How do you ensure that you are making a good recommendation for your client, especially when you are putting your reputation on the line?
One of the things married couples often do not consider in their planning is what I like to call the “Invisible Tax.”
It is the taxpayer’s responsibility to keep records of distributions made to charity and contributions to their IRA and account for those on their tax return.
I certainly would argue that building a business is more than just a dice game, but both involve risk. How you fill out your scoresheet in Yahtzee is a good example of what business owners might decide to do with their business profits.
What is true wealth? That’s a question we ask our clients at Foster Group. It’s a question we ask ourselves. I’d like to share a story that reminded me of what this means to me.
While executive benefits such as stock options, other equity compensation, and deferred compensation can be powerful accumulation tools, knowing how they fit into your overall financial picture can be challenging.
Barbells work great at the gym because they put weight on a bar in such a way that it’s balanced, leaving room in the middle for someone to use it to workout. We often see portfolios that are designed like a barbell at the gym: lots of risk in one account and lots of cash or very short-term securities in another. In aggregate, it might produce some balance, but the reality is that it can create some real challenges.
In more than a decade of working with clients, I’ve discovered that one thing tends to do more damage to financial plans than any other.
I’ve had the opportunity to work with a number of executives over the years and have found some commonly missed financial opportunities.
Being generous is a practice that seldom is mastered, takes continuous practice, and must be learned over and over again.
When it comes to engaging with Foster Group, we want the first step to be not only easy; but insightful, engaging, and intuitive, as well.
Here are some ideas and tools you can use to help make your saving automatic, the biggest key to growing your savings.
Is your financial plan ready to weather a storm? Will you be caught off guard, as we were just weeks ago, or are you prepared? One of the advantages of working with a Financial Advisor is that he or she will build a plan that takes into account the inevitability of future storms.
