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.
Although the term fiduciary has been around for a very long time, most have not heard of it until recently. Despite the enhanced visibility of the term, many people still aren’t entirely clear about its definition, let alone how the term impacts their own financial situation or choosing a financial advisor.
When looking at who’s who in the financial industry, it can be confusing. There are numerous job names, but it’s hard to know the differences among them. Read the article to learn more.
Comprehensive financial planning involves the detailed review and analysis of all facets of your financial situation. It is only through comprehensive analysis that your true financial condition can be determined and the proper plan can be recommended.
If you’d like to increase the likelihood of following through and achieving your carefully analyzed and planned financial goals, then you should create a written financial plan!
Downsizing your living arrangements has become a popular topic in the financial community and rightly so. There are many financial benefits to downsizing your home such as reduced expenses and increased cash flow.
More and more workers are leaving their full-time jobs and becoming part of the gig economy. Whether you are starting a consulting business working from home, a handyman service for seniors or creating an internet business, you are part of the gig economy.
Should you encourage a young person with aspirations of becoming a financial advisor to pursue their dream? Some people may be hesitant to choose a financial advisor career due to the various challenges facing you as a startup and the availability of online financial tools and automatic investment options available today. Think of financial advisors …
A financial advisor helps people plan, invest, protect and manage their hard-earned money so they can reach their financial goals. One of the challenges in finding and choosing a financial advisor is finding one that will put your interests first.