Healthy people think disability is something that happens to other people. We get up every day and go to work. We are able to care for our family without a lot of stress. But becoming disabled, even for a short period of time, is more common than you may think. This is where you need to have short- and long-term disability insurance.
There are two basic types of trusts. We will define and discuss revocable or living trust vs irrevocable trust. Learn more about each and how to choose the right one for you.
A sinking fund is a strategy for helping you set aside money for specific, large expenses. It helps soften the hardship of a large expense in the future. Simply put, a sinking fund is a fancy way of saving for something today that you anticipate having to spend significant money on tomorrow.
No one likes to talk about estate planning. Many people may feel they don’t really need it or they are too young and feel they have a lot of time to plan. Or you may feel a simple will is enough, right? Not really.
In life, most people aren’t financially savvy. Everyone has a different skill set and some people just aren’t naturally prone to being good with money. As a result, too many people in our country never achieve financial success.
People make various financial mistakes during their retirement years. But some are more common than others. Read below to learn the four most common financial mistakes made during retirement that you should avoid.
It’s never an easy conversation to have, but you and your spouse need to prepare financially in the event you are faced with the unexpected death of your spouse.
Estate planning is hard for families to begin with. Given the dynamics of blended families, estate planning sooner than later is important for your peace of mind.
Estate tax and inheritance tax sound like they may be the same thing. An estate is what you leave to your beneficiaries as an inheritance, right? But in reality these two taxes are not the same.
A systematic savings plan is a process or system of automatically saving a portion of your income on a regular basis. Automatically having money moved to a savings account removes the temptation to divert funds to something less important.
Teaching kids to be financially savvy is a critical life skill. Money affects quality of life, relationships, marriages, children and what you can do for others. Remember, the more money you have, the more you can give to others and do good in the world!
There’s a significant number of people out there who are financially savvy. And it’s understandable some of those individuals don’t think it’s worth it to hire a financial advisor. But there are a myriad of reasons why those people (and of course the less financially sophisticated folks) should hire a financial advisor.