Why We Avoid Estate Planning
Have you thought about dying lately? Most of us don’t. However, my daughter had a close friend pass away recently. This shocking and unexpected event got me thinking about death and how fragile our time here really is. In fact, as a... Read More →
Why Your Beneficiaries Are Important
Who gets your stuff when you die? Can you remember who you listed as beneficiary on all your different accounts? Maybe you think you know, but you should review your beneficiary designations on all applicable accounts. That includes banks, brokerage accounts,... Read More →
Sudden Wealth From A Legal Settlement?
First, let’s define a Life Event. A life event is a significant event that is either expected or a complete surprise that will change your life. It can also come with significant financial changes as well. A legal settlement is... Read More →
Life Event – Death Of A Spouse
Dealing with the loss of a spouse is very difficult time for you and your family. You will be coping with lots of emotions and handling many complex financial decisions as well. You may have had a spouse that handled... Read More →
Sudden Wealth From An Inheritance?
In my previous article, Sudden Wealth from A Life Event?, I mentioned a huge number of life altering events that create sudden wealth. This article will focus on an Inheritance. When you inherit money it usually accompanies a very emotional... Read More →
When You Die, Where Does Your Dough Go?
Have you ever wondered what happens to your money when you die? Investors over the years have told me that have it all worked out. “I’ve got a will, a trust and spoke to an attorney.” Often, those instructions were... Read More →
What’s the Difference Between A Primary and Contingent Beneficiary?
We most commonly think about beneficiaries in life insurance policies. However, if you have a 401(k), IRA or a bank account, you may be asked to provide a beneficiary. Beneficiaries are people or entities that you designate that will receive... Read More →
6 Cool Money Moves to Make This Fall
It’s definitely fall in Kentucky! I was sitting after work watching my youngest son at football practice and noticed the extra “nip” in the air. Also, I noticed my neighbors have fall decorations at their homes in the last couple... Read More →