Last week I discussed the reasons you might need to set up a trust at your death for your children, whether they are young children or adults. This week I’ll focus on additional documents that are a critical part of your estate plan. Picture this. You handle the family’s finances and pay all the family […]
As humans, we instinctively pay close attention to things that excite us and ignore those that bore us. As investors, we must fight this instinct with every fiber of our being as the boring topics are often the most important to long term financial success. While most financial news is centered around the day-to-day movements […]
One of the things I enjoy most in working with hundreds of client families is the overwhelming joy experienced when they bring a child into this world. It’s difficult to put into words, but there is something about a newborn baby that refocuses and reminds us of what is truly important. For new parents however, […]
What follows is the continuation of success habits that will become part of a book I’m writing, “50 Rules of Success”. Everybody starts with the same amount of time. To accelerate your success, it’s imperative that you become proficient at managing your time in a way that gets you your best results. As you become […]
A Study by the Employee Benefit Research Institute indicated that nearly 70% of retirees have debt and nearly 50% of retirees over the age of 75 are still managing debt. Managing cash flow during retirement is tough enough without also dealing with debt. As we advise our clients, our goal typically includes retiring all debt […]
Aretha Franklin, the Queen of Soul, had a net worth of approximately $80 million but died without a will. It’s inconceivable that she didn’t take time to draw a last will and testament, particularly since she had been diagnosed with pancreatic cancer. The result will virtually guarantee her heirs will spend a lot of unnecessary […]
What follows is the continuation of success habits that will become part of a book I’m writing, “50 Rules of Success”. A lot of people never achieve a significant level of success in their lives because they are afraid of failing. They don’t go out for the cheerleading squad or football team; they don’t go […]
What follows is the continuation of success habits that will become part of a book I’m writing, “50 Rules of Success”. Rule: Be the Host Most people who know me would probably not describe me as shy or a loner. The truth is that my natural state is a shy person who is perfectly happy […]
How much financial assistance should you provide adult children and for how long? I’ve had over forty years of observing parents, both wealthy and not, provide various levels of financial support for their children. First, I must confess, I have no children of my own, so my ‘experience’ comes strictly from my observations and the […]
I received a request last week: “I would like to see something concerning U.S. Savings Bonds on your segment. We have many that we can cash. What is the best way to avoid taxes?” One of our Associate Advisors, Reagan White, prepared this overview: Savings Bonds have been around since the tail-end of The Great […]