It may seem like forever ago, but it was only a little over a year (Sept 2017) when we were all shocked by the major Equifax Data Breach. The breach resulted in more than 145 million people’s personal information, like Social Security numbers and birth dates, being compromised. That is almost half of the entire United States! And, yet, even more worrisome, AARP found that just 14% of the 2,000 compromised individuals it surveyed actually took steps to freeze their credit.  

Lake Road Advisors, a fee-only financial planning firm in Upstate New York, has partnered with Vestwell in order to provide comprehensive, customizable, and more affordable retirement plans for small business owners and their employees. This partnership brings a new investment solution to clients of Lake Road Advisors, who are often young professionals and entrepreneurs looking for financial security.

A sound investment philosophy is important, however, increasingly important is your behavior about money. After all, it’s the actions and decisions you make with your money that determine your financial success.

It’s October, which means annual open enrollment opens soon for many people, so now is the perfect time to start re-evaluating your benefit needs. Outside of qualifying events like having a child or switching employers, it’s almost impossible to make a change in your coverage outside of the open enrollment period so it’s critical that you take the time to make the right selections. 

To help you prepare for this year’s open enrollment season, here is a list of questions to consider when choosing your benefits. 

If you’re a college graduate that can’t seem to get your foot in the door, these practical tips should help.

If you have ever thought about hiring a financial planner, it may have been for one of these common issues. Perhaps you are looking for help to better understand investing and the markets, or maybe you need to get on track financially or are close to retirement and need to know if you will be ok.

Understanding the different ways investment vehicles are treated from a tax standpoint can be tricky business. Terms like ‘tax-deferred’ and ‘tax-deductible’ can be confused or misunderstood given the gamut of financial jargon that peppers almost any financial literature. But knowing how certain retirement savings tools are taxed can go a long way at helping you build a tax-efficient investment strategy. After all, whatever you save in taxes can be allocated towards funding your financial goals.

How is your financial advisor compensated? This should be at the top of your considerations when selecting a financial professional.

Have you ever noticed how many people call themselves a financial advisor? Anyone can use the title financial advisor, but there’s something you should know.