Q&A: Is now the right time to revisit my investment strategy or asset allocation?
It is always the right time to revisit your investment strategy or asset allocation. In fact, we recommend that our clients meet with their advisor on a yearly basis, or following a lifechanging event, to revisit their risk tolerance, update their financial plan, and ensure they are still on track to achieve their goals.
Q&A: Should I keep my life insurance after I retire?
Life insurance serves an essential purpose during your peak earning years. Providing financial support for your loved ones in the event of a premature demise is incredibly valuable. Later in life, the question becomes, “should I keep my life insurance policy?” The answer, like most financial advice, is “It depends.” This article provides general guidance when considering your policy.
Q&A: What are 529 College Savings Plans and their tax advantages?
As college costs continue to rise (the estimated cost per each year of college at a 4-year public university for today’s newborns is over $50,000 per the College Board, College Cost Calculator), it is important to evaluate different opportunities to save for college and invest sooner than later.
Q&A: Why do I need a financial plan?
A “good” financial plan is one that is custom to your needs and will create a road map to help you achieve your goals. Depending on your situation, your plan can focus on a few life goals or provide a more comprehensive plan addressing your entire financial situation.
Our team of wealth management advisors, financial planning advisors, and tax advisors regularly write articles to answer frequently asked questions (FAQs). These articles cover topics spanning our comprehensive service offering. We often include the Q&As with our monthly client newsletter covering the current “State of the Economy” and firm updates. In addition, each service page features relevant Q&As to offer additional insight. You can view these articles by scrolling to the bottom of each page and toggling right or left.
Examples of topics our articles cover include: definitions for the different types of power of attorney, the roles of both dividend-paying stocks and fixed income stocks in a portfolio, information on 529 college savings plans, etc. Contact our team if you have any questions regarding our articles and how they relate to your investments.
Furthermore, our goal is to shed light on complicated topics related to wealth management. We hope that by doing so, you can spend less time worrying about your finances and more time making memories. Please send us a note through our contact form if you have suggestions for future articles. We hope you find these articles insightful and educational. Your feedback is always appreciated.
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