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Don’t invest too conservatively. Past performance cannot guarantee future results, but the value of the stock market tends to rise over time. Taking more risk offers possibility of higher returns over the long term. There will be market downturns, but in your early working years, you will have time to recover from market dips. Consider target date funds (aligned to your expected retirement year) or asset allocation funds (aligned with your risk tolerance) If you are not comfortable selecting investments.

Once you start carrying a balance over from month to month, card companies will charge you interest, often as high as 26-29% for cards with the most enticing perks. Soon it can become almost impossible to payoff the balance and the card companies can collect thousands of dollars in interest charges from you every year. This can be a financially dangerous path because it can snowball into a situation that is hard to get out of. A lot of credit card debt can financially cripple a young person who is just starting out.

A key question I often hear from clients is whether or not they will have enough $ to retire comfortably. This answer is different for each client – there is no “magic number.” So much depends on your lifestyle, health, family needs, where you live, travel plans and more. A general rule of thumb is 75% to 90% of current income in retirement, but this can vary widely.

How does the latest proposed savings account for kids in the "Big beautiful tax bill" compare to 529s?

My first rule for widows is: Do NOT make any major financial decisions in the first year your spouse passes away. Why? Because this is a highly emotional and stressful time and in my 35 years of helping folks like this, I can't think of too many times where doing so brought about a positive result.

When I start working with a new client, one of the first questions I ask is “What are your top three goals?” These are usually financial goals but they also often include life goals. That’s not surprising because money often helps us achieve our life goals. On a few occasions I’ve had a prospective client counter with a different question, “How much money can you make for me?” To me, this is the wrong question because achieving financial independence begins with figuring out what really matters to you. Only when you have figured out what really matters can you then determine how to get there—and that may or may not involve earning a rate of return that varies depending on your goal, timeframe, and risk tolerance.