Few things can derail your estate plan as quickly as unanticipated long-term care (LTC) expenses. Most people will need some form of LTC — such as a nursing home or an assisted living facility stay — at some point in their lives. And the cost of this care is steep.
Chris West, CPA, PFS Grandma would always tell us kids to “save some money for a rainy day.” Grandma was always very wise in many matters, and being wise with money was no exception. Essentially, Grandma was referring to the three foundational behaviors of building wealth, which are:
The bond ladder concept can be simple at the outset: You just need some basic arithmetic to divide up your fixed income allocation into a staggered schedule designed to mature at predictable intervals. Dependable cash flow can provide peace of mind, and spreading maturities can spare you from making big
Risk can be defined as the potential for market losses or, on a more relative basis, for not keeping up with the Joneses. During a roaring bull period, when indexes and average investments are soaring, falling far behind the Joneses exemplifies another kind of risk. Risk-Return Ratio How many units
If you’re concerned about the impact of transfer taxes on your gifts, consider making “net gifts” to your loved ones. A net gift is simply a gift for which the recipient agrees to pay the gift tax, thereby reducing the value of the gift for tax purposes. It may also
If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and other money management skills can help keep your legacy alive. Teaching Techniques There’s no one right way to
Chris West, CEO Dalby Wendland is pleased to announce the addition of wealth management services to its suite of client offerings. DWC Wealth Advisors provides comprehensive wealth management services that will help integrate tax, wealth, retirement, and estate planning services for clients. DWC Wealth Advisors has engaged independent
