Archive - 2019

1
Find Ways to Save on Summer Fun
2
Mothers: Make Time for Financial Planning
3
How To Turn $5,000 A Year Into a $33 Million Legacy
4
(Financial) Things To Do Before You Die
5
How Property Transfers At Death

Find Ways to Save on Summer Fun

You may have heard it said that those who fail to plan, plan to fail. That isn’t just a clever rearranging of words; it really has meaning. Financial planning is about the long-term and the short-term. The weather is getting warmer and in the short term, it is easy to spend money and be carefree since it is summer but you may regret it later if you overspend. Rather than let summer take  you where it may, you can find ways to save on summer fun.

Mint offers “5 Ways to Stop Summer from Wrecking Your Monthly Budget” and …

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Mothers: Make Time for Financial Planning

Now that Mother’s Day is over and we are back to business as usual, let’s really take a look at and appreciate mothers in the United States–many of whom are balancing a lot of different responsibilities.

According to Pew Research (6 Facts about Moms):

The median age at which women become mothers is older than before. There are many reasons for this but we hope that women who are purposeful about delaying motherhood are able to do some financial planning before their first child arrives.

Women spend more time working that before while at the same time also

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How To Turn $5,000 A Year Into a $33 Million Legacy

With a headline like that I bet you’re thinking this is one of those wild & crazy get rich schemes. However, it’s really just a hypothetical illustration of the great benefits of three factors that can work in your favor in building a legacy:

What follows is an example of how you can make those three factors work together to create this $33 million legacy.

How It All Started…

Once upon a time, there was this guy named Joe.  Joe is 20 years old, working part-time making decent …

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(Financial) Things To Do Before You Die

By Eve Kaplan, CFP®

Unless you have a terminal illness you probably do NOT know when you will die. Accordingly, these tips are geared toward all individuals who hold investments, insurance, pensions and/or real estate and who want to pass these to a surviving spouse or other family members. Some of these steps may seem patently obvious and simple, but in my experience as a financial advisor, I can tell you that even smart, well-prepared people commit very dumb estate planning mistakes.

Estate Docs 101:

1. Prepare your next of kin or surviving spouse with updated estate documents – …

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How Property Transfers At Death

divorce throws a curve
Photo courtesy of Bec Brown via Unsplash.com.

When you die, the way in which your property is handled will
depend on the type of documents (or lack thereof) you’ve set up before your
death. The following is a summary of the ways your property transfers to heirs when you pass away.

Life Insurance. At death, life insurance proceeds are passed to your beneficiaries (and in most cases, tax free). For example, if you have a life insurance policy with a face amount of $500,000, when you die, your
beneficiaries receive the $500,000 face amount tax free.

When you purchase …

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