In a world filled with constant financial news and advice, it’s easy to feel overwhelmed by the sheer volume of information. However, meaningful financial progress often comes from sticking to tried-and-true principles, like conducting a year-end financial review. Taking time to assess your financial picture now can help you make small adjustments that yield significant long-term results.

Here are seven key areas to consider as you wrap up the year:

Beginning in 2024, businesses will be required to comply with the Financial Crimes Enforcement Network's (FINCEN) new Beneficial Ownership Information (BOI) reporting rules. If you own or manage a business, you may need to file under these new regulations. This rule aims to increase transparency and prevent the misuse of anonymous entities for financial crimes such as money laundering.

Each year, US Medical Specialties, Inc., an international medical consulting firm, assists physicians and healthcare professionals in finding community-based, "doctor-friendly" wealth advisors. Ryan Bayonnet of Hyland Financial Planning has been recognized by MD Preferred for his dedicated service to physicians.

Do you know how much your cash is earning for you right now? If your money is sitting idle in a non-interest-bearing account, the answer might surprise you. In today's rising interest-rate environment, leaving cash languishing in a checking account or traditional savings account can actually be costing you money.

Adding a Health Savings Account (HSA) into your financial plan can yield substantial benefits as you prepare for retirement. Let's delve into the intricacies of HSAs and how they can optimize your retirement savings.

OPERS stands for The Ohio Public Employees Retirement System. This is a retirement pension system offered to public Ohio employees that replaces the standard Social Security system. As an employee, you contribute 10% of your annual salary towards your OPERS retirement and your employer contributes another 14% of your annual salary.

Earlier this month, Hyland Financial Planning partnered with the Financial Planning Coalition in speaking with members of Congress. The goal of this meeting was to advocate for policy measures that ensure financial planning services are delivered in the best interests of the public and to enable the public to identify trustworthy financial advisors.

Most homeowners are familiar with Part I of their homeowners insurance policy, which covers damage to their property. However, many policyholders may be surprised to discover the extent to which Part II protects them. Part II of their homeowners policy covers against liability incurred by injuring or damaging the property of another person.

Many 401(k) investors end up making the same mistakes when choosing their investments. The results are low returns and unbalanced portfolios. Avoiding these four mistakes is a good start for getting more out of your 401(k).

​In 1769, the French engineer, Nicolas Joseph Cugnot, built the first steam-powered motor vehicle. Two years later, Cugnot crashed one of his inventions into a wall—constituting what is generally considered to be the very first “car accident.” It took over 100 years for the first automobile insurance policy to come into being—the year was 1898. In those days, the policy was intended to cover drivers against accidents with horses.

Auto insurance, although not required in all states, generally covers cars and people against more than just accidents. Possibilities of theft, damage from natural disasters and potential injuries to passengers, pedestrians, and other drivers demonstrate the importance of proper coverage.

Kelly and Bob regularly set aside a small portion of their budget for charitable donations. In addition to feeling good about supporting a number of worthy causes, they’ve been able to deduct the value of their charitable gifts from their Federal income tax return. Now, the couple thinks it is time to make a larger charitable contribution. Their intention is to donate some stock they purchased years ago for $1,000 that has since increased in value to $50,000.

The world of investing can be overwhelming, especially when it comes to understanding the various stock market indices. Four prominent indices that often grab headlines are the S&P 500, Nasdaq, Dow Jones Industrial Average (DJIA), and Russell 2000. In this blog post, we will unravel the distinctions between these major stock indices, shedding light on their composition, purpose, and significance in the financial world.

If you're a high-income earner looking to maximize your retirement savings, the Backdoor Roth IRA strategy may hold the key to unlocking significant benefits. In this blog post, we'll explore what the Backdoor Roth IRA strategy entails, outline its advantages, and provide a step-by-step guide on how to implement it.

The Internal Revenue Service (IRS) has recently revealed updates to contribution limits for various retirement plans, impacting both employer-sponsored plans and individual retirement accounts (IRAs).

In the year 1960, "The Magnificent Seven" became a Western classic. Fast forward to 2023, and we witnessed a different kind of magnificence in the stock market. Technology giants like Amazon, Apple, and Microsoft, formed the modern "Magnificent 7," dominating market gains and pushing the broader market to new heights.