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 …

What are you crossing off your bucket list?

A river cruise in Europe. RVing the lower 48 states. Scuba diving in Bali. Spending the night on the ice in Antarctica.  Yes, that Antarctica.  I have a client did it.   It was something that she always wanted to do.   Where do you want to go?  What do you want to do? Can you visualize what it would look …

More Women Drive Financial Decision Making, But Fewer Seek Professional Advice

By default, single women have always taken responsibility for managing household wealth, but the latest in a series of ongoing studies into the attitudes and actions of women around financial topics found that an ever-increasing percentage of married women are taking charge of financial and retirement planning for their families. Prudential’s “Financial Experience & Behaviors Among Women 2014-2015” — which …

Women, Wealth, and Legacy Planning

Whether nurturing the values of children, fulfilling charitable goals, or making investment decisions that affect their own as well as their beneficiaries’ financial security, women play a central role in establishing and preserving family wealth. Consider these statistics:1   Women now control more than half of the investment wealth in the United States. 48% of estates worth more than $5 …

Disability Insurance VS Long-Term Care Insurance?

Disability insurance addresses lost wages that stem from an inability to work. Long-term care insurance, in contrast, addresses expenses associated with medical care provided to you in your home, a nursing home, a rehabilitation center, or an assisted living facility. Disability insurance policies may address either short-term or long-term needs for income. Short-term disability policies provide coverage on a temporary …

Long Term Care Insurance: The Real Cost of Aging

There is a good possibility that you or your spouse will eventually require some form of long-term care. According to the U.S. Department of Health and Human Services, about 70% of people aged 65 or older will enter a nursing home for some period of time during their lifetimes.1 Whether you or your spouse will be among this group is …

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 …