When Spouses Combine Finances

After you marry, to what degree should your financial lives be shared and how do those finances affect your relationship? Many couples who marry also wed their finances together. Whether they partly or fully merge their finances, many couples may see more advantages than disadvantages to taking this step. Some young married couples decide to create joint accounts early. Without …

Missteps That May Negatively Impact Estate Plans

Inattention and procrastination can hurt family wealth. Some estate planning is better than none, but sometimes people address wealth transfer issues inadequately or ineptly when they tackle the task. Here are some classic miscues. Waiting too long. A wealthy individual may postpone estate planning until too late in life, which may present obstacles due to diminished faculties or declining health. …

Build a Solid Financial Foundation

Creating a solid financial foundation can help investors stay focused no matter how the markets are performing. When the markets and the economy are behaving badly, as they tend to do from time to time, it’s easy to feel helpless. But creating a solid financial foundation can help you gain control of your investments and possibly avoid mistakes that can sabotage …

Smart Financial Moves in Your 40’s and 50’s

These crucial years call for action. Today, retirement may seem nearer to you than it once did. The following moves might be worth making—and soon. Catch-up contributions to your retirement accounts. Starting in the year you turn 50, you may make a total of $1,000 in catch-up contributions to your IRAs each year and put an extra $6,000 per year …

Service Specialist or Advisor?

With the Department of Labor’s proposed changes, a lot of firms have changed the way that they do business.  This is, in theory, is a good thing, as financial advisors now must act in a Fiduciary capacity. In other words, they should put the client’s interests before their own.  Ironically, there has been an unintended consequence for some:  the lack …