I sometimes hear from clients that estate planning sounds like something that only the very rich need to think about. This couldn’t be further from the truth. In reality, an estate plan is, at its most basic, a critical part of ensuring that your wishes are carried out should you become incapacitated or pass away. […]
Tag Archives | Wealth management
Managing Your Downside Risk is a Must!
As an investor, you probably hear a lot about risk. Phrases like “risk tolerance” and “risk profile” are part of the usual investment discourse, but when it comes right down to it, you may not be aware of how powerful it is to actively pay attention to the risk parameters of your portfolio. Of course, […]
A Winning Strategy for College Scholarships
Which sports team do you think will have a better chance of winning the championship: One that’s been preparing and strategizing for years, or the team that was put together in a few months? The answer seems obvious, and yet many people don’t realize just how critical it is to start planning early on for […]
Are You Ready to Retire?
Ask anyone if they’re ready for retirement, particularly after a difficult day, and you will likely hear an immediate “Yes!” But when it comes time to seriously consider the issue, the question of readiness becomes much more difficult. How much should I draw from my IRA or 401(k)? At what age should I retire? There […]
Time to Reset Your Mind: Managing Your Financial Emotions
Behavioral finance studies peoples’ psychological tendencies when it comes to financial decision-making. A big part of this research focuses on investing mistakes. For the everyday investor, having a greater understanding of psychology can help you to break bad habits and thought patterns. What makes our usual financial psychology dangerous is that it comes so naturally […]