You can build a spending plan that allows you to “invade” your principal balance, without adding significant risk that you’ll outlive your money.
Your advisor needs to know what resources are available to help you accomplish goals, create an accurate long-term roadmap, and to avoid potential landmines. All of your current and future assets will play an important role, but there are a few areas where it’s crucial to come clean
Mark retired in his 50s. Manny is in his 60s, works full-time, and has no desire to slow down. But they have one thing in common that may increase both of their lifespans.
Why it may make sense to bequeath your IRA to a charity instead of a person.
Before you attempt to align your values with your money, make sure you’ve explored all of your options.
Alternative solutions that help you maximize your dollars while still protecting yourself from the unexpected.
Strategies to maximize your charitable giving according to your values.
Finding a financial strategy that fits your relationship starts with having a conversation.
If you expect to have years where your taxable income is unusually low or negative, talk to a professional to make sure you don't miss out on tax savings.
Though difficult, having an open dialogue around inheritance is beneficial to both parents and their adult children.