Do you have a will or an estate plan? Around half of you reading this said “no.” And of those of you who said “yes,” most haven’t updated their will or plan in some time. If there’s a common unaddressed problem in the financial plans of many adults of all income levels, it’s what to do about their assets when they’re gone.
WANTED: High-energy, extremely selfless and caring multitasker. Duties may include: negotiating the nation’s complex health system, arranging frequent trips to various medical facilities, maintaining a strict prescription schedule and daily tasks such as cooking, cleaning, dressing, bathing and other household chores. Required skills: strong communicator, high stress tolerance and ability to lift more than 20 pounds. Must have a valid driver’s license and must be willing to work long hours and available on short notice. Salary: N/A.
As a new mom and a CERTIFIED FINANCIAL PLANNER™, of which only 23% are female, I am keenly aware that the financial challenges men and women face are not equal.
Society has come a long way in improving gender equality, but there are still many roadblocks that are unique to women when it comes to planning for retirement – earning less, spending more time out of the workforce and living longer, to name a few.
We love our clients.
We also love each other as a dedicated, hard-working team.
Therefore, it is with great pleasure to announce Advance Capital Management was recognized as a 2019 Best Places to Work for Financial Advisers by InvestmentNews magazine.
We were chosen as one of this year’s top-75 firms based on employer and employee surveys delving into everything from company culture, benefits, career paths and more.
Not all financial goals are alike, so the way you save for each one should be different, too. Think about it. You don’t save for a vacation in an IRA and you don’t save for retirement in a low-interest savings account.
There’s nothing wrong with wanting the best for your children and your grandchildren. Specifically, the best tools for them to succeed. Therefore, you might not bat an eye when a child or grandchild asks you for help to pay for college.
Although our financial lives are all different, we tend to look for one-size-fits-all solutions to our financial challenges. Take debt, for example. There are two effective methods that will help you pay down debt: the debt snowball and the debt avalanche. Instead of taking the time to consider which method is most appropriate for their financial situation, most people just want to know: “Which method is the best, the snowball or the avalanche?”
Retirement is about utilizing each dollar of your accumulated wealth to live comfortably on your terms and, hopefully, fulfill some of your biggest dreams. At least, this is how retirement is supposed to work. Unfortunately, people too often find their financial futures hindered by debt.
The end of the year is giving season, but tax reform has changed the rules for charitable contributions. Many donors won’t receive the same tax breaks like in years past. However, there are two giving options available that will allow some donors to preserve those charitable tax deductions.