General

Critical Mistakes to Avoid After Divorce

By Bonnie Sewell Unfortunate fact: a woman’s standard of living, on average, goes down by almost 30% after divorce. If you are a woman in this unfortunate situation, seek care and consideration from a financial adviser with expertise in helping clients going through a divorce. Understanding what women face financially after such a big transition includes recognizing…

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IRS, Crypto Currencies, and Your Divorce

In our divorce workshops this past weekend, we shared information on tax reform and the impact on divorce settlements.  Consider this, however – the best tax planning under the new law could become perilous if the regime changes as early as midterm elections.  The next potential upheaval would be 2020 after that and, of course, except…

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Using an SPIA to Purchase Life Insurance

Submitted by DYSNYD Because we also work with older, high net worth clients, we have uncovered the need for life insurance, either to provide estate liquidity or for the purpose of increasing a family legacy. Whatever the reason, a life insurance policy is a major purchase for older clients, often requiring the payment of large…

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That’s Money In The Bank

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” – Ayn Rand Security, liquidity, and earnings are all benefits to having a savings account. Your money is federally insured up to $250,000 and you can access your money when needed. That doesn’t mean that…

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Do Spouses Need the Same Amount of Life Insurance?

Pat and Kelly, new parents, made a couple monthly budget adjustments upon the arrival of their first child. First, due to the added cost of day care and dependent health insurance, they decreased the amount they were saving for a house. And second, they agreed to review their life insurance needs. Pat’s sister suggested they…

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What’s the Deal with Robo Advisors?

Submitted by American Capital Planning If you follow any financial publications, there’s no doubt that you’ve seen the words “Robo Advisor” splashed across the pages. It’s flashy, it’s buzzy, but what exactly is the deal with Robo Advisors? It’s easy for the media to glorify, or even glamorize the idea of Robo Advisors, but robo…

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