Common Financial Mistakes in a Divorce
Some common financial mistakes related to divorce include but are not limited to: Negotiating to retain the marital home when the party cannot afford it. Not obtaining complete information on all retirement plans, employee benefits, and stock options. Not evaluating the defined benefit pension plan correctly. Thinking that retirement assets have the same value as…
What Does a CDFA Professional Do?
As a CDFA professional we: Are a part of your divorce team we provide litigation support for the attorney and client on financial issues such as: Understanding the short-term and long-term effects of dividing property. Understanding tax issues. Analyzing pension and retirement plans. Calculating the present value of a pension. Determining the cost basis and…
Retirement Plan Assistance
Do you need assistance in making the best investment selections for your retirement plan? We review your options and build a portfolio specific to your needs and goals. Or, like many others do you have an old company sponsored plan (401(k), 403(b), etc) that has not yet been rolled over or consolidated? There are a…
Stop Paying High Fees in Your Annuity
Fees in your annuity are the silent killer. These fees come in a number of forms: M&E (mortality and expense) charges, administrative fees, annual maintenance or contract fees, riders, sub-account fees, and surrender charges. Typical variable annuity fees add up to nearly 4% per year in fees; so if you have a $500,000 annuity you are…
$500,000 Retirement Account Case Study
Did you know that a 65 year old with a $500,000 retirement account that earns 8% per year and withdraws $50,000 per year (increasing 4% each year for inflation) will be broke by the time they are 77 years old? Knowing you only have 12 years of income with little to no earning potential is…
What Your Financial Advisor Does Not Want You to Know
The business of providing financial planning and investment management can be very hard to understand for the common investor. Whether it is deciphering the goals of your advisor or understanding how much or what you are paying for. Here are a few items that your advisor does not want you to know. There is no…
The Types of Financial Advisors and Their Roles
Types of Advisors: Registered Representative (RR): these advisors are not truly advisors they are sales people who make commissions off of client transactions. Their goal is to generate revenue from transactions and their duty is owed to their firm not you, the client. They do not have to disclose conflicts of interest. Investment Advisor Representative (IAR): these…