High Earners, What Is In Your Portfolio?
In a world of record-low interest rates and a $128 trillion global bond market, understanding implications is crucial.
October 29, 2020
In a world of record-low interest rates and a $128 trillion global bond market, understanding implications is crucial.
Be cautious of generic financial advice; what works for others may not align with your unique goals and circumstances, emphasizing the importance of personalized financial planning.
We see our client relationships as lifelong partnerships, guiding them through life’s changes with personalized financial planning, ensuring adjustments are made as needed for optimal outcomes.
Savings vehicles are tools for financial advisors; ensure yours employs diverse strategies, from retirement plan analysis to tax-efficient investments, for comprehensive planning.
Understand the risks of irrevocable distribution decisions and creditor status in deferred compensation plans, considering the T.A.G. test—Tax Efficient, Access, Growth Opportunity.
Stick to financial fundamentals: diversify investments, maintain an emergency fund, prioritize estate planning, transfer major risks with insurance, and save for growth.
Beware the wealth-sapping influence of behavior and seek guidance from a financial planner aligned with your goals, adjusting your portfolio only when necessary.
Understanding financial advice costs involves two paths—advisory and brokerage.
I invest in a $3 million 20-year term insurance policy to bridge a $3.5 million gap in family needs, contrasting potential investment scenarios to achieve the same net worth in 20 years, emphasizing the importance of wise investing and choosing the right financial tools.
How Know My Plan stands out in our financial planning process, with the focus on You.
Have you ever thought what do I have? Why do I have?
If so, the castle picture will let you know.
Financial planning builds a protective moat around your castle. But what is it protecting you from?