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5 Types of Investment Fraud You Must Know
5 Types of Investment Fraud You Must Know
A critical skill for any investor is the ability to spot a financial scam when presented with one. Unfortunately, all too many investors are fooled every day – don’t let yourself become a victim! While investment fraud can come in all shapes and sizes, there are five notable “red flags” you should always watch out for when looking at an investment....
5 Commonly Heard Myths about Social Security
5 Commonly Heard Myths about Social Security
Upon retirement, many of us expect to receive our Social Security benefits – a much needed supplement to our income in retirement. And due to this expectation, it’s no surprise we become uneasy when we hear worrisome remarks on the fate of Social Security. Here are five common myths we hear about Social Security, and the actual facts behind each on...
When a Marriage Ends, What Happens to Your IRA?
When a Marriage Ends, What Happens to Your IRA?
Though no one likes to admit it, divorce is a very real possibility for many marriage in the U.S. – with between 45 % estimated to fail*. It is undoubtedly a stressful occurrence, but it’s important to not let yourself be taken advantage of. There are a number of financial traps the unsuspecting can fall into, especially when it comes to your IRA o...
Tax Advice for Hurricane Victims
Tax Advice for Hurricane Victims
As a business with one of our locations in Florida, we are all too familiar with the ways a hurricane can flip your life upside-down. This year has already been devastating, with both Hurricane Harvey and Hurricane Irma ripping through Texas and Florida.   Thankfully, for those affected by natural disaster, the IRS offers some relief. It ...
Why Many Trusts End Up Failing
Why Many Trusts End Up Failing
A trust can be a powerful estate planning tool – protecting your assets from creditors, shielding your estate from loss, safeguarding benefits for the disabled, avoiding probate costs – we could go on. And yet, many trusts fail to work the way they were intended to! So what makes a trust fail? We’ll talk about some of the most common mistakes we se...
Caring for Your Pets Once You’re Gone
Caring for Your Pets Once You’re Gone
Though not an unusual request, we realize that estate planning for a pet or pets is not all that common. For many people, their pets are viewed as members of their family, and are treated as such. So even though you can’t leave money or property to your pet as you could a normal beneficiary, you can still plan to make sure your pet has a good life ...
How Long to Hang On to your Financial Statements
How Long to Hang On to your Financial Statements
When preparing for our financial planning meetings, we occasionally ask clients for various financial statements - be it insurance statements, tax returns, etc. At times, we’ll request to see documents that go a few years back. And during tax season? If you’ve ever been audited by the IRS, you better believe they’re going to ask for anything and ev...
What is Risk Tolerance and How Do You Determine Your Own?
What is Risk Tolerance and How Do You Determine Your Own?
Thinking about risk in investing can elicit a number of emotions. Does it mean the opportunity for great returns? Or does it bring up thoughts of being left with nothing? Or to you is investment risk not exciting at all, just an inevitable part of the investment process? Asking these types of questions can help you better understand what your risk ...