In this video, Becky Hoover, CFP®, CPA, CDFA®, Partner, Wealth Advisor, and Director of Financial Planning at Waverly Advisors, LLC, discusses the importance of planning with intention when it comes to saving—and how aligning your savings strategy with your goals may help provide greater clarity over time.
Many people focus on saving as much as possible, but fewer step back to evaluate how those savings are structured, where they are allocated, and how they may impact future outcomes.
In this video, Becky covers:
Why defining your financial goals is an important first step in planning to save
How different types of savings—taxable and tax-deferred—may affect your long-term tax picture
Why contributing heavily to tax-deferred accounts could have future tax implications
When it may be worth evaluating Roth contributions as part of your strategy
How withdrawal rules, penalties, and required distributions can influence planning decisions
Why aligning your savings approach with your goals may help provide more direction than simply “saving as much as possible”
Taking a more thoughtful approach to how and where you save can help support more informed financial decisions over time.
Music Credit:
Song: Olif – Be Yourself
Music provided by Vlog No Copyright Music
Video Link: https://bit.ly/3u2ON9O
IMPORTANT DISCLOSURES
The information presented in this document is for general informational and educational purposes and is not specific to any individual’s personal circumstances. Nothing in this document constitutes, or shall be relied upon as, investment, legal, or tax advice to any person. The information in this document is provided effective as of the date of its publication, does not necessarily reflect the most current status or development, and is subject to revision at any time. Investing involves risk, and past performance does not necessarily predict future results. None of Waverly, or any of its officers, members, or affiliates, in any way warrant or guarantee the success of any action that anyone may take in reliance on any statements or recommendations in this document.
Waverly Advisors, LLC (“Waverly”) is an SEC-registered investment adviser. A copy of Waverly’s current written disclosure brochure and Form CRS (Customer Relationship Summary), discussing our advisory services and fees, remains available at https://waverly-advisors.com/. You should not assume that any information provided serves as the receipt of, or as a substitute for, personalized investment advice from Waverly Advisors, LLC (“Waverly”). This information should be used as a reference only. Talk to your Waverly advisor, or a professional advisor of your choosing, for guidance specific to your situation. Please note: The scope of the services to be provided depends upon the needs of the client and the terms of the engagement.
Partner, Wealth Advisor, Director of Financial Planning
Becky joined Waverly in April of 2024 when McShane Partners was acquired by Waverly Advisors, LLC. She serves as Partner, Wealth Advisor and Director of Financial Planning. Becky was a "big four" tax consultant for over 25 years before transitioning to wealth management in 2019. She has advised individuals and businesses on complex tax and financial transactions domestically and internationally. As a wealth advisor she assists clients with financial planning, tax planning, executive compensation, and estate planning. She also advises clients on the financial impact of divorce including property settlements and spousal support.
