Financial Blog
Find helpful resources on everything from relocating and learning a new tax code to how to plan for your retirement at Horizons Wealth Management. Check out our latest blog post for helpful tips and considerations no matter where you are on your financial journey.
How to Roll Over a 401K
How to Roll Over a 401(k) Rolling over a 401(k) into a new retirement plan can make managing your retirement assets easier and, in some cases, can provide significant financial benefits to investors when they change jobs or experience another life-altering event. Whether you want to merge an old 401(k) with a new employer’s plan, […]
What’s the Difference between a Will and a Trust?
Estate planning can be complex, as it combines the challenges inherent in managing an individual’s financial assets with the emotional challenges of navigating their final wishes before death. Fortunately, there is a vast range of options available for planning your estate, covering every imaginable combination of assets, beneficiaries, and liabilities. Key Takeaways Trusts and wills […]
What are the Different Types of Annuities
What are the Different Types of Annuities? Annuities are a contract between an individual and an insurance company in which the individual pays a premium (or multiple premiums) to the company. In exchange, the company pays a fixed or variable income stream to the purchaser. Annuities are most frequently used for retirement income or to […]
Creating a Trust Fund for a Child
How to Set Up a Trust Fund for a Child A trust fund is a great way to set your child up for financial success. It provides a safety net for their future, money for their education, ownership of family property, and more. You are in control of the rules and timeline under which the […]
How to Become a Millionaire
How to Become a Millionaire Most people hear the word millionaire and think of an unattainable, super-rich type. But building your wealth to become a millionaire is achievable through time, determination and smart financial planning. These steps are not get-rich-quick schemes, but long-term strategies that are generally reliable and accessible for most individuals. Key Takeaways […]
Questions to Ask a Financial Advisor
For many people, the journey to financial stability begins when they meet with a financial advisor. No matter what your assets look like, how many people are in your household or what you hope to accomplish with your finances, finding the right advisor is a crucial first step in achieving those goals. Key Takeaways Asking […]
What is Wealth Management?
What is Wealth Management and Is it Right for Me? Wealth management is a tool used by high-net-worth individuals to plan for their financial future and ensure their assets are being used safely and effectively. It is usually only necessary in cases where a client’s liquid assets exceed $1 million and their financial situation has […]
Is Social Security Running Out?
Social Security represents an important source of income for millions of Americans who paid into the system during their working years. Despite contributing thousands of dollars to the program on average, many people have concerns about the future of the Social Security Administration. Estimates from the SSA itself suggest the trust funds used for benefits […]
What is an Investment Manager?
Navigating the ever-changing financial landscape can be complicated and confusing. Most people want to invest and plan for their future, but they don’t know how. From understanding stocks and bonds to retirement accounts, it can quickly become overwhelming for the average person. According to the Investment Advisor Association’s 2024 report, demand for investment management services […]
How to Build Wealth in Your 50’s
Key Takeaways Focus on eliminating high-interest debt to free up resources for savings and investments, setting a solid foundation for retirement. Trim excess expenses to increase funds available for investing in your retirement fund, laying the groundwork for financial security. Maximize “catch-up” contributions to tax-advantaged accounts, enhancing your nest egg with the help of professional […]