The Low Down on Robo-Advisor

The trend toward online investing and advisory services, also known as robo-investing and robo-advice is gaining momentum, but industry participants are struggling to get a handle on how retail investors view and/or use robo-services to conduct their financial affairs.   Studies Abound Recent research conducted by major asset management firms has given some insight, yet often their findings turn up …

What You Need to Know About Generational Wealth Management

Discussing the transfer of wealth from parents to children can be uncomfortable for both parties. Yet by introducing your kids/grandkids to the wealth management process from a young age, affluent families may be able to diminish family tensions later in life and help ensure that the planning tradition passes intact to future generations. Closing the Communication Gap Opening the discussion …

Let’s Talk About Marriage…….

Marriage affects your finances in many ways, including your ability to build wealth, plan for retirement, plan your estate, and capitalize on tax and insurance-related benefits. There are, however, two important caveats. First, same-sex marriages are recognized for federal income and estate tax reporting purposes. However, each state determines its own rules for state taxes, inheritance rights, and probate, so …

I ain’t afraid of the DOL!

There has been a lot of talk surrounding the Department of Labor’s new fiduciary rules.  The gist of the whole thing is the fact that financial advisors will have to act as fiduciaries, meaning that they have to put their client’s interests first before their own. Wait a minute.   Isn’t that a financial professional is supposed to be doing? This …

How to Live Within Your Means

SPEND LESS THAN YOU EARN This may seem obvious; however, it must be said.  If you spend less than you bring home, then you will begin to accumulate wealth!  It is almost too easy to make purchases these days.  Within a minute, anyone can think of a product, order it on Amazon, pay for it with a credit card already …

Estate Planning for Those Living in Blended Families

Today majority of blended families live together peacefully without any issues. However, what if one spouse dies suddenly? How are the biological children of the deceased spouse placed in terms of inheritance? It is particularly important for blended families to discuss matters related to estate planning beforehand. Here are a few points that could help with estate planning for blended …