The SECURE Act, also known as “The Setting Every Community Up for Retirement Enhancing Act” of 2019, was approved by the Senate on December 19, 2019, after initially passing through the House on July 19 as a part of an end of the year appropriations act. The bill accompanies tax measures and includes significant provisions […]
What is estate planning?
Estate planning is when you make a plan for what will happen to your money and property after you die. For example, you can decide who will get your house, or how your money will be used to help your family.
Learn more about estate planning from our financial advisors below.
“If you’re considering moving when you retire, have you considered the potential tax issues?” Eric Coons Many retirees choose to move after retiring, whether to be closer to kids and grandkids, enjoy more leisure activities, or make their retirement dollars go further. However, if you’re thinking of relocating, be sure you don’t focus solely […]
Women need to understand their rights in a divorce “The impact a divorce has on women’s finances cannot be overstated. The financial literacy gap, the lack of involvement in long-term financial planning during their marriage, and their higher likelihood to end up in poverty place divorced women in a vulnerable position.” -Worthy.com If you’re a […]
An executor is the person responsible for managing the administration of a deceased individual’s estate. Obligations can vary from state to state and the size of the estate can determine the responsibilities that will be needed.
In today’s world, especially the digital world, people constantly leave behind little pieces of themselves. These pieces, while small, are a part of a larger picture, your identity. Please do not underestimate the resourcefulness of identity thieves, and your trash might be their treasure. According to the Federal Trade Commission, over 800,000 identity theft cases […]
In a perfect world, your will would be drawn up, your assets would be distributed in a timely, no-hassle fashion after your death, and your family would be immediately able to enjoy the financial legacy that you spent your life creating for them. Unfortunately, no one lives in a perfect world, but a beneficiary-controlled trust can help ensure that your children will have access to their inheritance in a way that is faster, and is legally protected longer-than some of the more traditional methods. A Beneficiary trust is long-term many states allow this type of trust to remain in perpetuities for at least a century, if not longer. A Beneficiary trust also maintains a structure that protects assets from creditors, false-heirs, ex-spouses, and any other potential beneficiaries and parties not named by the trust.
Use Legacy Arbitrage to extend benefits to heirs Definition of ‘Arbitrage’ from Investopedia “The simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as […]
“If you’re approaching retirement and have a low risk tolerance, a capital preservation strategy may be your best option.”- Jeff Kennedy People who are approaching retirement or are already retired typically find that their desire to take on more risk has lessened considerably. This aversion to risk is why many seniors choose more conservative investment […]
“If you are at or near retirement, the thought of selling your home may have crossed your mind. Before you make that decision, though, you’d better spend some time considering the pros and cons.”- Joe Uppleger. The sizzling hot housing market has many pre-retirees and retirees thinking about whether they should sell their current homes. […]
We can all agree that the stock market has been extremely volatile since the COVID-19 pandemic. But what has the market done, and what was the average return from the beginning of the stock market? Let’s investigate the truth, believe it will be a real eye-opener. We have had a bear market about every seven […]