What Is Legacy Planning? Legacy planning is the act of preparing how you will bequeath your property and assets to your loved ones after your death. It’s more or less a synonym of estate planning, but the term has gained popularity among financial advisors in recent years. This is perhaps because “estate planning” has come to evoke… Continue reading Why Is Legacy Planning So Important?
If you carry whole life insurance and have a bank account that’s been hard-hit by the coronavirus pandemic, you might consider borrowing against your policy. Tap your insurance in the wrong way, though, and you could create as many financial problems as you solve. Unlike a term life policy, which has no value other than… Continue reading Why Shouldn’t I Borrow Against My Whole Life Insurance Policy When Short On Cash?
Overview Obviously, managing money as part of a partnership is vastly different than doing so for oneself. Even more challenging is the need to constantly adapt money skills for a growing family. Most people start out on their own, evolve into a partnership, and from there families grow in interesting ways — including complex relationships… Continue reading Where Can Expanding Families Find Reliable Financial Advice?
As we all get older, an issue that becomes especially important at this stage of life is how to help clients protect their financial resources from an unexpected threat — themselves. One tool is to ask clients to sign a statement authorizing a planner concerned about possible irrational behavior to contact someone, such as a… Continue reading Why Is It Important to Protect My Money From Myself As I Get Older?
Gone are the days when employees worked for decades for one employer and received a decent pension and Social Security to fund a comfortable retirement. Retirement investing is now a consumer’s responsibility. Ultimately, financial decisions made during your life determine your retirement lifestyle. David Thomas, CEO at Equitas Capital Advisors in New Orleans, says, “From the World… Continue reading What Should I Avoid Doing When Investing Into My Retirement?
After weeks of resistance, the U.S. stock market has been laid low by the global spread of the coronavirus (COVID-19). From February 19th through February 27, the S&P 500 fell more than 11%, as the reality set in that our economy will slow at least temporarily as production in major supply markets (namely, China) is… Continue reading How Can I Protect My Retirement From the Ups and Downs of the Coronavirus Market Swings?
Overview The legislatively mandated minimum wage is the lowest hourly compensation an employer can pay a worker. Originally, it was introduced in 1938 to prevent factories from exploiting workers by paying them low wages that would keep them in poverty. It is possible that some of those factories may have gone out of business because… Continue reading How Could Raising the Minimum Wage Affect the Economy?
Fresno Retirement Advisor News In 2020, the World Economic Forum published its annual Global Competitiveness Report, as usual. However, in light of the global pandemic, it put its long-standing Global Competitiveness Index rankings on hold. Instead, the report focused on priorities for recovery and revival instead of competition.1 Indeed, economic globalization over the past two… Continue reading Global Recovery in a Post-Pandemic World
Fresno Financial Advisor News There are several factors contributing to the current housing shortage in the U.S. For starters, low inventory of existing homes for sale has driven up the prices of available housing, leaving many first- and second-time homebuyers unable to afford to buy or trade up. Housing permits for new construction have risen… Continue reading Affordable Housing Crisis Challenges
Fresno Financial Advisor News Overview In November 2019, the Internal Revenue Service announced inflation adjustments for more than 60 provisions for the 2020 tax year. The following is a guide for changes that will affect the greatest number of taxpayers. “While it’s been more than a year since the Tax Cuts and Jobs Act went… Continue reading 2020 Tax Changes: What You Need to Know
