Many financial planning objectives can be accomplished through the utilization of trusts. Here are several of the most common types of trusts and a brief overview of their purpose:
Is there another crisis looming? We have been getting this question quite a bit recently from clients, as well as from other professionals in our network. This is a good question. After all, many things can go wrong.
This article discusses several simple items that can help ease the estate settlement burden on your heirs.
We are often asked the question, “How much money do I need to retire?” While it is impossible to answer this question definitively as every situation varies, we do maintain mental benchmarks that are based on a number academic studies as well as our overall experience conducting Retirement Feasibility Analyses for clients.
One of the most important financial decisions people face with regard to retirement planning is when to start taking their Social Security retirement benefit. Making the most of this decision requires careful consideration of a number of variables including tax, cash flow and even elder care issues. The economic downturn has forced many families to consider taking Social Security earlier than expected. With that in mind, here are some ideas to consider, when making this important decision.
A key component of our one-time financial planning engagements involve assessing how much insurance coverage our clients need while also reviewing the insurance policies that clients have in order to determine if they are adequate or necessary. In doing so, we often find that people have purchased insurance products that are either not necessary or entirely too costly.
Given the turbulence in the financial markets during the week of May 3rd, we would like to provide our blog followers with a few thoughts and insights.
This article by Fortune magazine’s Allan Sloan gives an indication of some of the trouble facing the Social Security system. Consider the following statistics:
Much has changed over the last year—especially for those who are taking withdrawals from their investments to fund living expenses. Even investors who maintained a moderate portfolio allocation may have sustained significant investment losses over the last year. With portfolio declines, some retirees may find that they are having to distribute a greater percentage of their portfolio to fund “lifestyle” …
“Deciding on a retirement community is very difficult from many standpoints, including a financial standpoint,” said Hymiller. “From affordability and financing issues to how the costs may impact other financial goals such as estate distribution wishes or charitable bequests.”