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Investment 101: What Are Stocks?
The fact is that most Americans either don’t save for retirement or they don’t save enough. While reasons vary, one common reason our financial planners hear is that they just don’t know or understand their investment and savings options. Saving in stocks, bonds, mutual funds, futures
How To Choose A Financial Planner
There are many big decisions you have to make in life, such as what career to choose, where you want to move after college, your spouse, your house, and your furry best friend. In fact, most of your life is centered around decision-making, from the time you decide to wake up in the morning to what you want for breakfast.
Financial Literacy 101: The 5 Fundamentals
Financial literacy and financial security go hand in hand. While budgeting and retirement savings accounts often come to mind, financial literacy covers so much more. From understanding debt to preventing identity theft, the fundamentals of money management include a variety of areas.
Estate Taxes Vs. Inheritance Taxes
Preparing for the future requires more than just creating a will. It also involves careful estate planning to ensure the ones you love receive assets after your death. Your estate and the gifts bequeathed to family and friends will be subject to federal and state taxation at this time, and it’s important to work with an experienced financial advisor who understands these issues and can help minimize taxation
Estate Planning Checklist – Are You Prepared
Putting off estate planning is common. When work, family, and other matters are at top of mind, thinking about a time when you have passed on or can’t manage your affairs is often pushed aside. In fact, a recent survey reveals that just 60% of Americans over age 55 have created estate planning documents,
Is Life Insurance a Good Investment?
Often clients come in with various investment products sold to them by “life insurance experts” that, had they been more informed, they would not have purchased. When an agent is in selling-mode, it can be difficult to discern the truth from the fluff. So, is a life insurance investment a good idea? It depends.
Coronavirus & More
In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we have just experienced the third presidential impeachment in American history. In international news, the latest coronavirus outbreak has hit China, now referred to as COVID-19,
Buying In On The Dip During COVID-19
Believe it or not, buying in during a dip in the market may be the perfect opportunity to pursue an investment you have considered for some time. Due to the COVID-19 pandemic, the economy has taken a bigger hit than many have seen in their lifetime. While these are tricky times, the smart move would not be to wait it out, but to take advantage of the opportunities presented.
7 Ways to Lower Your Tax Liabilities with the Help of a Financial Planner
Along with big life changes, adjustments to the tax code can affect the best-laid financial plans. Making timely adjustments to your tax strategies under the guidance of your financial planner can help ensure you’re maximizing returns and minimizing the tax liabilities that will cost you more in the long run. While taking advantage of the income tax planning services provided by Park Place Financial,
6 Benefits of Hiring an Estate Planning Attorney
Today we can do almost anything online. From hiring a contractor to buying a car, it’s easier than ever to skip traditional appointments and processes by taking matters into our own hands. While this approach is convenient in many situations, it’s never wise when preparing wills, trusts, powers of attorney, healthcare directives, and other documents that establish your end-of-life wishes.
5 Tips to Prepare for Your Retirement Exit Strategy
As you approach retirement, dreams about new hobbies, travel, and seeing family more often are common. Yet planning for how you’ll maintain your lifestyle, pay for healthcare, and protect your financial wellbeing is just as important. Creating an exit strategy that accounts for all the financial changes of leaving your career or business can help simplify this process and allow you to focus on the joys of retirement.
The Dangers Of Avoiding Retirement Planning
Planning for retirement at or a few years prior to your desired retirement date is not prudent retirement planning advice, though it is how a majority of the working population operates. Considering how to plan for your retirement may feel more like a spring cleaning task than a doctor’s appointment.
