As the calendar turns to December, many of us will think more intentionally about ways that we can help others. This might include donating financial resources to a cause that is meaningful to you and your family. Making a Qualified Charitable Distribution from your IRA or using a Donor Advised Fund for charitable giving are two ways that could help you increase the amount you can give, save on taxes, or both.
For most individuals, the benefits of working with a financial advisor are clear. They include better financial outcomes, time savings, and peace of mind knowing that you are working with a trusted professional. But how about the costs? Because costs can be difficult to decipher, we present a primer on the price of advice.
Are you wondering if your current savings will be enough to support your future lifestyle in retirement? Use this ‘multiple of income’ table to gauge your retirement readiness and see if you’re on track.
Pension and wealth accumulation patterns have experienced a seismic shift in the last 30 years. Individuals now own their retirement assets versus the defined benefit pension plan model. We may be at a generational pivot point where accumulated family wealth can support education, equity building investment opportunities, meaningful philanthropic/charitable campaigns and legacy assets., similar to the goals of a sovereign wealth fund.
The Bank of Mom and Dad is a prominent lender/gifter of funds to children for buying a home. Financial headwinds are strong for millennials and it is expected more than a quarter of first-time home buyers will get financial assistance from relatives.
Our company name borrows from the Laurentide Ice Sheet, the massive formation that shaped the geography of North America. We aspire to be as resolute and purposeful in shaping your financial environment
Cash is a critical part of an overall financial strategy. A risk with cash is that is can build up, providing unneeded easy access and a low-interest rate. To combat the risk, try to match cash to scheduled liabilities and maximize the return. Cash investment strategies can include money market accounts, ladders of certificates of deposit (CDs) or short/intermediate bond mutual funds.
Knowing if your portfolio of assets is working toward your financial goals takes some time, skill and effort. Let's look at how to build and monitor an asset portfolio.
The acronym stands for Financially Independent / Retire Early. Several FIRE concepts were mapped out by a Baby Boomer in the early 1990’s. The philosophy behind today’s FIRE movement is very Millennial. The lessons are universal.
As we age cognitive skills decline in varying degree. This dynamic process specifically impacts well-being and how society assimulates and protects seniors. Skills affected can include motor skill, the ability to learn new information, reaction time and memory. Reviewing the ways in which cognitive aging could affect individuals provides useful insight for policymakers, financial planners, career counselors and the individuals themselves.