Your finances don’t necessarily follow the calendar, but some parts of the year are better for financial housekeeping than others. With tax season around the corner, the end of the year is a great time to review your finances and plan for the new year ahead.
Yes, you read the title right. Too much cash. Some of you may be thinking: how can anyone have too much cash? To put it one way, cash is a financial asset, but it’s not always an asset to your finances.
We are happy to recognize four Advance Capital Management financial advisors – Ryan Sheffer, Michael Hohf, Daniel McHugh and Terra Hohf – have been named to Forbes magazine’s 2021 Top Next-Gen Wealth Advisors list.
On the list of top retirement planning goals, long-term care funding for many people is probably near the bottom. Who wants to think about spending time in a nursing home instead of time in a vacation home? But as the life expectancy of older adults rises, almost everyone should consider having some kind of plan in place.
Remodeling the kitchen.
Building an addition for workspace.
Paying off debt.
There are a variety of good reasons to consider tapping your home for cash.
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.
At the most basic level, college commencement speeches are intended to inspire and motivate graduates about to enter the “real world.” But these speeches often convey timeless pieces of wisdom that are relevant to anyone – including those 10, 20, 30 or even 40 years out of college.