Is Your Financial Advisor a Fiduciary? Should You Care?

For a moment, think back to the last time you or a loved one had a medical problem serious enough to warrant a trip to the doctor. What was the one thing you most wanted from your time with your physician? Of course, you wanted to know how to get well, and in all likelihood, […]

Why Retire? Your Answers Really Matter

Many of us are familiar with—or at least have heard about—author Simon Sinek and his maxim, which he also used as the main title of his bestselling book : “Start with Why.” The reason Sinek’s book and the idea behind it are attracting so much attention is that many of us intuitively understand that success […]

Three Financial Resolutions for Multigenerational Family Wealth-Building

It is a sad, but true fact that the vast majority of family fortunes do not survive past the third generation. In fact, a particular 20-year study of 3,000 wealthy families discovered that 70% of the families had lost their wealth by the second generation, and 90% had lost it by the third generation. This […]

How a 401(k) Plan Can Put You on the Path to a Secure Retirement

According to recent figures from the Economic Innovation Group, 69 million Americans, or about 56% of the national work force, lack access to a retirement plan through their employers. Perhaps even more seriously, a third of Americans have little or no retirement savings whatsoever. One irony in these statistics is represented by the fact that […]

Your Investment Philosophy and Your Strategies for Success

Have you ever thought about the difference between a dream and a goal? While both are important, one difference could be that the first involves wishes, hopes, and idealistic visualizations, and the second one involves plans, actions, and decisions that lead to a desired outcome. Certainly, a dream can result in a goal, but it […]

Gifting Strategies You Can Use Now

The Tax Cuts and Jobs Act (TCJA) of 2017 basically doubled the size that an estate must be to incur estate taxes, from $5.6 million to $11.18 million for individuals (in 2017). Currently, after adjustments for inflation, an individual has a lifetime estate and gift tax exemption of $12.92 million, and a married couple can […]

The Empty Nest and Your Retirement: Things to Know

Most parents will tell you that providing the necessary financial and logistic support needed to raise kids and prepare them to launch out on their own can seem like more than a full-time job. Between school drop-off and pickup, sports team practices and games, musical or theater performances, other extracurricular activities, and finding time to […]

Why is Financial Planning a “Must-Have” for Everyone?

Financial uncertainty has increased in 2023. The question for many is how to face this uncertainty. Although two-thirds of Americans agree that their financial planning could improve, only 37% currently work with a financial advisor. An ongoing financial planning relationship with a trusted financial professional can ensure that needed conversations occur to create a financial […]

6 Estate Planning Tips for Blended Families

Estate planning can be tricky, especially when you’re part of a blended family.Over 50% of U.S. families are estimated to be remarried or re-coupled. Ensuring a smooth wealth transition can be challenging with multiple relationships, children from previous marriages, and differing financial dynamics. You can never guarantee that everyone in the blended family will be […]