Who are you reaching out to about your future? Many individuals and organizations can help you build a better tomorrow and provide information to strengthen your financial future. Even if you feel well-equipped to weather any economic storm, there’s nothing wrong with reevaluating your current situation to ensure that your goals align with where you…
Back-to-school season is upon us once again. It’s time to prepare the family for success in a new school year, but it’s also time to prepare yourself—starting with your finances. They are the foundation for today and tomorrow! Setting yourself up for success includes making a list of goals and establishing good habits as early…
Year-end tax planning can only go so far. Don’t wait until December. The best tax-saving strategies take time to implement, and luckily you can start now. Consider strategies that can be helpful if you begin executing them midyear. Here are six tax-related items you may want to put on your financial checkup checklist. Get Your…
Talking about money with younger family members can be challenging. But if you want your benefactors to succeed with what you leave them, it’s critical to communicate with them. For many Americans, this means talking to their teens about money and their plans for leaving a financial legacy. How to Teach Teens About Money A…
By definition, generational wealth refers to any assets that are passed from one generation to the next. By embracing the next generation and actively involving them from a young age, families can give themselves the best opportunity to shift beyond wealth preservation into wealth growth and transformation. Learn how families can build the foundations of…
Diversification is the principle of spreading your savings across different asset classes so that your exposure to any one type of asset and its associated risks is limited. Think of diversification like a store that sells both sunglasses and umbrellas. On sunny days, they sell sunglasses. On stormy days, they sell umbrellas. “By selling both…
While a financial plan looks great on paper, the real transformation occurs when you put your plan into motion. Spring into action and jump-start your financial plan today. We’ll show you how! 1. Set Reminders It can be easy to create your financial plan and essentially forget it. However, it’s vital to set calendar reminders…
Imagine if you owned stocks in only the tech sector—or shares of just a pharmaceutical company. If something terrible happened in one of those sectors, your portfolio probably wouldn’t fare very well. That’s why you typically own different types of stocks in various sectors. Ever considered protecting your precious metals portfolio using the same concept?…
You’ve likely heard that gold prices are climbing and silver prices are keeping pace with gold. The price of gold has held above the $1,800/oz. mark, and the price of silver rose to its highest level in nearly three years on Monday, July 13, 2020. Does this mean you’re missing out on a potential opportunity…
Future-proofing your financial portfolio is about more than picking stocks and watching the markets. You need to consider diversifying with assets (both traditional and alternative), accounting for inflation, and making legacy plans, among other actions. You need to consider “future-proofing” your portfolio. What Is Future-Proofing? As defined by the Principles of Future-Proofing website principlesoffutureproofing.com, the…
In the world of commercial real estate, one mantra stands out above all others: “Location, location, location.” When it comes to your portfolio, the overriding theme is “Diversification, diversification, diversification.” Diversification is one of the key principles of managing wealth. It can help prevent big losses if similar asset classes drop in market value in…
Times are uncertain. Markets are in a state of flux. It might feel like the right financial move is difficult to see. If you’ve made some money moves that feel more like regrets, read on. We’re here to empower you with some tips for turning financial trials into triumphs and helping you better avoid financial…
