Resources

Financial Planning

Student Loans and Planning Considerations

There are many nuances to student loans that are important to understand, whether a client or child of a client is coming to you with existing loans, or contemplating taking out new loans for further education. Decisions surrounding student loans can impact other areas of a client’s financial plan, such as their progress toward other goals, life insurance coverage needed, and even tax filing status. Here, we delve into characteristics of different types of loans, and some planning considerations.

Financial Planning

Types of Trusts

Trusts can play an important role in the estate planning process, with many types each suited to various client situations and goals. While it is best to work with an estate planning attorney, having a basic understanding of the most common types can help you start the conversation with your clients:

Financial Planning

Beneficiaries: Per Stirpes versus Per Capita

Per Stirpes and Per Capita are legal terms used in the law governing inheritance and estate. These designations are used as part of account beneficiary designations and/or wills to determine how the assets are distributed if a beneficiary passes away ahead of the account owner or testator.

Financial Planning

Retirement: A Modern Spin for the Next Generation

Student loan debt, stagnant wages, historically high inflation and home prices, the demise of pension plans, and the uncertain future of the Social Security system make many young Americans question if they will ever be able to retire at all. In addition, social and cultural norms are in a constant state of evolution, disrupting many previously successful approaches to financial planning. As a result, customized accumulation planning for retirement may be more important than ever, despite factors that may be outside of our control.

Financial Planning

Joint Property Titling Overview

The way property is titled overrides any beneficiary designations or wills, thus it is important to understand the various options and considerations. In this article we outline options for titling joint property, which could include both investments and real estate.

Financial Planning

General Financial Planning & Wellness

An important foundational component of a solid financial plan is General Financial Planning, also known as Financial Wellness. Below is an overview of the basic aspects of General Financial Planning to help you understand the importance of how they fit together in a cohesive financial plan.

Financial Planning