Estate Planning
What is Family Wealth Counseling and Why Should I Care?
Family wealth counseling is a different approach to estate and financial planning that has emerged over the past several years.
5 Mistakes to Avoid in Beneficiary Designations
Naming a beneficiary can be an easy way to ensure your loved ones will receive their inheritance directly without waiting until the rest of your estate has settled. But beneficiary designations can also be problematic so you should make sure they are correct since mistakes can be costly. Here are five critical mistakes to avoid when dealing with your beneficiary designations.
Differences Between Financial Planning and Estate Planning
If you are new to financial services you may be asking yourself if there is a difference between financial planning and estate planning. They may sound similar but they are vastly different. Let’s go over the differences and answer some questions you may have.
Digital Assets – What Are They and Why Do They Matter?
Digital assets – what are they? Why do they matter? How are they handled by an estate? Here are some ideas to protect your digital assets after you’re gone.
4 Important Reasons to Prepare a Family Love Letter
When a spouse or partner passes away, it can be a traumatic event. Whether it was expected due to a long illness, or sudden and unexplainable, family and friends will experience grief.
Recent Posts
Do I Need to Enroll in Medicare if I’m Still Working?
As a financial advisor helping clients with their Medicare decisions, I’m frequently asked if they need to enroll in Medicare while working. When I provide the answer, I’m often met with, “Well, that’s not what my friend said.” And that isn’t surprising.
What Is Risk Tolerance and Why Is It Important?
When you hear the term “risk” in a conversation, your heart may skip a beat. The thrill of doing something risky can be very tempting for some people. I have a niece who wanted to experience sky diving. I thought, good for her! But I knew that thrill wasn’t for me. When it comes to your money, the term “risk” may cause a different type of excitement. For some, it may be downright scary. In financial planning, the phrase “risk tolerance” is one of the many pieces of financial jargon that is often misunderstood. Let’s shed some light on risk tolerance and why it’s important to know yours.
Financial Fraud Against the Elderly
As the American population ages, we can count on two things – the likely increase in cognitive impairment and the increased instance of, and losses from, financial fraud against the elderly.
How to Manage Debt in Retirement
Recently I read a few articles addressing increases in the amount of debt held by retirees. Carrying debt into retirement isn’t necessarily a bad thing if you have enough cash flow to pay your bills and live comfortably. However, increasing debt levels could derail an otherwise well-planned retirement. Let’s talk about some common causes of debt and how to manage debt in retirement.
What Does A Financial Planner Do and When Do I Need One?
When you’ve got financial questions, the internet probably has some answers. Your friends and family may also offer advice. But is any of that advice right for you and your situation?
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