Financial planning is becoming much more about you, the client. For the first time in history, the landscape for objective financial guidance is finally taking shape.
Stock options can be among the most confusing aspects of the financial planning process. The subjectivity built into these programs will consider personal preferences, planning timing tactics, diversification, and tax efficiency.
Guaranteed income offers all kinds of benefits to a financial plan but also comes with tradeoffs, namely growth and cost. Finding the “sweet spot” for a guarantee in a financial plan is tricky and not always readily apparent. Furthermore, differences in opinion within a family unit can cause disagreement about the “perfect” design.
Some retirees are not being realistic with retirement planning. A realistic financial plan will consider all variables, high-risk scenarios, and planning opportunities.
Having a clear and coordinated withdrawal strategy is crucial because it will ultimately determine how an individual will create a sustainable income throughout retirement
What not to do when it comes to common retirement and financial planning decisions.
Pick the perfect retirement date, coordinate benefits, and anticipate last-minute adjustments to a financial planning retirement strategy.
Many individuals do not fully understand how the pandemic (and now the Ukraine invasion) has changed retirement planning. Many feel forced to take on more risk or make little or no money on "safer" investments.
When challenged by traditional norms find your own way around the planning roadblocks to develop your nontraditional, ‘perfect in its own way’ financial plan.
The simple tools and tips in this article will provide you the needed insight and digital framework needed to start developing the perfect financial plan.
Almost everyone loves the idea of owning income-generating rental real estate, especially in those early years of retirement. Read more...
With or without insurance, everyone needs a viable plan for long term care.
When changing jobs or retiring, it’s always prudent to consider all your options as far as employer-sponsored retirement accounts. Read more...
Everyone needs an Estate Plan, and most of the people I’ve met prefer the idea of being remembered in a positive light – especially in the eyes of those they care most about.
Investors likely don’t have just one risk tolerance; they have several. Our approach to solving for risk is to develop a composite of different risk tolerance worksheets. for a "global" risk profile.
Budgeting is one of the least liked parts of the financial planning process. However, I genuinely believe people make it more complicated than it needs to be.
