As an advisor, I often receive questions from my clients who want to help pass along a tradition of giving. If you’re looking to impart financial values to your children, here are some ideas on how you can open their eyes to the gift of giving.

Although tax filing season is months away, the window to make timely tax-saving moves is closing. In most cases, you must act by December 31 to apply any tax savings to your 2023 federal income tax return.

Passive income is broadly defined as money that comes from investments rather than employment wages. Examples include dividend income generated by stock investments or rental income derived from property you own. Passive income can play an important role in helping to meet day-to-day expenses and to accumulate wealth for retirement.

When it comes to money, it’s easy to let your emotions get the best of you – particularly during periods of personal stress or market volatility. Even seasoned investors should guard against making financial decisions based on feelings instead of facts.

Approximately 23 million Americans ages 65 and older are single, divorced or widowed, according to the most recent data available from the U.S. Census Bureau. That means there are many people in this country who are planning their retirement on their own, without the help of a spouse or partner.

Understanding the basics of investing is an essential first step toward building a strong financial foundation, but many people don’t know where to get started. Here are five concepts that can be helpful for new investors to grasp:

Remember those financial resolutions you committed to at the beginning of the year? If they seem like a distant memory, the start of summer is an excellent time to reset and take stock of your progress. Follow the tips below to recommit yourself to your financial goals.

Investment markets are in a challenging period in which large swaths of the stock and bond market have lost value. You may have noticed the impact of this on your own workplace retirement savings plans, such as 401(k) or 403(b) accounts.

With the New Year now in full swing, you may be looking for ways to tighten up your finances – especially if you overspent or simply have spending fatigue following the busy holiday season. The good news is that even small actions can make a big difference. Here are some simple steps to help you recover from the holiday frenzy and confidently take control of your finances in 2023.