The Long-Term Advantages of a Personal Coach
At some point in this century, having a personal or life coach gained popularity, particularly among the affluent. However, despite the connotations surrounding personal coaching, it can offer substantial long-term advantages. A personal coach serves as a catalyst for achieving goals swiftly and efficiently. They guide you to enhance your performance in specific life domains […]
Creating a Lasting Legacy Through Philanthropic Planning
We all have causes that stir our hearts, issues that ignite a desire for change. Often, our generosity manifests as a check, a contribution made with good intentions. But what if our giving could transcend a single transaction, and build a legacy that reflects our deepest values long after we’re gone? This is the […]
Financial Tips for A New Couple Moving in Together
Moving in together marks a major milestone for any couple, brimming with excitement and the promise of new beginnings. It’s also an opportune moment to align your financial goals and strategies. As you embark on this journey with your love interest, consider these valuable tips to nurture a thriving financial life. Talk About Your […]
7 Fun (and Smart) To-Dos to Maximize Your Summer
Summer is often a time for sun-drenched escapes, leisurely pursuits, and a general slowing of pace. This season also presents a unique opportunity to weave in some enjoyable yet strategic financial planning. Forget the dusty spreadsheets and tedious reviews – we’re talking about leveling up your financial game with a touch of summer flair. […]
Common Factors Affecting Retirement Income
When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be impacted by investment risk, inflation risk, catastrophic illness or long-term care, and taxes, you may not be […]
A Business Plan Can Be Your Guide to Growth
Whether you’re a current business owner or a budding entrepreneur burning with the next great idea, one of the most important steps you can take on your road to success is creating a business plan. Why? A well-thought-out and well-written business plan captures your vision, illustrates it for others (including potential lenders and investors), and […]
Should You Pay Off Your Mortgage or Invest?
Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child’s college […]
Deciding When to Retire: When Timing Becomes Critical
Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last. You’ll need to take into account your life expectancy […]
High-Income Individuals Face New Medicare-Related Taxes
The health-care reform legislation enacted in 2010 included new Medicare-related taxes that first took effect in 2013. These new taxes target high-income individuals and families. Here are the basics: Additional Medicare payroll tax If you receive a paycheck, you probably have some familiarity with the Federal Insurance Contributions Act (FICA) employment tax; at the very […]
Wealth Due to Inheritance
What is it? Introduction If you’re the beneficiary of a large inheritance, you may find yourself suddenly wealthy. Even if you expected the inheritance, you may be surprised by the size of the bequest or the diverse assets you’ve inherited. You’ll need to evaluate your new financial position, learn to manage your sizable assets, and […]