Whether you need advice about retirement planning, estate planning, tax planning, college planning, charitable planning, debt management, or insurance planning, there is a financial advisor out there who is well-equipped to help you achieve your goals.
As I reflect upon my 11 year old daughter after her last Lacrosse practice of the 2019 season, I can’t help but relate her journey to investing. You see it was 5 years ago that she walked on to the lacrosse field for ...(more)
One of the big discussions in the profession is choosing the age retirement should be planned to. Should it be age 95? Age 100? Some other age?
Here’s a good brief discussion on the implications of choosing an age: ...(more)
Have you ever been asked, “What’s your money personality?” It’s not a question many of us have ever been verbally asked before, much less stopped to consider how to answer. Does the thought of updating your budget and ...(more)
Nothing is more unsettling than a roller coaster stock market, which can send participants into panic mode as they nervously watch wild dips in their 401k plans.
Always remember the time-honored saying: it’s a ...(more)
Most people have the illusion that they have steady income. This is another example of recency bias (as it relates to income in this post) where people have become accustomed to their current income and forget it ...(more)
If you have accumulated fund in your child’s 529, congratulations!
You are probably a member of the elusive Savers who plan ahead and hate debt. A savers’ immediate instinct is to use all the designated savings ...(more)
Sure, there’s the rush of buying, but why?
It boils down to the Diderot Effect.
In 1763 philosopher Denis Diderot was paid a large sum of money for his library by Catherine the Great.
He purchased a ...(more)
Business owners often express how hard it is for them to attract and retain talented employees who are key to business operations. I just spoke with a client this morning who told me “we recently lost a very key ...(more)
One of the more popular ways to use your self-directed IRA to invest in real estate is by using the IRA/LLC structure. A self-directed IRA requires using a custodian which is responsible for holding and administering ...(more)
Self-directed IRAs are a little known tool which allows you to invest in real estate (among other things) and get all of the tax benefits that an IRA gives you. There are several qualified retirement plans that you can ...(more)
The reason most of us have an estate plan is to make things as stress free as possible for those we leave behind. That’s why we spend the time and money necessary to get our estate planning documents in order and make ...(more)
Health Savings Accounts are perhaps one of the most underutilized retirement planning tools available. HSAs are arguably one of the most tax friendly ways to save for retirement since they offer a “triple tax benefit”. ...(more)
Most people believe Medicare covers dental – nope – Medicare does not! Some Medicare Advantage plans do (and some don’t – you need to check). Some retirees may have employer provided dental coverage. Check to see if ...(more)
Two big areas of confusion among people and advisors are the Windfall Elimination Provision(WEP) and the Government Pension Offset(GPO). Although they are often spoken in the same breath, they are really quite ...(more)
By Daniel Snover and William Davis
Successful investors will tell you they probably think more about losing money than they do making money.
Not that they’re ignoring the hard task of finding winners. They are not. ...(more)
When it comes to giving, the #1 question I get is “what’s the right amount to give?” A less frequent question but almost important decision is “what’s the right way to give?” In addition to being able to give by cash, ...(more)
Wealth Planning is For Everyone
The best wealth management plan has nothing to do with “outside forces” beyond your control, but rather everything to do with what’s most important to you. Instead of feeling ...(more)
This is a difficult environment for individuals living on a fixed income. The problem is trying to invest money safely while getting a reasonable return on an investment (ROI). Money market funds and CDs are barely even ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.