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☆ 5 advisors offer important tips for managing your money in 2025
▼ + stars: | 2024-12-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Barry Glassman, Founder and president of Glassman Wealth ServicesCourtesy Barry GlassmanIt starts and ends with knowing where the money is going. It's important for everyone to address — even for an 18-year-old heading off to college in Fall 2025. This process also helps individuals track down retirement plans from former employers. Spend some time reviewing your tax strategies and retirement planning: Required minimum distributions: Do you 'need' them? Barry Glassman Founder and president of Glassman Wealth Services2.

Persons: Kamila Elliott, Max, Barry Glassman, Marguerita Cheng, Cheng I'm, Roth, Lee Baker, It's, Cathy Curtis Organizations: Allianz, CNBC, Wealth, CFP, Wealth Partners, Apple, Blue, Finance, Claris, Federal Reserve, Curtis Locations: Atlanta

☆ Here's what should be on your financial to-do list for 2025, top advisors say
▼ + stars: | 2024-12-30 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Rgstudio | E+ | Getty ImagesWhen it comes to financial resolutions, paying down debt is at the top of many to-do lists for 2025. But financial advisors who work with clients every day have their own wish lists for what they think should be top financial priorities for 2025. "Start slow and manageable with any new financial goals," said Lee Baker, a certified financial planner and founder, owner and president of Claris Financial Advisors in Atlanta. Bringing awareness to your spending can help ensure that you're making the most of the money you're taking in, advisors say. "Think about all the things that come up over the course of the year and plan for it early," said Baker of Claris Financial Advisors in Atlanta.

Persons: Lee Baker, Jude Boudreaux, Rianka Dorsainvil, it's, Ted Jenkin, Jenkin, Carolyn McClanahan, McClanahan, Cathy Curtis, Curtis, Lazetta Rainey Braxton, Tim Maurer, Maurer, Baker Organizations: CNBC FA, Claris Financial, YGC Wealth, Planning Partners, Curtis Financial, The Locations: Atlanta, Rome, New Orleans, Jacksonville , Florida, Charlotte, North Carolina

“My POV on the risks and benefits of bitcoin hasn’t changed much, if at all,” said Samuel Deane, president and CEO of Deane Wealth Management, a financial advisory firm. While he’s a long-term bitcoin investor himself, clients who’ve added crypto to their portfolios are “doing it on their own after we establish the proper guardrails,” he said. “First understand the basics of bitcoin as a decentralized digital currency,” he advised, which includes taking stock of its volatility. He said he advises first-time crypto investors not to allocate more than 2% of their portfolios to bitcoin. For the crypto industry, “Gensler’s departure in and of itself was a positive,” said Isaac Boltansky, a director of policy research at the financial firm BTIG.

Persons: Donald Trump, hasn’t, ”, Samuel Deane, I’ve, Trump, David Sacks, Paul Atkins, Atkins, Deane, who’ve, “, that’s, Lee Baker, you’ve, ” Baker, he’s, Baker, Jerome Powell, it’s, “ it’s, ” Crypto, Gary Gensler’s, Joe Biden, Isaac Boltansky, Gensler, Boltansky, He’ll, Hester Peirce, Mark Uyeda, George W, Bush, Kevin Mahoney, “ That’s Organizations: Deane Wealth Management, White, Securities and Exchange Commission, Claris Financial, SEC, Federal, FBI, Senate, Commodity Futures Trading Commission, Republican Locations: America

☆ Investors should stay with their long-term financial plans no matter who is in the White House, advisors say
▼ + stars: | 2024-11-11 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +2 min

Yet, Wall Street's reaction to the election outcome does not reflect how many Americans feel about the state of their personal finances, some financial experts say. Feelings, however, should not overshadow anyone's focus when assessing the potential impact of a second Trump presidency when it comes to finances, advisors say. "Stick to your long-term financial plan, adjusting only when your personal circumstances or goals change." However, improving your personal economy is possible by taking better control of your money, experts say. Increase savings goals Boost savings goals in accounts that also offer tax breaks.

Persons: Sharon Epperson, Stocks, Donald Trump, Rianka Dorsainvil, Dorsainvil, Roth, Roth IRAs, you've, Lee Baker, Joe Biden Organizations: Federal Reserve, Dow Jones, Nasdaq, Trump, YGC, CNBC, Financial, U.S, Reuters Locations: Atlanta

☆ Here's what a new Trump administration could mean for your money, financial advisors say
▼ + stars: | 2024-11-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Leah Millis | ReutersNow that Donald Trump has been elected president, many individual investors are wondering what that means for their money. Yet, when it comes to long-term performance of the markets and policies that Trump proposed on the campaign trail, financial advisors say it's best to take a wait-and-see approach before making any big money decisions. Lee Baker, a CFP and owner of Claris Financial Advisors in Atlanta, said he's also told clients not to make wholesale financial changes now. Many investors expect Trump to lead with faster economic growth and more market-friendly policies, said Francis during a Friday webcast on what Trump's presidency could mean for investors' money. While those policies would put more money in Americans' pockets, Francis noted, other experts say it's too soon to count on those changes.

Persons: Donald Trump, Leah Millis, Trump, Jude Boudreaux, Boudreaux, Lee Baker, he's, Baker, I've, Stacy Francis, Francis Financial, Francis, it's, Marguerita Cheng, Cheng, Trump's, David Haas, CNBC.com Organizations: Trump, U.S . Capitol, Reuters, Dow Jones, CNBC FA, Claris Financial, Francis, Blue, Global Wealth, Social Security, Cereus Financial, Security Locations: U.S, Washington , U.S, New Orleans, Atlanta, New York City, Gaithersburg , Maryland, Franklin Lakes , New Jersey

☆ How investors can prepare for lower interest rates: It's 'like getting a haircut,' advisor says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Lower interest rates are "generally positive for stocks," said Marguerita Cheng, a CFP and chief executive of Blue Ocean Global Wealth, based in Gaithersburg, Maryland. Considerations for cash, bonds and stocksFalling interest rates generally means investors can expect lower returns on their "safer" money, advisors said. High interest rates have meant investors enjoyed fairly lofty returns on these lower-risk holdings. Winnie Sun co-founder and managing director of Sun Group Wealth PartnersHowever, such returns are expected to fall alongside declining interest rates, advisors said. "They'll be crying in six months when interest rates are a lot lower," she said.

Persons: Jerome Powell, Andrew Harnik, Winnie Sun, Lee Baker, Powell, Stephen Brown, Marguerita Cheng, Sun, Powell didn't, Ted Jenkin, Carolyn McClanahan Organizations: Getty, Sun Group Wealth Partners, Financial Advisors, Finance, North, Capital Economics, Blue, Sun Group Wealth, Planning Partners Locations: Irvine , California, Atlanta, Jackson Hole , Wyoming, U.S, North America, Gaithersburg , Maryland, Jacksonville , Florida

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