As you plan for your own and your family’s financial future, you may be considering the creation of a trust. Many estate plans utilize what is called a revocable living trust. During your life, you generally serve as Trustee of your revocable living trust and can either retitle your assets in the name of the trust during your life or you can use a “pour-over will” to direct your Personal Representative or Executor to transfer any individually owned assets at your passing to your trust.Read More
Not surprisingly, one of the most common goals financial planners help their clients with is analyzing cash flow in retirement so they can live their lives comfortably without worrying about outliving their money. Cash inflow in retirement can come from many sources (Social Security, retirement plans, savings, annuities, pensions) so it’s important to consider how much and when to expect cash inflows.Read More
Published by Stephanie Wilson As many of us in middle age face, I recently experienced the death of my mother. As I entered the different stages of grief, I suddenly faced battles of a more pragmatic kind. These came in the form of the various details about funeral arrangements, medical decisions, and, in my case; who of the four living children would get certain belongings of my mother. What follows is what I learned along the way about the details and people that matter when you’re coming to grips with the death of loved one.Read More
There’s no question divorce is one of the most stressful and emotionally- charged experiences people may encounter in their adult lives. However, it is possible to get through a divorce with your self-esteem, finances and future intact. The key is careful and deliberate planning.
Published by Robert W. Huntley, CFP®, CHFC® I like simple and I like systems. I heard a successful entrepreneur early in my career say this: “When I encounter a problem, I create a system and delegate running the system to a trusted person on my team. Problem solved.” Life is just easier with less clutter, confusion, and moving parts. However, financial planning is by nature a complex business.Read More
Income from Social Security benefits plays an incredibly important role for many Americans in retirement. In 2015, 85% of married couples and 84% of non-married persons aged 65 or older received Social Security benefits.Read More
Published by Tyler Schlumpf There are two main types of risk involved in investing: systematic and unsystematic risk. The first, systematic risk, is the general market risk all investors take when they buy stocks and bonds. Unsystematic risk, however, comes in many different forms. Specific company, credit and liquidity risks are just a few. While systematic risk cannot be diversified away, unsystematic risk can through diversified investments.Read More