financial planning news & resources
News & Resources
Unbiased, independent financial planning news and resources to help guide you in your financial planning journey.
Estate Planning for Beginners – Part 3: Trusts and Their Uses
In the process of estate planning, one of the key decisions is establishing a revocable trust or a will that includes a trust. But what exactly is a trust? Like a will, a trust lays out instructions for the distribution of assets.
Estate Planning for Beginners – Part 2: How Assets are Passed
It may surprise a lot of people to discover how many individuals die without a will. In the not-too-distant past, this would include Prince, Michael Jackson, Howard Hughes, Salvatore Phillips “Sonny” Bono, and Jimi Hendrix, just to name a few.
Estate Planning for Beginners – Part 1: The Probate Process
Where do we begin with estate planning? At the beginning, of course, which is the probate process.
Is it Too Late to Invest in the Stock Market?
Investing in the stock market requires knowing what you want, being willing to jump through some hoops, and giving yourself enough time to achieve it.
Why Doctors Shouldn’t Buy Insurance Without a Plan
The starting point for any decision regarding the purchase of financial products by anyone, not just medical professionals, should begin with a written financial plan and analysis of personal cash flow.
What is Fiduciary Duty?
A “Fiduciary Duty” is an obligation to act in the best interest of another party. A “Fiduciary” is a person acting in a fiduciary capacity and is held to a high standard of honesty and full disclosure in regard to the client and must not obtain a personal benefit at the expense of the client.