Remove Government Remove Insurance Coverage Remove Risk Tolerance
article thumbnail

How to protect your Cash

MainStreet Financial Planning

Even though the federal government has rescued SVB and guaranteed all deposits over the FDIC insurance limit of $250,000 per account, that doesn’t mean they will be doing it again for other banks. Let’s review and recap how Federal Deposit Insurance Corporation (FDIC) insurance works and what other alternatives are available.

article thumbnail

Top Insights Driving Financial Planning Strategies in 2025

WiserAdvisor

Comprehensive financial planning involves budgeting, investment planning, tax optimization, debt management , insurance coverage, retirement strategy, and even estate planning. On the other hand, a young person who relies on freelance work or part-time jobs and does not have a stable income might not have the same risk tolerance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Battle of Advice: ChatGPT vs. a Financial Advisor on Retirement Planning

WiserAdvisor

They will have access to more detailed information about your assets, income, expenses, and risk tolerance, which is crucial for crafting a comprehensive retirement strategy. Manage Investment Risk: Reevaluate your investment portfolio to align with your retirement timeline and risk tolerance.

article thumbnail

Is M1 Finance Safe? (Legit Place to Invest Your Money)

Good Financial Cents

Portfolio Analysis: M1 Finance’s portfolio analysis tools can help you understand your risk tolerance and invest accordingly. FDIC Coverage. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the US government that provides deposit insurance for banks and credit unions.

article thumbnail

How to Build a Retirement Plan That Covers Your Healthcare Needs

WiserAdvisor

Each of these options comes with its own benefits and limitations, which is why understanding their coverage in detail is essential. Original Medicare (Parts A and B) is the traditional government-provided option. It is also wise to assess your risk tolerance and whether you might need more intensive care down the line.

article thumbnail

6 Financial New Year’s Resolutions for 2023

WiserAdvisor

Pick a low-risk option that shields your money from market ups and downs. In addition, ensure you have adequate insurance coverage. Choose the right insurance products based on your age and financial needs. Choose investments based on your risk tolerance.

article thumbnail

The 8 Best Guaranteed Interest Investment Accounts for Your Money

Good Financial Cents

The issuing institution offers the guarantee, like a bank, credit union, or government agency. However, a guaranteed rate doesn’t mean that the investment carries no risk or that the return will be higher than other investment options. TIPS are considered a low-risk investment option as they are issued and backed by the U.S.