Many people view life insurance as a single item of its own and not part of their overall estate plan. However, your life insurance policy can assist estate planning in several ways. To help you fix any deficits in your estate plan, here are a few ways life insurance can help. 1. To Fill an Immediate Gap. Distributing an estate takes time. Whether it has to go through probate — which can take months — or it's just a matter of actually completing the transfer steps, your family members could be left without funds during the immediate period after your death.
11 October 2021
Financial instability is one of the biggest causes of unstable businesses, broken marriages, increased bankruptcy, and worrying stress levels today. This happens because many people have big financial goals they want to achieve, even though some of them sometimes seem hard to achieve. In fact, most people end up with huge losses due to mismanaged finances and poor investment decisions. Luckily, you can avoid this problem by seeking help from a reputable financial consultant.
12 August 2021
The worldwide cybersecurity industry has a value of more than $167 billion. So much money is spent on expensive software platforms, mitigating the damage that comes with cyber attacks, data recovery, and so much more. One of the simplest ways that you can protect your information and avoid expensive cybersecurity issues is by taking better care of your passwords. Working with a password manager software will help you organize and compile every password that you use on a regular basis.
24 May 2021
Retirement can approach faster than you realize after you start working. In a matter of a few short years, you may find yourself at mid-career with no meaningful savings to your credit. Instead of retiring with no money saved and nothing on which to live, you can start saving money now. You can decide how much to save and if or when to invest in the stock market by using professional wealth management planning services.
31 March 2021
When people think about how debt fits into financial planning goals, it's common to see such liabilities as generally bad things. From the perspective of a financial advisor, though, the goal should be to get to the point where debts are net positives for their clients. Here are four ways you can turn debt from a bad thing into a winner. Lower the Cost Basis More than anything, your long-term goal is to get the cost basis of your debt to a number that works well for you.
4 February 2021
Are you hoping to have enough money in the bank when you retire so you can enjoy life to the fullest? If so, you need to start as soon as you can with planning for this event. If you are like many people, you might not know where to begin. If so, here are four tips to help you with your retirement planning. Make Saving Money a Habit One of the best things you can do is make saving money a habit.
4 November 2020
Brokers act as a middleman between multiple companies and a client, while dealers act as salespeople for the company they are affiliated with. If you are working with a broker-dealer, you get the best of both sides of the equation where financial planning is concerned. Many private individuals work with broker-dealers, and many business owners trust these professionals as well. Take a look at a few of the situations when it is a good idea to work with an independent broker-dealer instead of one or the other for your financial planning needs.
14 December 2019
Working with a wealth management advisor services firm is a good choice, but there are things even the best advisors can't do for you. Taking advice about wealth management and converting into everyday actions is important. Here are four things your wealth management advisor wishes you knew. You Could Still Be Living Paycheck to Paycheck Having a large amount of money is not the same as truly accumulating wealth. Folks in the wealth management services industry frequently see commercial property owners who couldn't survive multiple tenants failing to pay rent, for example.
29 May 2019
Having trouble figuring out what to give your child when they graduate from college? Following are a few awesome ideas that will offer valuable support as your child starts their new life and career: A Short-Term Bill Allowance Help your child get off on the right foot in their new grown up life by paying some of their bills for the first two to three months after graduation. Surprise them with a refillable debit card that you can fund once a month, then they can use the debit card to pay their power, phone, or insurance bill.
1 May 2018
If you follow the markets even casually, you're likely witnessing a modern day gold rush. It isn't the hills of California that are calling investors to find their fortunes, it's the ledgers of blockchain cryptocurrencies. Bitcoin, the best known of the cryptocurrencies, is exploding in value. If you're experiencing some serious fear of missing out, now might be a great time to question how much you should invest in Bitcoin.
27 February 2018