Fee-Only Financial Planning Advice

Keep Financial Planning in the Family

Dec 15 2020

Are you the financial planner for your family? If you have singlehandedly taken on the responsibility for your family finances, consider that you don’t have to go it alone. In fact, you may find that things are easier when you share the load. You can still play to your strengths and do the work that you do well but you don’t have to be the only one who works on financial planning for your family. You may be surprised at the helpful ideas your family member may have. It is also easier to get the rest of the family on …

Work Through Your Investment Worries

Dec 08 2020

Are you worried about how your investments are faring this year? We can’t say there is absolutely no reason to worry but what we can say is that you are not left with no recourse. You can find ways to worry less and strategize about how to make the most of the earnings you do have.

In “This Investment Trend Will Deliver a Profit Bonanza in 2021,” Forbes. com offers advice to investors who are preoccupied with the performance of their investment portfolios. People are justifiably concerned. Companies are going out of business. The economy has taken …

Avoid Panic with an Estate Plan

Dec 01 2020

Photo by Melinda Gimpel on Unsplash

The Kiplinger.com article “Estate Planning During the Pandemic” includes a scenario many of us want to avoid: a widow approached a financial planner with screenshots of texts her husband had sent from the hospital with information about investments and instructions. The husband passed away from COVID-related complications but one spouse not knowing enough to manage financial accounts is a common occurrence whether there is a pandemic or not. The financial planner says she worked with this client and later helped the woman create her own estate plan. According to Kiplinger.com, these… Read More

Advice for Women on Creating Prenups

Nov 17 2020

There are women who are out-earning their partners. Not only are they earning more, these women may also have property, stock options, investments, and retirement savings. So, whether it is through salary, business income, or investments, there are women whose financial assets equal or rise above that of the person they intend to marry. In “Prenups for Breadwinning Women: 4 Pitfalls to Avoid,” Kiplinger.com focuses on women but of course the advice about prenups can be used by anyone.

A prenup is not solely designed to benefit the spouse that earns more. It may seem that way because when …

Tips to Reduce Retirement Stress

Nov 10 2020

Many people are under a lot of stress right now. They are concerned about the present state of their finances and wondering how they will finance the future. The Motley Fool offers “3 Tips for a Less Stressful Retirement.”

Diversify Your Portfolio: You know the time-honored saying about not putting all of your eggs in one basket, right? When it comes to investing and finance a more official term is asset allocation. No matter how you say it, the idea is not to put too large of a percentage of your resources into a certain type of investment. …

Unbiased financial advice from fee-only financial planners