Any time you invest money, you should be expecting some kind of return. The cost of this return is the risk that you’re taking: many investors would suggest that the greater the risk you take, the higher the return you should be rewarded.
Maria Dawes
Meeting with prospective Portfolio Managers or Investment Advisors can initially feel intimidating, particularly if you have limited investment experience. But really, this should be a bit like a job interview that you are conducting. Since you are delegating this part of your financial life to someone else, your values and priorities must align.
Isn’t an Investment Advisor the same thing as a Portfolio Manager? Well, not necessarily...
Most parents plan to leave an inheritance to their children, but they often do not go far enough in planning how much to leave, and when their child should receive it. But before any fancy planning is done, you need to first ensure the basics of estate planning are covered.
Experiencing unemployment in the years right before retirement can be an extremely distressing and difficult situation to navigate. Cutting your spending to a bare-bones budget will likely be critical and those who have an emergency fund already saved will certainly weather this storm better than those who do not.
In many ways, it will depend on your situation and the type of pension you’re accessing. But some forethought and extra planning can be helpful to best manage your retirement income tax situation, as well as your estate tax liabilities.
Choosing exactly when to retire is an intensely personal decision that requires many parts of your life to align. Considerations need to be made for finances, health, mental fortitude and how much passion you still have for what you do. Connecting with a financial advisor who can help you put together a retirement plan is the first step to getting your ducks in a row.
At some point before or during retirement, most people will start seriously thinking about when they should downsize their home. In reality, this can be a very complex question and the solution is not a one-size-fits-all answer.
I cannot stress strongly enough how important it is for everyone to have a valid will, as well as to select a person to act as Power of Attorney for them.
