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You may have spent decades building your portfolio and outperforming the market, but as your wealth grows, small DIY mistakes can carry a much bigger price tag. Chasing higher returns could feel like the fix, but overlooking these financial decisions may cost you more. Next Steps: Financial planning can be overwhelming. We recommend speaking with a financial advisor. This free tool will match you with vetted advisors who serve your area.

I’m so lost: I have a 401(k) that’s sitting doing nothing. I have not transferred the funds to my new employer‘s 401(k) because I’m not sure it’s the best decision. I’m thinking of transferring funds into a Roth IRA but I’m afraid it will affect our tax bracket because I’m sure we will have to pay the IRS. – Liliana You are correct that you’ll owe income tax on the money if you move it into a Roth IRA, but that doesn’t necessarily mean it’s a bad idea.

Common expenses tied to raising a child — including child care, food, medical care, housing and other necessities — can total tens of thousands of dollars annually. While costs are high across major metro areas, the burden varies sharply by location, with families in some places facing annual expenses more than twice as high as those elsewhere. These costs can also shift quickly, making local trends important for households planning to grow.

People often think that any professional called a “financial advisor” is required to act in their best interest. It feels like a safe assumption, the kind you shouldn’t have to question. But the title itself carries no such guarantee. Depending on how an advisor is registered and compensated, the obligations they owe you can differ significantly, and not every advisor is held to the same standard. Next Steps: Financial planning can be overwhelming. We recommend speaking with a financial advisor.

You inherit $500,000 and your first instinct is to figure out how to invest it. But before choosing stocks, funds or other investments, there are important decisions that can have an even bigger impact on your financial future. Your first move is important. One mistake and you could hand over thousands of dollars to the IRS. Next Steps: Estate planning can be overwhelming. We recommend speaking with a financial advisor. This free tool will match you with vetted advisors who serve your area.

Market losses typically signal investors to put a hold on big financial moves. But if you’re saving for retirement, a downturn could be one of the least expensive times to complete a Roth conversion. Missing this opportunity could cost you thousands of dollars in unnecessary taxes. Here’s why. The value of your investments determines how much of a Roth conversion is taxable. When markets fall, that value falls too, creating a temporary opportunity to convert the same investments at a lower tax cost.

A $1 million inheritance can immediately raise one big question: How should you invest it? But before choosing funds, stocks or other investments, there are important decisions that can shape how much of that inheritance you actually keep. Those first choices often have less to do with investing and more to do with taxes, timing and asset allocation. Next Steps: Estate planning can be overwhelming. We recommend speaking with a financial advisor.

Inheriting $500,000 in an IRA can seem like a life-changing windfall. But not knowing one important IRS rule could cost you thousands of dollars. The timing and size of your withdrawals can have a major impact on how much inheritance you ultimately keep. Fortunately, you have options to avoid an expensive mistake. A financial advisor can help you manage taxes on an inheritance and create a plan to invest it.

Client testimonials can be a powerful marketing tool for advisors, but they remain underutilized. A 2025 survey of 500 investors conducted by Wealthtender found that 83% of prospective clients want to read reviews of an advisor before contacting them. Leveraging financial advisor testimonials could help level up your marketing efforts and establish trust before you ever meet with a prospect face-to-face.

Digital marketing for financial services extends beyond investment advisors. Tax preparers, insurance agents and financial planners are among the professionals who can benefit from a unified marketing plan. Much of the advice shared online centers on the same set of tactics, but financial professionals who find fresh angles in the digital space may be better positioned to stand out.