generational wealth management arizona

Family Wealth Management: Tips for A Successful Transition Between Generations

Key Points Develop a family financial map Communicate early and often  Be clear about your expectations and values  Introduce your heirs to your financial advisor  Avoid this unfortunate inheritance situation It’s not an uncommon scenario: The parents pass away and leave the family home to the children, Joe, Bill and Marie. Joe wants to keep…

what to do with my 401k laid off

Managing a Job Layoff

Key points Work closely with your financial advisor to establish spending priorities and determine the best options for managing retirement assets.  Apply for unemployment benefits immediately. There are strict deadlines that can’t be missed.  If possible, don’t let health insurance lapse. Without insurance, a health crisis could seriously jeopardize your financial stability.  Consider deferring debt payments…