Estate planning is one of the most critical aspects of financial planning and something millions of us fail to do. In 2021, just over 30% of Americans had any estate planning documents. If you’re among that 30-plus percent, congratulations! You’ve taken an essential step in protecting your family.
It might not seem like it now, but the end of the year will soon be here. Before we ramp up to the holiday season and all of the obligations that come with it, let’s take this downtime to get our year-end tax planning squared away so we can enjoy the time with our friends and family and minimize our 2021 tax bill.
Have you ever tried to drive to an unfamiliar destination without a map? Well, okay, a GPS these days! What would happen if you did? You’d very likely get lost. You’d drive in circles, backtrack, waste time, gas, and money. The same can happen when you don’t have a financial plan.
There are many great things about being self-employed; you’re the boss, you have flexibility, and often more job satisfaction than those who work for someone else. There are downsides, too; the buck stops with you, you likely work more hours than if you worked for someone else, and you don’t have a pension or access to an employer-sponsored 401(k).
There are hundreds of personal finance books, podcasts, and documentaries available, so many that no one could read, listen, or watch them all.
The best 401(k) strategy is the one that fits best with your overall retirement strategy. Choosing the wrong option can throw your carefully created plan out of balance. If you have questions, we are here to help.
Jason discusses the benefits of working with a group of advisors.
2020 has been a wild ride, full of surprises, most of them bad. And as we’re less than two months out from what may be the most divisive presidential election in American history, it will probably get even wilder.
There is no way to overstate the importance of early investing. The longer your money is invested, the more time the magic that is compounding interest is able work in your favor.
Most of us know that we need life insurance but that is often all we know. “Life insurance” is a bit of a catch-all term that encompasses a lot and sometimes the finer points are not clear. We will give you a primer on life insurance and you’ll be able to see why having life insurance is the foundation of a secure financial future for your family.
Your money and your health are two of the most important things in your life and they influence every aspect of your life. Women have the health part down. We think about health more than men and do more about it. We are more likely than men to have health insurance and a regular source of health care.
Things have been scary in recent months. While it might be starting to settle down, there is still a lot of uncertainty. And one thing the market, to say nothing of investors, hates is uncertainty.
We humans are not the most rational creatures when it comes to many areas of our lives and our finances are one of them. We make decisions based on emotions and that can be a dangerous thing, particularly when it comes to money and investing.
