https://www.youtube.com/watch?v=j-stuyZ4ynM What If you’ve amassed sizable wealth, or are on the right path and getting there, it may be time to consider how to pass on some of that money to children and grandchildren—without creating big problems that could harm their futures and destroy family harmony.
This year is more "normal." As I have been discussing this year, we've been expecting a meaningful pickup in volatility, particularly after the unusually benign conditions that characterized last year. Remember 2017 was actually an abnormal year for how little volatility we had. This year, however, has not disappointed for volatility as [...]
Are you prepared to deal with a major lawsuit’s impact on your wealth and financial security? An umbrella policy above and beyond your existing insurance can give you the level of wealth protection you need. Even if you already have a policy in place, you may need to increase your coverage. The [...]
"As retirement approaches, it’s important to step back and take stock of what you want your life to be when you’re no longer working."
Trusts can be a beneficiary for your IRA, but you will want to be familiar with the requirements for trust a to be a qualified “see-through” trust. Meeting these requirements is the only way the valuable “stretch” advantage can be used by trust beneficiaries. The stretch is the ability of the named beneficiary to [...]
https://www.youtube.com/watch?v=BMyjp52PKe4&width=250&height=141&cc_load_policy=1 A Common Sense Guide To Heart Health It’s been said that a man with health has a thousand dreams, while a man with no health has but one. Don’t you owe it to yourself, your family, your career and your community to have not only a thousand dreams, but also the energy and [...]
Managing life circumstances effectively with your money. "When your advisor reinforces the importance of rational decision-making, you are often better positioned for managing life circumstances effectively. Instead of chasing returns, you will be prepared for what we call the 'certainty of uncertainty.’” https://www.youtube.com/watch?v=nEnb2HnIZ88
Every year after Labor Day, we're reminded of the new school year. This year is no different. Planning for school is essential, especially when it comes to your finances. Here are general rules surrounding the most popular plan, the 529 College Savings plan. Your "need-to-know" corner: When assessing plans, chose on that is rated well [...]
No matter how far away you are from retirement, it’s a good idea to take the time to add up what your retirement income might look like when that day arrives. Then you can accurately determine your needs. https://www.youtube.com/watch?v=nHei61BoeKw Written by Tom Hurley in the Financial Freedom Studio.
Six starter steps will help to reduce the risk that your retirement savings will be inadequate to support you for the rest of your life. https://www.youtube.com/watch?v=_EuTjhbao1g Written by Seth D. Harris in the Financial Freedom Studio.
When should you take Social Security? How will your Social Security affect your Retirement? https://www.youtube.com/watch?v=bdotkymTqt0
A recession could decimate even substantial retirement portfolios, and Social Security and Medicare are facing shortfalls https://www.youtube.com/watch?v=IUR-y32CR6I You can find Howard Gold's full opinion piece on MarketWatch
If you are over the age of 70 ½, the government requires you to take annual distributions (withdrawals) from your retirement account—a provision known as the required minimum distribution (RMD). Up to a certain amount, these distributions may be made tax-free as long as they are directed to a qualified 501(c)(3) organization, an option [...]
https://www.youtube.com/watch?v=lbdG37VBmPE Nathan Krampe, CFP talks about the opportunities you have to take a second look at your mindset in dealing with losses. summitinvest.com firstname.lastname@example.org
Principles of Estate Planning Looking far into your future can be a difficult task, but it might be easier when you consider what it is you will leave behind for those you love. https://www.youtube.com/watch?v=f5xDI45btw4
One key way to build serious wealth—whether in a business or your everyday life—is to effectively and consistently negotiate deals that are good for you and your bottom line. Ideally, everyone walks away from a negotiation feeling good about the outcome—a win-win scenario. But ultimately, to be successful you must achieve your minimum goals and [...]
The Tax Cuts and Jobs Act: The Challenges, Changes and Historic Legislation That Could Impact Your Tax Bill (SECTION 1) When President Trump signed the Tax Cuts and Jobs Act into law on Dec. 22, 2017, it signified the end of a challenging process of compromise, negotiation and reconciliation between the competing [...]