Author - Michael J. Garry, CFP®, JD/MBA

1
Some Problems With Variable Annuities
2
Financial Planning Is All About Trade-Offs
3
9 Estate Planning Mistakes to Avoid

Some Problems With Variable Annuities

Variable Annuities (VAs) have been very popular for about a decade now, ever since the tech bubble burst. Unfortunately, their popularity may be due to brokers’ commissions of 4 to 8%, and the fact that the benefits are not clearly understood by clients or many of those that sell them. I think their biggest draw is that they have some guarantees, and believe me, sellers tout those guarantees. Unfortunately, those guarantees are not quite what people think they are.

Annuities may seem complicated, especially if you read their prospectuses, but the basic structure is simple. An insurance component provides a …

Read More

Financial Planning Is All About Trade-Offs

Financial planning is the process of properly managing your finances to achieve your goals. It is a broad area encompassing many facets of your life because most decisions regarding your life somehow involve money. Any money that you don’t spend to support your lifestyle is available for saving and investing. How much you choose to spend or save, and what you do with your savings, will largely determine your lifestyle and wealth.

Professional athletes and Hollywood stars notwithstanding, most people have a finite amount of wealth and a limited ability to produce income. That limited wealth and income must support …

Read More

9 Estate Planning Mistakes to Avoid

1.) Assuming that you don’t need an estate plan because you won’t owe estate taxes. With estate tax laws currently in flux, whether your estate is large enough to owe estate taxes will depend on where you live and when you die. But even if taxes aren’t an issue, estate planning can ensure that your assets are controlled according to your wishes if you’re incapacitated and parceled out appropriately at your death. It can also help to minimize or avoid the cost and delay of probate and the emotional and financial burdens on your beneficiaries.

2.) Not having a will.

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login