Is A Will the Same Thing as a Trust? No…
Though they are often mistaken for one another, a will and a trust are very different legal documents. Both are legal instruments that ensure any assets passed down to heirs and beneficiaries are in accordance with your wishes. While each is considered a pillar of estate planning, there are several disparities to consider, such as […]
Why You Need a Fiduciary Financial Advisor to Manage Your Retirement
A Do-It-Yourself approach in certain circumstances can be an effective way to save money. Renting a moving truck and doing the lifting yourself is far cheaper than hiring a moving company. Performing your own home maintenance can save thousands of dollars over the years (provided you know your way around a toolbox, of course). But […]
10 Questions to Ask When Interviewing a Financial Advisor
October is National Financial Planning Awareness Month and as the year winds down, many Americans will have questions regarding their finances. Maybe you received a windfall from stocks and want to build a more diverse portfolio, or maybe you need some help with tax planning before the IRS comes calling in April. “When To Hire […]
When To Hire a Financial Advisor?
October is National Financial Planning Month! It’s a time before the holidays when everyone can take a step back and review their financial pros and cons. Are you on track with your retirement goals? Are there any expected expenses or windfalls on your horizon? October might only have 31 days, but financial planning is a […]
How to Choose a Financial Advisor
A financial advisor is a catch-all term used to describe a variety of professionals. Financial advisors can serve individual clients across the spectrum of wealth, businesses of all sizes, and even institutions and government bodies. There are literally dozens upon dozens of different types of advisors, each with their own specialties, skills, and expertise. If […]
Understanding Your Financial Advisor’s Credentials
When searching for a financial advisor, you’ll come across enough acronyms to fill a phone book. Financial advice can be a very broad topic, but most advisors narrow down their specialties to fill specific voids. Think of it like medicine – cardiologists, neurologists, and pediatricians are all doctors, but you wouldn’t visit a cardiologist if […]
CPA vs CFA vs ChFC
If you’ve read anything about the financial advising industry, you’ve surely noticed the overwhelming number of acronyms. Every financial advisor has their own suffix attached to it and separately they can all be very confusing. We’ve discussed CERTIFIED FINANCIAL PLANNER™s (CFP®s) and how they tilt their practice toward individuals and families. 6 Reasons to Hire […]
CERTIFIED FINANCIAL PLANNERS™: Are They Worth It?
Working with a CERTIFIED FINANCIAL PLANNER™ (CFP®) is usually seen as a privilege only the very rich can afford. Having enough money that you need guidance on what to do with it seems like a great problem to have. The truth is, a CFP® does not work solely with the richest subset of Americans. In […]