Financial Blog
Find helpful resources on everything from relocating and learning a new tax code to how to plan for your retirement at Horizons Wealth Management. Check out our latest blog post for helpful tips and considerations no matter where you are on your financial journey.
9 in 10 Americans Underestimate Their Hidden 401(k) Fees. When was the last time you checked the fees on your 401(k)?
Who’s looking out for your 401(k)? Do you know who is legally responsible for plan losses and excessive fees? Do you understand the fees being charged to your account? When was the last time you checked the fees on your 401(k)? All too often, workers with 401(k) accounts are in the dark. They view their retirement plan as […]
Your Kids Are Ruining Your Retirement
More than a third of millennials receive financial support from their parents. New studies show that many boomers are risking ruining their retirement to subsidize their adult children, which is scary as they live longer and will need more savings. Making personal sacrifices for the good of your children is good parenting. But there are limits, […]
Stock Brokers vs. Fiduciaries- Do You Know The Difference?
Tony Robbins recommends this short video clip in his new book, Money: Master The Game. This is a great explanation of the difference between brokers and financial fiduciaries. Most brokers call themselves “financial advisors” or “financial planners,” but less than 10% of them are actually fiduciaries. Robbins advocates for using an Independent Fee-Only Fiduciary in order to protect investors from deceptive […]
The Recipe for Building a $1 Million Retirement Plan
The 401(K) has become America’s number one way to save for retirement. The stock market’s recent bull streak has not only pushed the average 401(k) plan balance to record highs, but also boosted the ranks of a new breed of retirement investor: the 401(k) millionaire. To join this “Million Dollar Club,” you need to learn all the right ingredients to […]
Would people possibly mistake someone completely unqualified to handle their finances?
The fact is, anyone can claim to be a financial advisor. There is a big difference between stock brokers, insurance agents, salesman, and CERTIFIED FINANCIAL PLANNERS. Do you know the difference between fee-only and fee-based? Does your financial adviser sell products to make commissions? Fee-Only advisers do not sell any financial products! To bring awareness to […]