Chances are, planning for retirement is one of the most important steps—series of steps, really—that you’ll undertake in your life. Unfortunately, we don’t always put enough focus on making thoughtful decisions during our retirements. Maybe we overlook something important. Perhaps we veer off course from one or more of our strategies. As a result, much of our […]
The percentage of American adults with strong financial literacy—the ability to understand various financial-related concepts and put them to use—has fallen to historically low levels in recent years. One example: Just 34 percent of adults showed high levels of financial literacy in 2018—down from 42 percent nine years earlier—based on a financial literacy test offered […]
If you have substantial assets, you may be a target for frivolous lawsuits. That’s why it’s so important to consider asset protection strategies that can create barriers to protect your wealth. Asset protection planning employs legally accepted concepts and strategies, as well as specific financial products, to ensure a person’s wealth is not unjustly taken […]
One of the best things you can do when managing wealth is to be extremely clear on what you’re looking to accomplish and what hurdles stand—or could stand—in your way. Why? Success—in investing, in business, in life—rarely happens by accident. When you’re clear-eyed about where you want to go and what could get in your […]
Here are some interesting real estate activity updates:
An update to a Fed interest rate increase on Wednesday May 3. Something to keep in mind is that we have an economics “team” that this last week was awarded as the most accurate in 2022 by Consensus Economics. Brian Westbury is the teammate we go to daily for the antidote for conventional wisdom. Here […]
Long Live Tax Season: Tax Planning Year-Round We’re coming to the end of tax season, but that doesn’t mean we should stop thinking about taxes. In fact, this is the perfect time to make a game plan to make tax planning more proactive than reactive. Let’s not wait for the annual tax deadline to start […]
It goes without saying that you play a crucial role in making the decisions that will determine whether you will achieve your financial dreams. That’s why it makes sense to have great clarity about the specific financial issues and concerns that are most important to you and the people you care about. Only then can […]
Dr. Sonya Lutter, Ph.D., CFP, LMFT, often asks her clients about their first money memory. She once had a couple sculpt their first money memory with Playdough. The husband hadn’t been very conversational in their early meetings so she wasn’t confident he wouldparticipate in the exercise. But he did in the most surprising way. “He […]
So far this year, the direction of the economy and financial markets has been elusive. Is inflation headed in the right direction? Inflation changed course late in 2022. The monthly change in the rate of inflation, as measured by the PCE Core Price Index (one of the Federal Reserve’s preferred inflation gauges) accelerated late in […]