Did you know that on average, women live about five years longer than men? When is the last time you thought about your estate plan? Find out how you can stay proactive and ensure your estate plan is built to last:
Death and taxes. It is said that those are the only two certainties in life, yet people rarely want to discuss either. In the estate planning world, however, death and taxes are often the most common topics of conversation. Since death is one of the certainties in life, everyone can benefit from an estate planning conversation.
Are you expecting a new addition to your family? If so, congratulations! If you’re reading this and simply thinking about having your first child, I give you extra congratulations for being ahead of the game. With a two-and-a-half-year-old daughter and another due in six weeks, I can assure you this advice comes from a mixture of professional background and personal experience.
The short answer to this question is “yes” — divorce usually has a substantial impact on most couples’ retirement plans. Additionally, the longer you’ve been married, and the closer you are to retiring, the more your plans could seriously veer off course. Read more to navigating the impact.
A 529 plan is an education savings plan designed to help families accumulate funds for their children’s future college costs. Named after a section of the Internal Revenue Code, the IRS defines 529 accounts as plans “operated by a state or educational institution, with tax advantages and potentially other incentives to make it easier to save for college and other post-secondary training for a designated beneficiary, such as a child or grandchild.”
“Don’t grow up so fast.” If you had a nickel for every time you heard that expression throughout your childhood, you would have probably amassed quite the nest egg come adulthood. But as they say, hindsight is 20/20. Your life was probably much simpler back then; worries were small, mistakes less serious. If you knew then what you know now, would your path be different?
Whether you’re tying the knot, or helping a child or loved one plan for their big day, wedding planning is a process that requires plenty of financial preparation. Here are a few final thoughts to keep in mind before the date arrives.
So you said, “yes!” Now, it’s time to plan the wedding of your dreams. Before you start browsing Pinterest for ideas, make sure to consider the cost of your wedding plans so they don’t derail your finances. Here are 10 tips to help you get started.
Depending on who you ask, the term, “family office”, can have a broad range of meanings, but the bottom line is this: many families with substantial wealth require a dedicated team of advisors to help manage their complex planning needs. And while family offices can be as unique and different as the families themselves, the concept of pooling resources and hiring a coordinated management team is one that makes sense for a variety of wealthy families.
Whether planned or unexpected, many of us will likely need to take an extended leave from work at some point in our careers, due to various reasons — whether it’s time off to travel, parental leave for the care of a newborn or elder-care leave for an aging parent. Here are some tips to prepare for a leave of absence and a break in pay.