Through Advisor.com, you can schedule a free, no-obligation consultation to discuss your retirement goals and start building a long-term financial plan beyond Social Security.A professional advisor can also help you determine how many years you have left to invest before retirement and assess your comfort level with market fluctuations — two key factors in building the right asset mix for your portfolio.Fortunately, finding the right advisor is simple with Advisor.com . Their platform connects you with lice ...

My mother and father both worked for approx 35 years. But in two years after their retirement and after my sister's wedding, we exhausted the life savings. We are left with zero money.And I kept wondering how is this possible. Today I'm going to share that reason and also my 20 years of investment learnings in the theme seeds of change and the topic why and how learning to invest early can change the fortune of your life. I was fortunate to have born to a loving, caring and humble parents.My mother used to ...

Core Insights - The article emphasizes the importance of proactive wealth growth strategies for the upcoming year, encouraging individuals to take their investment journey seriously [1][2] Group 1: Investment Strategies - Marking deadlines for wealth-growing opportunities is crucial, such as maximizing retirement contributions for 2025, including 401(k) and 403(b) plans [3][4] - It is advised to contribute at least up to the employer match in retirement accounts to benefit from free money [4] - Diversified, low-cost index funds like those tracking the S&P 500 or Nasdaq-100 are recommended for appropriate investment in retirement accounts [4] - Contributions to health savings accounts (HSAs) are highlighted as a powerful investment tool, being tax-deductible and capable of growing tax-free [5] Group 2: Timing and Action - Investors are cautioned against waiting for the "perfect" time to invest, as the cost of inaction can outweigh the risks of starting with an imperfect strategy [6][7] - The article stresses that time in the market is more beneficial than trying to time the market, urging individuals to avoid being sidelined by market fears [7] Group 3: Financial Advisors - The importance of finding a trustworthy financial advisor is underscored, as not everyone is expected to have comprehensive knowledge of investing and financial markets [7]

Core Insights - A significant portion of Americans, up to 58%, are projected to struggle in maintaining their standard of living during retirement, indicating a widespread issue in retirement savings [1][5]. Group 1: Retirement Savings Statistics - Americans working with a financial advisor have saved an average of $132,000, compared to $62,000 for those without an advisor, highlighting the impact of professional financial guidance on savings [5][6]. - The estimated retirement age for Americans with a financial advisor is 64, which is two years earlier than the 66-year retirement age planned by those without an advisor [6]. Group 2: Importance of Financial Advisors - The key factor that significantly enhances retirement savings is the engagement with a financial advisor, as indicated by Northwestern Mutual's annual study [4][5]. - Individuals who work with financial advisors report greater confidence in achieving their financial goals and believe they will reach these goals faster than their peers [6][7].

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hot take: if you make less than 20k a month and you’re paying a financial advisor to “manage your funds”, you’re getting fleeced.(inspired by my baby sister in law letting her best friend from college be her wealth manager) ...

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Core Insights - Lighthouse Private Wealth has been formed by advisors DJ Totland, Christopher Meyer, and Rob Tendler, joining LPL Financial's platform, with approximately $1.1 billion in advisory, brokerage, and retirement plan assets [1][2]. Group 1: Company Formation and Background - Lighthouse Private Wealth is located in Red Bank, New Jersey, and has a combined experience of 90 years among its founding advisors, who have worked together for 20 years [2]. - The firm serves a diverse clientele, including high-net-worth individuals, small business owners, and families, utilizing a holistic approach to financial matters [2]. Group 2: Reasons for Choosing LPL Financial - The advisors chose LPL Financial for improved technology and autonomy, aiming to customize their services in an 'a la carte' manner [3][4]. - The desire to become business owners and operate independently from traditional wirehouses or regional broker-dealers was a significant factor in their decision [4]. Group 3: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,100 financial institutions, with around $1.9 trillion in brokerage and advisory assets [6]. - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to select the resources they need to succeed [6].

Investment Strategy - The report mentions Ric Edelman (@ricedelman), a Hall of Fame Financial Advisor, discussing the new 60/40 portfolio [1] - The industry is focusing on the evolution and potential adjustments to the traditional 60/40 investment portfolio strategy [1]