Financial Planning

Financial Planning

Money Moves; How 529 Savings Plans Benefit You & Your Grandchild

“If education has been a family tradition and core value, it's a wonderful way to leave a lasting legacy,” she says. “The estate tax advantage of placing assets in 529 plans is also compelling. 529 plan assets are not included in taxable estates. This can save significant estate taxes for high net worth families.” ...
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Rockin’ and Rollin’ Your Way Into Retirement

How to begin the retirement planning process?  When I’m asked that question I have one simple answer with three parts: Let’s figure out what you’re trying to do, how long you want to do it, then I’ll analyze your financial assets to determine if you can afford it. ...
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How Much Money Do You Need? We’re Talking Retirement, Not Greed

Many people don't consider longevity when they set savings goals. Folks are living a lot longer and that makes retirement planning more challenging than ever. A healthy, upper-middle-class couple who are 65 today have a 43 percent chance that one or both partners will live to see 95. Savings need to be adjusted accordingly.. ...
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“Silver Tsunami” Prep 101 – Health & Money Issues

In 2016 voters listed terrorism as their first and most serious national concern, but only 80 Americans were killed in terrorist attacks between 2004 and 2013, while millions of individuals faced grave difficulties related to aging. ...
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Baby Boomers Have Financial Superpowers

They are passing $30 trillion down to their children and grandchildren, and this means they have the power to shape the next generation's financial futures. Here's how to use that power for their own good. ...
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What’s Your Money Message to Your Grandkids?

We're all products of our family's financial legacy. My grandfather used to save pennies and not tell my grandmother. He still bought stock (even though they lost everything during the Depression) with those pennies, and after he died, my grandmother was able to live to almost 100 years on the stock he had bought and never told her about. I learned from him, and from my grandmother, too. ...
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5 Financial Issues Your Kids Will Face with Your Estate

Passing an estate on in the most efficient manner possible is a tough thing to manage. Especially if you haven’t had at least a general conversation about where your money is, how to get to it and — just as critical — how to minimize the taxes on various types of investments when they’re inherited. ...
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How to Protect Your Online Assets After You’re Gone (and by gone, we mean dead)

Most people are aware of the importance of estate planning, but often times digital assets are overlooked when planning for seniors. After all, how many seniors have online bank accounts or are active on social media? ...
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