When the final bell tolls, how much money do you want to leave to your children? How much is too much? How much is too little? It is almost a rhetorical question since there isn’t a right or wrong answer. Years ago, I had a widowed client, Max, who was 84 years old....
Estate Planning
Legacy Planning: Designating Your Beneficiaries
According to the Investment Company Institute, total US retirement assets exceed $23 trillion, mostly in employer-sponsored retirement plans and IRAs. How these assets transfer to the next generation is a very important part of the financial planning process....
Here’s a Merry Approach to Mortality
he holidays (normally) conjure warm images of large family gathering with dinners, gift exchanges, and merriment. The holidays are different this year. As the COVID pandemic is filling ICUs across the country, our mortality has entered the national conversation. With...
CARES Act Economic Impact Payments: Great Expectations
One of the provisions of the CARES Act signed into law last month that has received the most press is the economic impact payments. These payments, also referred to as stimulus checks or recovery rebates, are desperately needed by many individuals at this time and are...
How The CARES Act Will Impact Retirement Plan Distributions
Opportunity Alert! The CARES Act impact on retirement plan distributions in 2020 Are you planning on a retirement account distribution this year? Whether you had planned on required distributions but wish you could leave funds alone, or you now need a distribution to...
What You Need To Know To Keep Savings on Track
This past week was designated as America Saves Week, which is an annual call to action for everyday Americans to commit to saving successfully. In honor of this event, which is now in its 13th year, certified financial planner Suzanne Himes is here with some tips and...
How to Choose An Executor For Your Will
According to surveys, more than half of American adults don’t have a Last Will and Testament. While the reasons for this vary, one stumbling block can be choosing an executor. Suzanne Himes, lead financial planner at Asset Planning Corporation, joins us with what to...
What Are Digital Assets and How Can I Store Them?
Most of us have “digital assets”; in fact, there are 271 million North American Internet users. However, many times planning for digital assets is overlooked, even when it involves financial or business assets. Certified Financial Planner and Money Man Paul Fain...
Do You Need a Trust for Your Estate Plan?
Do I need a trust? Even if one’s financial life is fairly uncomplicated, whether you are 28 or 88 years old, everyone should have an estate plan for their stuff. But do you need a trust? Paul Fain, certified financial planner at Asset Planning Corporation, answers...
Estate Planning Basics
According to a recent survey from Caring.com, six in ten American adults do not have a will or living trust. Just what is an “estate plan?” Certified Financial Planner Paul Fain joins us again with your Sunday Money. WHY DO SO MANY PEOPLE IGNORE ESTATE PLANNING? The...