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What are your top three financial goals?
How do you think your goals could change after doing one simple exercise?
Any of us can answer that first question pretty easily. We can spit out a few generic goals off the top of our heads.… Read More
A Quick Look at Your Life Insurance Needs
You might consider a needs analysis in order to truly meet your objectives
Have you ever wondered how much life insurance is “enough”? One general rule of thumb says that you should buy an amount equal to five to seven times your annual income.… Read More
Changing Times, Changing Needs
Questions that all policyholders should ask themselves at least once a year
When Judy purchased her life insurance policy 10 years ago, she thought her insurance planning was complete. She assumed that if she paid her premiums on time, she could sit back and not think about life insurance anymore.… Read More
Becoming Osaic
I’m reaching out to share some exiting news regarding SagePoint Financial, the firm I use to support my business operations.
SagePoint Financial recently announced that its parent company (formerly Advisor Group) adopted a new brand and name – Osaic.… Read More
The Murkiest Part of Estate Planning is Talking
Specific questions to help frame your thinking as you talk to your heirs
The murkiest part of estate planning is to discuss when and how to distribute your assets to your heirs. This process requires a series of considerations and trade-offs to avoid emotion-laden family problems.… Read More
12 Estate Planning Must-Dos
Many of you already have estate documents, probably executed many years ago. You need an estate attorney to look over your documents every 10 years or so. Here are a dozen points to review.
1. Do you have a will and powers of attorney for health care and property?… Read More
The 2017 Tax Cuts and Jobs Act (“TCJA”) created incredible estate planning opportunities for savvy Americans. However, the massive changes introduced by the SECURE Act of 2019 have made many estate strategies outdated. If you haven’t created or reviewed your estate plans in light of these new rules, you’re at risk of…
Accidentally disinheriting your spouse (because of an outdated trust or estate strategy) Failing to take advantage of a temporary tax window (just through 2025) Shortchanging your loved ones by leaving Uncle Sam too much of your hard-earned money
Forcing your loved ones to liquidate their inheritance to pay taxes (because IRA rules changed) All because your will, trust, or estate plan hasn’t been updated to reflect the new laws.… Read More
Many Americans think: “The only way to decrease my taxes is to reduce my income.”, but there’s a better way.
You suspect you’re paying too much in taxes, but you make too much money to fall into any of the categories that lead to lower tax payments.… Read More
Planning for your Social Security benefit isn’t just about estimating the monthly check you’ll receive in the mail. There’s a right way and a wrong way to look at Social Security.
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The wrong way
I need this money as soon as possible because I paid into the system and deserve it.… Read More
Only one-third of adults have a will in place, which may not be entirely surprising. No one wants to be reminded of their own mortality or spend too much time thinking about what might happen once they’re gone.1
But a will is an instrument of power.… Read More