Life Planning

Understanding Your Financial Advisor's Financial Designations

Understanding Your Financial Advisor's Financial Designations

The two worlds of financial services are not clearly labeled so that you would necessarily know from which world you are receiving services. If you seek the services of a doctor, you will know if that doctor is a dentist, an internist, an oral surgeon, or a neurosurgeon by the sign on the door. Unfortunately, the titles used in financial services are less indicative of any professional standard.

Divorce and Retirement Accounts: The Importance of a QDRO

Divorce and Retirement Accounts: The Importance of a QDRO

When going through a divorce, many challenging topics need to be talked through before things become finalized. When it is time to discuss marital assets, particularly among those 50 and older, retirement assets or pension benefits tend to be at the top of the list since they often have the most significant balances.

Do We Want to Put This F.I.R.E. Out? Part 2

Do We Want to Put This F.I.R.E. Out? Part 2

In Part 1 of F.I.R.E., we explored the meaning behind the movement and the different variations. According to a survey conducted by T.D. Ameritrade and the Harris Poll, only 11% of 1,500 respondents, have heard of the movement, while 26% are not familiar with the term but know the concept.

Do We Want to Put This F.I.R.E. Out? Part 1

Do We Want to Put This F.I.R.E. Out? Part 1

Put your extinguishers back because it’s not that type of fire, although the concept is spreading like wildfire. F.I.R.E., Financial Independence Retire Early, is a movement that began based on the idea of minimalist living and extreme frugality to save for early retirement.

Revocable Trusts and Homeowners Insurance

Revocable Trusts and Homeowners Insurance

A revocable trust is an extension of the grantor or you as the individual owner. Revocable trusts direct how assets will be managed by appointed trustees during the grantor's lifetime and transferred to beneficiaries after the grantor's passing. Because of the structure, the grantor can modify, remove, or add any instructions to the trust during their lifetime.

How Are You Investing Your Most Valuable Asset: Time

How Are You Investing Your Most Valuable Asset: Time

Whether or not you have an interest in sports, you have likely heard about the helicopter crash involving Kobe Bryant, his 13-year-old daughter Gianna, and the seven other people on board who lost their lives. As reported, eight seconds after losing communication with the helicopter, it plummeted at a rate of descent increasing to over 4,000 feet per minute, traveling about 185 mph on impact. The families on the aircraft were all on their way to a children's travel basketball game.