Most people don’t consider the types of changes that can occur when the specter of divorce enters their lives or the life of an intended beneficiary. But as you might imagine, divorce makes it that much more important to have legal affairs updated and reviewed.
Instead of doing anything drastic, consider taking these financial steps to best position your retirement plan in case of a recession.
Investment planning is one part of financial planning. It involves portfolio construction, selection of investments, monitoring, rebalancing, and trading. It is the merging of investments with financial planning.
Estate planning is more of a process than an event. Putting together an initial plan is the essential first step, but life and laws keep changing after you put your estate plan in place. Therefore, you need periodic estate planning reviews and updates to keep pace with the changes going on around you.
Nonqualified deferred compensation plans can be an effective way to boost retirement savings, but the decision to participate depends on your personal financial circumstances.
a well-designed trust can provide families with plenty of protection against inheritance loss or inadvertently creating a stereotypical trust fund baby.
The Charitable Remainder Trust is one of the most popular ways Americans can donate to their favorite cause while doing well for themselves and their families.
If you’re considering early retirement, hopefully this means that your years of saving and investing well have resulted in a nice nest egg that— combined with Social Security and other income sources—will allow you to maintain your lifestyle without career work.
Saving for retirement? Rather than take a scattershot approach, save methodically, using a road map known as the retirement savings waterfall, or the retirement savings hierarchy. It can show you which steps to take, the order in which to take them, and how you may benefit.
Complete Legacy Planning covers all the same financial concerns that a traditional estate planning approach addresses but it also looks after non-financial assets and concerns that traditional planning does not address in a number of unique ways.
