Sudden drops in the stock market can leave you with negative returns. Volatile markets can present opportunities for tax-loss harvesting - selling stocks at a loss to allow you to claim the loss for tax purposes. Read on to learn more about tax-loss harvesting and some rules to be aware of before engaging in tax-loss harvesting transactions.
Defining the "why" behind your financial plan will make it much easier to create, implement, and stick to your financial plan. Your purpose helps shape your plan and serves as a guide through difficult decisions and challenging markets. Take the time to develop the "why" behind your financial plan before you switch focus to the "how".
You finally decided you would like to begin working with a financial planner. Knowing what to expect when you meet a potential advisor for the first time can relieve the butterflies and make it a great experience for you and the advisor!
An annual service calendar helps ensure you and your advisor have a consistent, clear, and productive process for your ongoing financial planning. Items for review scheduled well in advance make quarterly meetings efficient and ensure nothing falls through the cracks. Read more about what your financial planning service calendar should look like.