There are typically three risk profiles that investors are assigned to within the financial services industry, which is conservative, moderate, and aggressive. These categories are usually defined by an investor’s; Time Horizon – age and when you expect to need assets, Long-Term Goals & Expectations – views of how an investment should perform, Short-Term Risk […]
Along with estate planning, insurance planning is likely another wealth planning topic that most people would rather not talk about. I believe that there are a few reasons for this; People do not like to discuss death, Insurance salespeople have been known to put their interests above yours, There are so many types of insurance […]
If choosing to save for your child’s future college education needs is a priority for you, it is imperative that it be included in your overall wealth management plan. I say choose because you likely have multiple financial priorities already tugging at you such as retirement, caring for an aging parent, or health care issues […]
One of the best retirement savings vehicles that many people may not realize is a Healthcare Savings Account (HSA). An HSA is a tax-advantaged account created for individuals who are covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Rather than using these accounts for current medical costs, […]
I am often asked the critical question of should I take my social security benefits early or wait until full retirement age or beyond? Issuing a blanket response or answer to that question can lead people down the wrong path, especially on this subject. While I believe many people would benefit the most by waiting […]
One of the key drivers of investment performance is asset allocation. Extensive research by Vanguard has shown that 88% of your investment returns can be traced back to your asset allocation. Asset allocation is the balance between three main assets classes, equities (stocks), fixed-income (bonds), and cash and equivalents. As I laid out in the […]