Tag: Financial Planning

Where Will Your Money Come From After You Retire

Feb 10, 2020

For many people who retire, income may come from a variety of sources. Here’s a quick review of the six main sources: (more…)

Tags: Financial Planning, Income Planning, retirement, Retirement Planning, Retirement Tax Savings

Should You Choose a Fixed or Variable?

Feb 3, 2020

Buying a home is the single largest financial commitment most people ever make. And sorting through mortgages involves a lot of critical choices. One of these is choosing between a fixed- or variable-interest-rate mortgage. (more…)

Tags: Financial Planning, Home Mortgages, Interest Rates, Mortgage, Personal Finance

Outlook 2020

Jan 3, 2020

Tags: Financial Planning, Investing, Investment Portfolio, Investments

Establishing Good Credit in College

Dec 9, 2019

Good credit may open doors. It is vital to securing a loan, a business loan, or buying a home. When you establish and maintain good credit in college, you create a financial profile for yourself that can influence lenders, landlords, and potential employers.

Unfortunately, some college students do not have good credit. In fact, Credit Karma says that the average 18-to-24-year-old has a credit score of 630. A FICO score of 730 or higher is considered good. (more…)

Tags: Credit Repair, Financial Planner Charlotte NC, Financial Planning

Insurance When You’re Newly Married

Nov 15, 2019

Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current, individual insurance coverage to determine if any changes are in order as well as consider new insurance coverage appropriate to their new life stage.

The good news is that married drivers may be eligible for lower rates than single drivers. Since most couples come into their marriage with two separate auto policies, you should review your existing policies and contact your respective insurance companies to obtain competitive quotes on a new, combined policy. (more…)

Tags: Financial Planning, Insurance

End-of-the-Year Money Moves

Oct 30, 2019

What has changed for you in 2019? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional life, then you will want to review your finances before this year ends and 2020 begins.

Even if your 2019 has been relatively uneventful, the end of the year is still a good time to get cracking and see where you can manage your tax bill and/or build a little more wealth.

Keep in mind this article is for informational purposes only and is not a replacement for real-life advice. Please consult your tax, legal and accounting professionals before modifying your tax strategy. (more…)

Tags: financial advisor charlotte nc, Financial Help, Financial Planning

Minimizing Probate When Setting Up Your Estate

Oct 16, 2019

Probate subtly reduces the value of many estates. It can take more than a year in some cases, and attorney’s fees, appraiser’s fees, and court costs may eat up as much as 5% of a decedent’s assets. Probating a “routine” estate valued at $400,000 could cost as much as $20,000.

What do those fees pay for? In many instances, routine clerical work. Few estates require more than that. Heirs of small, five-figure estates may be allowed to claim property through affidavit, but this convenience isn’t extended for larger estates.

So, how canyou exempt more of your assets from probate and its costs? Here are some ideas. (more…)

Tags: financial advisor, Financial Help, Financial Planning

Getting a Head Start on College Savings

Sep 9, 2019

The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18. And if you’ve already traded that supercharged convertible dream for a minivan, you can expect your little one’s college education to cost as much as $198,000.

But before you throw your hands up in the air and send junior out looking for a job, you might consider a few strategies to help you prepare for the cost of higher education.

First, take advantage of time. The time value of money is the concept that the money in your pocket today is worth more than that same amount will be worth tomorrow because it has more earning potential. If you put $100 a month toward your child’s college education, after 17 years’ time, you would have saved $20,400. But that same $100 a month would be worth (more…)

Tags: Financial Planning