You’ve shopped around for whole life insurance and have found a policy that yields the best benefits for your family, from funeral preparations to aiding in supporting them for years to come. However, you may not be aware that there are some ways you can reap the benefits of your life insurance policy during your… Read More 4 Ways Your Life Insurance Policy Can Benefit You While You’re Living
One of the major problems that occur with preparing for one’s passing and financial distribution is that people frequently leave the matter to the very last minute and then make rushed decisions with bad information. This can cause common mistakes to occur that could be avoided with proper preparation. Every financial professional will be quick… Read More Common Estate Planning Mistakes to Avoid
Having at least a basic insurance plan is essential for anyone. While many jobs cover your insurance needs, not all of them do. It’s important to figure out what insurance plans you need and what works best for you and your family. Choosing an insurance plan can be complicated, so when doing so, try to… Read More Back to Basics: 9 Common Insurance Mistakes to Avoid
If you want to add investment real estate to your diversified portfolio, you’re going to want to know what a 1031 Exchange is. While the rules and regulations for this tactic can get complicated, understanding the basic concepts will help you decide if this strategy is right for you. Let’s look at what a 1031… Read More What is a 1031 Exchange?
As an executive, it’s likely that you’re feeling pressure to put together an estate plan. Because of the unique way you may be compensated as an executive, there are details to identify that not everyone else needs to focus on. Your accumulation of assets is more than likely in a variety of contexts, including real… Read More Estate Planning for Executives
Budgeting has long been known as a key way to ensure your expenses don’t outweigh your income. However, despite its benefits, only about one-third of Americans and one-half of Canadians maintain a household budget.1,2 While the reasons for this vary, one could argue that a lack of financial education in our grade school years could potentially… Read More Rule of Thumb: The 50/20/30 Budget Rule
A commonly used analogy to describe the two broad forms of life insurance is: renting vs. owning. Term life insurance is like renting a home. When you stop paying for coverage, your benefits end. On the other hand, with permanent life insurance, you build up cash value (i.e., equity or ownership). This cash value is… Read More The Rationale Behind Permanent Life Insurance
Tax season is officially here. If you haven’t already done so, now is the time to get prepared. Whether you meet with a tax professional or prepare your taxes yourself, proper planning helps the processes go more smoothly and may reduce the risk of costly errors. Check out the tips below and prepare to tackle… Read More Your 2024 Tax Season To-Do List
Keith Weiss CFP® 