Medicare Part D helps cover the costs of the prescription medications you need to stay healthy. But its different phases of coverage aren’t always easy to understand—including what’s known as the Medicare coverage gap or “donut hole.” It is important… Read More
Understanding Life Insurance: Why and How to Protect Your Loved Ones Life insurance is an essential part of financial planning, offering peace of mind by providing financial security to your loved ones in case of your untimely death. Imagine your… Read More
Recently I attended a 2-day conference for CPAs through CalCPA on the topic of estate and trust planning. One of the more interesting topics was how to help our clients be successful successor trustees for their parent’s estate when they… Read More
Understanding the Costs of Home Healthcare and Long-Term Care in the United StatesAccording to Morningstar, 70% of people who turn 65 will develop a severe long-term care need in their lifetimes, and 48% will need some type of paid long-term… Read More
It’s safe to say that our clients believe that attaining financial security is a strong value. According to a 2023 Princeton study by Nobel Prize-winning economist Daniel Kahneman, 67% of respondents said being able to pay their bills on time… Read More
Life is a series of transitions, each with its own financial implications. From embarking on a new career to retiring after years of hard work, and from the excitement of marriage to the complexities of divorce, every milestone requires careful… Read More
In the United States, discussions about personal finance often seem to be plentiful in a broad sense – with talk shows, self-help books, and a fascination with tax loopholes and extravagant purchases. Strangely, however, these discussions become notably scarce when… Read More
A well-rounded estate plan addresses not only the distribution of wealth but also the welfare of your loved ones and the management of crucial medical and financial decisions. In this article, we’ll explore the multifaceted nature of estate planning, covering… Read More
On the journey towards financial well-being, knowledge truly is power. While I think most would agree that money management is a vital life skill, it is often overlooked in traditional education and not talked about enough at home. Let’s face… Read More
One of my best friends loves to bake cakes; she posts pictures of her cakes on Instagram and sells her cakes to anyone who would like a custom cake, which for now is mostly family members and friends of friends…. Read More
In investing, risk is typically defined as the possibility that actual returns will differ—sometimes significantly—from what you expected, including the potential loss of principal.