The major issues in your estate plan are deciding who should receive your assets and how they should receive them (directly or through trusts, for example). Two other important issues that don’t receive as much attention are: How much wealth should you transfer sooner rather than later, and when should you give it? While these usually are considered as tax questions, there are many important non-tax angles. Developing optimum answers can increase the family’s after-tax wealth in the long term.
Higher returns with less risk is the holy grail of many investors. One way to achieve that is by investing in high quality hedge funds (not pre-packaged funds of hedge funds or mediocre hedge funds). Another way to do that, which has been profitable to my subscribers for some time is to invest in a portfolio of mutual funds that use traditional hedge fund strategies.
The cost of banking is rising. Banks lost a lot of money the last few years. They are making it back with higher fees and new fees on checking accounts. It’s a good idea to look around for alternatives to your basic bank checking account.
The wildcard in every retirement plan is the cost of medical care. Medical expenses above estimates are the cause of many retirement plan failures. There are several reasons medical expenses disrupt so many plans…
Among the more difficult retirement planning decisions are whether or not to buy long-term care insurance and, if so, at what age to purchase it.
As readers re-focus on their estate plans, they should take care to avoid the five main types of errors committed by estate owners.
Financial security for you and the objects of your affection is a priority of legacy planning.
It is important to transfer principles to the next generation but not necessarily methods of preserving and growing wealth.
Hedge funds don’t all follow the same investment strategy. The best hedge funds, however, tend to follow one or more of several successful strategies.
High school and college students are rolling into the work force during the summer break. Many areas report that local students are seeking jobs in numbers not seen in years. You can make the summer job experience more rewarding for your grandchildren or children, a reward that will pay off for decades. You also can provide an extra incentive for those who need more motivation to seek employment.
