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Inheriting a large sum of money can be a life-changing event. It may be fun to spend the money right away, but it is important to take a step back and consider your values and goals.

As retirees shift from saving during the accumulation phase to spending in the distribution phase, they frequently face emotional hurdles and uncertainties. In this FAQ, we explore typical concerns and present practical strategies to help navigate this pivotal life transition.

Nearly a quarter of Americans prefer to take their vacations during the winter. But what if you’re retired and want to stay longer? Consider becoming a “snowbird.”

While discussing finances with your partner can be a sensitive topic, it doesn’t have to be. In fact, having conversations about financial planning can be informative and even enjoyable, helping couples determine if their financial goals align.

Supporting adult children financially while encouraging their independence is a common parental challenge. The level of support – from monthly assistance to down payments – impacts family relationships and future financial habits.

Federal funding cuts have sparked concerns about job security and financial stability for many, including those not directly reliant on government funds. A proactive approach emphasizes assessing your finances, adjusting your plan, and staying flexible to help protect your financial future.

As tax season approaches, many individuals review their income, assess their retirement savings strategy, and determine the best ways to maximize their contributions. For some, this includes deciding whether to contribute to a Traditional IRA or a Roth IRA – and the potential use of a Backdoor Roth IRA.

SECURE Act 2.0 has significantly altered retirement plans, with many provisions taking effect soon. Plan sponsors must stay informed of these evolving regulations. Upcoming changes like mandatory auto-enrollment, expanded part-time employee eligibility, and catch-up contribution adjustments can present compliance challenges.

While increased retirement confidence and improved emergency savings signal progress, financial stressors continue to impact employees’ financial well-being.

Over the last 30 years, the divorce rate for couples over 50 has doubled, according to the Pew Research Center. There are many theories about the primary causes of this trend, including empty nest syndrome, boredom, and growing apart. No matter the reason, deciding to divorce later in life can have significant implications on your retirement plan, specifically your Social Security benefits.

Your advisory relationship is one of the most valuable partnerships you can have. By staying engaged, communicating openly, and leveraging Savant’s full range of services, you’re potentially setting yourself up for long-term financial wellness.

The LTI grant season is a critical time for executives to evaluate how their compensation package aligns with their financial goals, career trajectories, and risk tolerance.