Marriage is a big life change for just about everybody. Forming this special union is about more than just emotions and love, marriage actually creates a legal and financial connection between two people that is significant and can have serious ramifications. Therefore, it is not a bad idea to start looking at updating your estate planning strategy if you are engaged to be married.
If you are just starting out in creating an investment portfolio you will first have to understand some basic concepts about the financial markets. One of these concepts is learning about the different asset classes available to you as an investor. Each asset class will have its own particular characteristics, risk level and potential reward. Here are some of the basic asset classes, in order of lowest to highest risk.
Most personal finance professionals suggest that you do not touch the money in your 401(k) until you have reached full retirement age. However, there may be certain circumstances that will prompt you to think about doing so despite this advice from knowledgeable...
Real estate has historically been a reliable way to accumulate intergenerational wealth which can be passed onto heirs. For this reason, many people will consider purchasing an additional investment property after they have bought a house to live in. However, owning...
Dealing with the death of a loved one is always challenging on an emotional level. It can also be difficult financially. On the other hand, many may also realize they might qualify for survivor benefits from Social Security. However, the exact amount you qualify to...
Marriage comes with many significant changes to a person’s life. When you marry you are legally and financially linked to your spouse in various different ways. This means you will need to update your estate plan to reflect your new life changes. There are several...
History in the making An event that shocked the nation and the world, September 11 was one of the defining moments of our lifetimes. It changed our country forever; in ways we’re still unraveling decades later. While we’ll never forget the terror of that day or the...
Most people understand the term “guardianship” as something that has to do with caretaking of children or adults who cannot do so for themselves. Addressing guardianship of people you are responsible for taking care of is an essential aspect of estate planning. In the...
It is impossible to see into the future and know exactly what is coming. This is definitely true for when you may end up passing away. Although most people are hoping to live a long and healthy life, sometimes things do not turn out the way they hope. Therefore, you...
Most people when they think of Social Security, they think of an agency which provides benefits to people during their retirement years or to those who are disabled. However, Social Security can also help your survivors financially after you have passed away. If you...
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