Financial Planning and Advice Blog for Syracuse

Want to keep up with the latest news in the financial sector? HighPoint Advisors in East Syracuse, NY makes sure all our clients have the latest up to date financial information to better plan for their future. Feel free to browse the blog below to learn more about the current financial market.
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The Millennial’s Guide to Financial Adulting

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By Sarah Flick September 25, 2019

It happens quickly – you trade in your graduation cap for your first real job, first apartment and perhaps your very first car. But six months after graduation day, that first student loan payment arrives, and almost instantly, you feel overwhelmed. You knew adulting would be tough, but you had no idea how difficult it would really be until that very moment. More than any generation that came before, millennials are facing the highest rents, highest home prices and highest college costs. When you consider these factors, it makes sense why so few young people feel financially secure. Fortunately, you’re not alone. Financial professionals Joseph Viviano, AJ Loedel and Patrick Newton of HighPoint Advisors understand the challenges millennials experience all too well. And they want you to know that a lot of what makes adulting so hard is actually what financial advisors do, like creating a budget, saving for a first-time home purchase, and managing an investment portfolio.“After graduating college, likely with thousands of dollars in student loan debt, many young people ask, ‘Where do I start?’” says Loedel. Even after you’ve established yourself as a young professional, it's easy to feel lost, confused and alone when it comes to financial planning. You may assume you don't have enough money to speak with an advisor or that your questions are too basic. However, with the help of a financial advisor, millennials can start adulthood off on the right foot. (more…)...

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In the Driver’s Seat

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By Sarah Flick September 13, 2019

When it comes to investing for retirement, it’s up to you to decide how to manage your plan.Your company offers a major benefit through its retirement plan — a powerful vehicle that helps you save. It’s up to you to decide how to make the most of its many features, including deciding on your investments. But you don’t have to go it alone... whether you want to “do it yourself,” have a professional “do it for you” or “get some help doing it,” most plans offer a wealth of resources to get you started and keep you on track.

Drive the “car” yourself

If you’re interested in learning about the investment markets and comfortable making the choices that are right for you, you may want to be more involved in managing your plan. When you choose to “do it yourself,” you: • Mix and match individual funds from your plan’s investment menu. • Select an asset allocation fund that invests in accordance with your tolerance for risk, and then decide when you want to change to another fund when your risk tolerance or new financial circumstances warrant. • If you are interested in an “all-in-one” type of investment that automatically invests according to your time horizon to retirement and beyond, you may want to consider a target-date fund. (more…)...

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