Do You Have The Liquidity Needed For Downturns?

 "Liquid assets are a major component of a healthy financial plan. Are you making sure your clients have the cash they need to hedge against disasters?" Del Fujinaka Income shocks produced as a result of the pandemic have had a somewhat purifying effect on financial planning. Before COVID-19, many consumers were dismissive of the idea [...]

Six Qualities Of Highly Effective Advisors

"Building an expert team to guide you through the often bewildering and frustrating financial landscape is a crucial task if you are a pre-retiree or already retired."-Eric Coons "Do-it-yourself" retirement planning is certainly possible, even if it's probably not a great idea. The current IRS tax code, for example, is around 2,600 pages long. Then [...]

Will Your Family Be Affected By The Secure Act

The SECURE ACT took effect 1/1/2020: Will your family be affected? When it comes to finding new ways to siphon more money out of middle-class taxpayers' pockets, there is no shortage of great ideas on Capitol Hill. Take the clumsily-titled Setting Every Community Up for Retirement Act (SECURE Act), for example. The SECURE Act, which became [...]

By |2020-04-15T01:08:35+00:00January 7th, 2020|Retirement Planning|

Does Your 401K Or IRA Need To Be Rescued

Because of the accumulation benefits of tax deferral, many individuals have successfully created substantial IRA or 401K accounts or other qualified plans.   It is not uncommon for these accounts to have amassed seven figures of total dollars. It is also usually the case that little attention has been focused on what will happen to [...]

By |2020-04-14T18:18:20+00:00October 7th, 2019|Taxes|

Avoiding Probate: A How To Guide

If you own bank accounts and want to reduce your exposure to probate with these assets the “payable on death” (POD) option may help you. This option offers an easy method to keep bank account out of probate court. All that is required is a form which most banks can supply naming whomever you want to inherit the money in your account at your death.

By |2020-04-13T18:55:57+00:00September 5th, 2019|Estate Planning|

A New Idea That Has Been With Us For Over 200 Years

“Only money left over after paying taxes can be spent. For the average person in the U.S., 34.5% of that sum goes to pay interest alone, to finance car purchases, homes, and various other purchases. This money is gone forever. It is making persons in the banking business wealthy. It can be yours to enrich [...]

By |2020-04-13T18:01:27+00:00August 14th, 2019|Insurance|

Proceed With Caution Using An Annuity In A Trust

I am not a tax attorney, nor do I play one on TV.   I am, however, a financial guide who understands the need for thorough, complete estate planning. In recommending trusts to many of my clients and prospective clients, I have run across situations in which someone wanted to use a trust differently than [...]

By |2020-04-16T19:39:10+00:00August 10th, 2019|Estate Planning|