Your income is your single-biggest asset. It is critical that you protect it in the event that illness prevents you from working. A smart risk-management attitude is "It might happen to me." DI insurance is a great strategy for protecting your income in the event that you become too ill or disabled to perform the daily functions your job requires.
529 plans have traditionally been about the future. While using them in the present is now possible, it limits the plan's inherent tax benefits and you may be unwinding what you prepared for college. With college tuition rising on an annual basis, we cannot afford to let the use of a 529 plan in the present replace what it was initially designed to do.
A Backdoor Roth Conversion makes sense for some, but not for all. A strong financial strategy will help you know whether this tool will be of benefit to you when the time comes to make withdrawals from your retirement savings.
For us, the holidays are another opportunity to step outside of our Self and turn our focus toward others. It's something we strive to practice year-round, but the holiday season brings out unique opportunities to consider how we might show love to others.
Is it worth paying a financial consultant or financial planner to invest your money in the market, or are you better off investing on your own and avoiding the management fee?