What Does Financial Wellness Really Mean?
Weekly Update – 9/20/23 The concept of wellness is used often, generally when referring to a balanced and fulfilling life overall. But what does it mean when someone refers to their financial wellness? Financial wellness encompasses all aspects of an individual’s...
8 Must-Ask Questions for Your Financial Advisor this Fall
With autumn around the corner, it's prime time to reassess your finances alongside your financial advisor. To make the most of this opportunity, consider posing these eight essential questions during your fall financial review. Can you summarize my current financial...
Ten Birthdays Impacting Your Retirement Income
Weekly Update – 8/30/23 Your age significantly affects how much money you'll have during your retirement years, and different retirement benefits have different eligibility ages. Over the course of 23 years, from age 49 to 72, you'll need a financial retirement plan...
Commonly Overlooked Healthcare Expenses
Weekly Update – 8/23/23 Proper retirement planning is vital for securing financial well-being during the later stages of life. Among the crucial aspects that are often neglected, healthcare expenses stand out. While healthcare is a necessity for retirees, it can also...
IRS Issues Warning on TikTok-Promoted Trusts
IRS has issued a Chief Counsel Memorandum (CCM) – AM 2023-006 (August 9, 2023) warning people about the proliferation of incorrect information regarding so-called “NICDS” (non-grantor, irrevocable, complex, discretionary, spendthrift trusts). IRS says that several...
A Cautionary Tale of Estate Planning
Weekly Update – 8/16/23 It was a significant moment etched in history—August 16, 1977—when the world mourned the loss of the iconic "King of Rock ‘n’ Roll," Elvis Presley, whose passing was attributed to a sudden cardiac arrest. In a manner similar to other well-known...