require…

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Fiduciary NAPFA Jupiter FL

The Benefits of Using a Fiduciary

As you may recall, under the Obama administration, the Department of Labor passed the Fiduciary Rule which addressed the standard of care that an advisor has to their clients in regard to retirement plan accounts. A fiduciary standard means the advisor is ALWAYS required to act in the client’s best interest, whereas a suitability standard…

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Give Yourself Permission To Hire a Real Financial Advisor

Setting goals are important. It gives you something to work towards. But there is a huge misconception about goals that most people don’t figure out until it is too late. Achievement of your goal will not bring you happiness. Having a certain amount of money in the bank, getting a promotion, owning your dream home, retiring at age 50 – those may be your goals, but what happens once you get there? Then what?

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