Author: Plancorp Team

What is FedNow: An Overview of the Federal Reserve's New Instant Payment System

With the rise of instant payment services like Venmo, PayPal, CashApp, and Zelle, the Federal Reserve has responded with a new offering. Read more…

What is Retirement Planning and How Does it Work?

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10 Reasons You Shouldn't Do Your Own Investing: What We've Learned Over 40 Years in the Market

With so much information on market trends and investing strategies seemingly easily available, managing your own investments might seem appealing. The idea of DIYing is one worth investigating, particularly for those with a strong interest in their finances. Read more…

3 Important Wealth Management Statistics

Entrusting the management of your portfolio to a financial advisor is a tough decision, but there is hard data that highlights the benefits that a seasoned wealth manager can provide. In the U.S. alone, there are over 330,000 financial advisors, and that number is expected to reach nearly 400,000 Read more…

Different Types of Financial Advisors

Navigating the world of wealth management can be overwhelming and time-consuming. It also requires a certain level of financial expertise when dealing with investment risks. Read more…

Should I Buy or Lease a Car?

A recent deep-dive into the true costs of car ownership found that the average car owner logs 13,500 miles on their car every year. That number of miles can put big-time stress on your vehicle and cause costly repairs, not to mention the additional expense to register, insure, and fuel your car. Read more…

How Backdoor Roth Conversions Work

Roth IRAs are an essential part of a diversified retirement plan. The most significant benefit of a Roth IRA is its potential to deliver massive tax savings over time. Read more…

Maxed-Out 401k: Your Next Steps and Strategies

Congratulations! You have successfully reached a significant financial milestone that many aspire to but few achieve: a maxed-out 401(k). This is a great achievement on your journey toward a secure retirement plan and should be celebrated. Read more…

FDIC and SIPC 101: What Does FDIC and SIPC Cover?

Growing your wealth is important. So is safeguarding it. This is where insurance for your financial accounts and assets comes in. Read more…

The Importance and Definition of Financial Planning

Did you know that most Americans don't have a solid financial plan or enough emergency savings in place? In fact, only 30% of households in the U.S. have financial plans. This staggering figure underscores just how essential financial planning is—even for those who feel they have their finances Read more…

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