Today: 5. Nov, 2024
Understanding TOD Accounts: A Modern Estate Planning Tool An increasingly popular way to avoid probate and other estate planning issues is the transfer on death or payable on death account. These accounts, often called TODs, offer a simple solution for transferring assets…
The Importance of Writing a Will Contemplating one’s mortality might not be an everyday concern, but writing will certainly warrant more attention than it typically receives. According to a study by the Center for Retirement Research at Boston College, only about one-third…
Transitioning from a savings-focused lifestyle to spending your hard-earned retirement portfolio is no small task. Many retirees, even those experienced in investing, find the shift daunting. The challenge lies in determining a safe withdrawal rate, which often feels like aiming at a…
Estate planning, a crucial but often neglected aspect of financial planning, has gained renewed importance due to the recent pandemic and inflation. It is an essential process for anyone with assets, regardless of size, aiming to ensure their secure and efficient transfer…
Estate planning is a widely misunderstood area of personal finance. Misinformation can lead to missteps that cost time, money, and unnecessary stress. Here are ten persistent myths about estate planning: 1) Estate planning is solely for the wealthy. This misconception is partly…
Are you part of the rising demographic of unmarried Americans cohabiting with a significant other? On the financial front, you’re likely reaping savings similar to married pairs – from sharing living expenses to consolidating bills (think one cable or Internet bill) and…
Even if you’re not yet in the category of affluent individuals, these strategies for long-term investment, efficient tax management and more can guide you toward becoming one. As a financial consultant for affluent individuals, I emphasize to our clients that investing is…
