Archive - November 2015

1
Financial Christmas Gift Ideas
2
How are my assets distributed upon my death?
3
8 Steps to Take When You’re 5 Years From Retirement
4
Avoid Problems With Socially Responsible Investing
5
A Budget is the Holiday Shopping Gift You Give Yourself

Financial Christmas Gift Ideas

Let’s face it, creative gift giving is difficult. It is easy to be discouraged by the fact that the cost of a gift to the giver rarely equals the value to the receiver. In economics, this difference is called the deadweight loss. With the average person expecting to give $812 in gifts this Christmas, the deadweight loss is estimated at 20% the cost or about $162 per person.

That being said, there is a powerful side of gift giving which is sacred and where the cost does not matter. A Christmas celebration need not impoverish us and our use …

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How are my assets distributed upon my death?

In the recent past, I met several young families with children who are concerned about what happens to their hard-earned assets when they die. As we talked through, I realized they all have two simple goals: 1) to ensure their immediate family members receive the assets upon their death, and 2) where possible, the distribution should be seamless. Accordingly, this blog post…

Very simply stated, there are three ways your assets can be distributed upon your death:

  1. Per your wishes in “Last Will and Testament.”
  2. By using techniques that avoid probate
  3. State deciding the distribution rules

So, let’s discuss:

  1. Last
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8 Steps to Take When You’re 5 Years From Retirement

The closer you get to retirement, the more critical it is that you do all you can to secure your financial future. If you’re only five years from retirement and haven’t made significant progress toward your planning and saving goals, it might be too late to fund the retirement of your dreams. You might have […]

The post 8 Steps to Take When You’re 5 Years From Retirement appeared first on Chamberlain Financial Planning & Wealth Management.…

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Avoid Problems With Socially Responsible Investing

Socially Responsible Investing is a big deal as more and more investors are wanting to “do good” with their investments at the same time as building their nest egg to fund their goals. However, all that glitters is not gold. When it comes to Socially Responsible Investing (SRI) there are several potential problems of which […]

The post Avoid Problems With Socially Responsible Investing appeared first on Chamberlain Financial Planning & Wealth Management.…

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A Budget is the Holiday Shopping Gift You Give Yourself

CNBC reported “Millennials buy holiday gifts for themselves“and they are not the only ones. When you are buying gifts for yourself and others, it is not difficult to spend too much. One way to avoid overspending is to make a budget and set up a family gift-giving policy so that family members can hold each other accountable for sticking to it. If you think of a budget as a gift you give yourself, these limits might not seem tedious.

The holiday shopping budgeting method you use may vary; what is important is that you have some parameters in …

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