Your investment strategy and estate plan should keep pace as your views evolve. Time changes our perspective on many things, including our finances. Perhaps you used to think that money would solve all your problems, or that you didn’t want to spend your time and energy thinking about your finances. You’ve lived, and you’ve learned.
As you head into retirement, it makes sense to reevaluate your insurance coverage and make sure it’s sufficient. Now that you’re about to retire, it’s an excellent opportunity to take a fresh look at your life insurance coverage. It might be that you can give up a policy or two, or that you can change
Know your options for transferring assets. Some wealthy individuals begin or revisit their estate planning in response to a life event; others do so when their business or career changes. In either case, some key questions need to be asked. What assets are most vital to protect, and how are they titled? In pursuit of
Also referred to as a conservator or protector. A guardian is named to serve for the benefit of a minor child or an adult who has become incapacitated or is unable to act on their own behalf. The guardian is responsible to the individual requiring guardianship. The role requires patience, compassion and sensitivity. By Definition:
As you retire, how do you want to move forward with your life? The biggest retirement questions are not necessarily financial. They concern purpose, well-being, and the meaning of life. You should know “what’s next” as you leave work. This is important. If your personal identity is closely tied to your career or business and
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
While market declines, corrections and downturns can be disheartening, they can also be opportunities for investors with workplace retirement plan accounts, IRAs or any long-term investment programs that use dollar-cost averaging. Dollar-cost averaging is a method of investing a fixed amount of money at regular intervals. It works the same for everyone, regardless of investment
Careful planning in the months before retirement can help you ensure a smooth transition. Key Points You should try to reduce or eliminate credit card debt before you retire. Make sure to determine which accounts you will withdraw from first. Remember to work with your financial advisor to develop an appropriate asset allocation strategy By
Americans are living longer, healthier, and more active lives than past generations, and they want to ensure their healthcare and domestic needs are met. That means saving for a longer retirement is critical. Everyone has different circumstances. Fortunately, a diverse array of options is available to address your individual needs and aspirations. A skilled financial
