Below you'll find a list of all posts that have been tagged as “Financial Planning”
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 …
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 …
When do you want to retire? Yesterday? Is your money going to last? It’s simple. Just tell me when you are going to die and we can come up with the perfect plan for your retirement. If you are like most of my clients, you are working away and putting away money for that future retirement date. But what if …
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 …
“You are worse than the Dentist.” It’s tax time. According to some of my clients-one of the worst days of the year. Most of my clients are patriotic Americans, but they don’t want to pay more taxes than they have to. Over the years I have noticed most of my clients initially focus on deductions. Should I buy a house …
If you are a consistent planner for the future, then you should have been in an excellent financial position when you touch your 40’s. Most of us, however, are not. It is clear that we have a lot of catching up to do. Remember, financial planning is one of the most important actions at this juncture in your life. If you are …
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 …
Most people associate estate planning with the land. The truth is everything that you own can be termed as your “estate”. Your home, your car, your furniture, your bank accounts, any and all investments and your possessions, they’re all a part of your assets. Being valuable, and close to your heart, what happens to them later is something that you …
Settling an estate can turn out to be a tough process for anyone, especially the individuals most affected by the death. If you are aware of the state laws, and follow a few practical steps, then the process will flow much faster for you. The meaning of settling an estate whether it is located in Chandler, Gilbert, Mesa, Phoenix or any …
Having the choice to retire requires financial freedom. Proactive retirement income planning can help you pursue this freedom. Here are 3 simple steps to help you start planning right away: Define your Retirement Goals Develop a Plan to Generate Income Review your plan annually Define your Retirement Goals Whether you’re looking to better your health or your financial security, establishing …
