If anything good has come from the last few years of uncertainty and volatility, it’s that many of us are becoming more financially literate. We’re more aware of our finances and are better at prioritizing our expenditures. We’re also more aware of how important it is to save for the future, while still enjoying the […]
Are Emotions Controlling Your Personal Finances? Read More »
For many families, finances are rarely discussed in detail, even as children mature into adulthood. But as your parents age, especially if they live into their 80s and 90s, there’s a chance that they may lose their cognitive function and be less capable of managing various tasks. This can be upsetting for some parents and
Talking to your Aging Parents about Finances Read More »
If you’ve just begun your career and started collecting a decent paycheck, retirement probably feels like it’s lightyears away. But it will get here quicker than you expect, and when it does, you’ll want to be prepared. And if you’re in your 40s or 50s and haven’t started saving for retirement yet, it’s not too
How do I Start Planning for Retirement? Read More »
It’s believed that retirement planning as we currently know it didn’t really exist until a few decades ago. Up to that point, people worked until 65 and then sailed into retirement on a pension plan. Over the next few decades, as life expectancy and years in retirement expanded, financial professionals came up with simple guidelines
The New Normal Retirement Read More »
If you have read any literature on retirement planning or have received advice from a financial professional, chances are you were presented with the 70% rule, the one that suggests that retirees will need between 70 and 80% of their pre-retirement income in order to maintain their standard of living. There are several flaws with
Retirement Income Planning Requires Realistic Spending Assumptions Read More »
Donating to charities is a win-win when filing taxes. You get to help a cause you care about and can claim dedications on cash contributions. But what happens when the charity you’ve given to is fraudulent? You’ve now donated to a false entity, haven’t helped the cause, and cannot write it off on your taxes.
Charitable Giving: Doing Your Due Diligence Read More »
A will is the foundation of your estate plan and it is essential if your financial affairs are to be settled in accordance with your wishes. If you die without a will, or “intestate” as the law refers to it, essentially the state becomes your executor and your property will be distributed according to its
Should You Have a Living Trust? Read More »
While the current stock market boom has some people rejoicing it doesn’t appear as though their level of anxiety has abated much. Investors sometimes have short memories, but a stock market rally s is not likely to make people forget the carnage left behind in their 401(k) s and stock portfolios after one of the
Asset Allocation = Risk Allocation Read More »
The success or failure of a financial plan is driven by a variety of possible influences. Factors like the right rate of savings, good investment selection, and careful risk management are all important and commonly recognized as elements of a high quality plan. Going a step further and incorporating a well thought out estate plan
For Financial Planning Success Consider the Impact of Behavioral Finance Read More »
With the current popularity of robo-advisors, some wonder what the difference is between an algorithm and a financial professional. Robo-advisors have been able to offer an alternative to traditional financial professionals to those with limited resources. They can provide automated advice and portfolio management based on your criteria with low costs and low account minimums.
Why Financial Professionals Are Still Important Read More »
Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: (CA, CO, LA, MN, MS, SC, TX).
© 2022 Bellingrath Wealth Management & Employee Benefits All rights reserved.
