If you recently divorced, it is essential to review your estate plan and beneficiary designations. Typically, these documents contain appointments of an executor, trustee, guardian or health care agent to manage financial and medical affairs in case of incapacitation. Divorce can have unintended consequences when it comes to estate planning appointments; your former spouse will be treated as the decedent instead of you, potentially leading to unexpected outcomes. 1. Life Insurance Life insurance is an…
"The Impact of Divorce on Estate Planning and Beneficiary Designations"Author: Keiron Pemberton
Investing can be intimidating, but robo-advisors are taking the guesswork out of portfolio management. They generate recommendations based on your investing profile–goals and risk tolerance included–so it’s easier than ever to take control of your investments. Robo-advisors often employ low-cost mutual funds or index fund exchange-traded funds (ETFs) that diversify your money across different asset classes, helping reduce risk. Fees If you are thinking of investing your money with robo-advisors, it is important to be…
"The Pros and Cons of Using Robo-Advisors for Investing"
Estate planning is an essential element of any business owner’s long-term strategy. It guarantees that the company you have worked so hard on will be properly cared for after you pass away or become disabled. Crafting an effective small business estate plan takes time and thoughtful consideration. There are numerous tax, insurance, and family aspects to take into account when creating your plan. Taxes All people eventually need to create an estate plan. But small…
"The Importance of Estate Planning for Small Business Owners"
Though retirement may seem far off, it’s never too early to start saving for it. By setting aside a small amount each month, you can build up an impressive nest egg that will enable you to reach your long-term financial objectives. Start by enrolling in a 401(k) plan. Many employers provide matching contributions up to a certain amount. 1. Get a Job with a 401(k) Plan Gaining employment with a 401(k) plan is an excellent…
"How to Save for Retirement in Your 20s"
If you want to reach financial independence and retire early, it’s essential that you save as much money as possible. Saving a substantial amount may seem impossible at first glance, but there are proven methods that can help you reach your objectives. One way to achieve this is by saving more of your income right now. You could consider working a second job, starting a side hustle, or investing extra funds in investments. 1. Start…
"How to Achieve Financial Independence and Retire Early"
Many investors think of investments as stocks, bonds, cash, mutual funds and exchange-traded funds (ETFs). While these traditional assets are great for some people, others may prefer to diversify their portfolios with other financial instruments. Alternative investments offer diversification from stocks and bonds, provide income potential, and boost returns. They may also be less volatile than other asset classes during uncertain markets. Private Equity Private equity is a type of alternative investment that can be…
"Understanding Alternative Investments"
Socially responsible investing is a term that refers to a particular type of investment that considers both financial returns and the environmental impact that is involved in the operation of a business. It is sometimes also known as “green” or ethical investing. The main purpose of socially responsible investing is to make a positive impact on the communities and society at large. TIAA-CREF Core Impact Bond Fund Socially responsible investing (SRI) is a way to…
"Socially Responsible Investing"
Technology and financial analysis has a long history, and it has developed in many ways. As technology changes and becomes more sophisticated, we can expect the use of this kind of analysis to increase in both the public and private sectors. However, we also need to be aware that there are limitations to the methods that are available, and that we need to be prepared for future changes. Research gaps When it comes to doing…
"Technology and Financial Analysis"
The Most Memorable and Inspiring Financial Lessons from Real-Life Economic Recessions and Crises is an article that will give you an insight into some of the most important financial lessons that were uncovered during some of the most memorable and inspiring economic crises in history. This includes the Great Depression, the Financial Crisis, and the Eurozone Crisis. Each of these situations was unique and brought forth some interesting learning experiences. Great Depression The Great Depression…
"The Most Memorable and Inspiring Financial Lessons From Real-Life Economic Recessions and Crises"
When it comes to finances, a person is able to get a variety of different financial planning services. These services include Investment advice, Tax preparation, and Business succession planning. It is important to know which type of service to get so that you can make the best choice. Business succession planning Business succession planning is a crucial part of any business. Without it, your company can be at risk. This is especially true if you…
"Different Types of Financial Planning Services"