A home mortgage is likely one of the largest debts that most people have. A question that many ask themselves is should we try and pay down the mortgage as quickly as possible? Take advantage of Financial Freedom’s free initial consultation. Click here to schedule a time to talk with us. Some are tempted to […]
Inflation and Your Financial Plan: Do You Need To Worry?
Inflation may rise in the future. If so, should you worry about its effects on your financial plan? If you have a comprehensive financial plan, you might not be as worried as someone who does not. To understand why let’s briefly discuss inflation and its effects. Inflation Might Rise in the Near Future Inflation is […]
How do High Net Worth Individuals Invest?
Contrary to some opinions, high net worth individuals may not be saving every penny. Nor do these accomplished individuals pay for everything in cash. The truth is many high net worth individuals invest the vast majority of their money as opposed to leaving it in a savings account. However, the manner in which high net […]
RMD's in 2021 What You Need to Know
How to calculate your first RMD? Most people have heard about RMDs in passing yet are not quite sure what, exactly, this acronym stands for. RMD is short for required minimum distribution. RMDs are the amount of money an individual must withdraw every single year from his or her retirement plan account after reaching 72 […]
Financial Planning Services for High Net Worth Individuals
If you’re a high net worth individual, you have the assets in place to facilitate a comfortable retirement. At the same time, there are plenty of potential pitfalls and you will face additional challenges that the average person doesn’t encounter.
Top 3 Wealth Preservation Tactics
Wealth preservation is an essential part of comprehensive financial planning. As the average life span has lengthened in the United States over the last 70 years, people are living longer. As a result, retirees are very concerned with preserving wealth throughout what could be a 30- to 40-year retirement, or even longer. The rising costs […]
How To Manage Your Finances During COVID-19 Market Volatility
The COVID-19 pandemic has caused a great deal of economic distress throughout the U.S., including major declines in the broad-based stock market indexes like the S&P 500. That index started tumbling in early March and reached bear market territory shortly afterward. (A bear market is defined as 20 percent or lower from market highs.)
Are Your Investments in Sync With Your Goals?
Since March, many people have been scrutinizing their investments anew. Broad-based stock market indexes like the Dow Jones Industrial Average and the S&P 500 have been volatile due to economic news surrounding the coronavirus pandemic. Investments in the stock market may have seen sharp fluctuations in value.
5 Questions to Ask Your Financial Advisor
Whether you’re new to the world of investing or have experience with the markets, if you are looking for a financial advisor, there are some important questions you should ask before making the commitment.
Do I Need Personalized Wealth Management?
Personalized wealth management means working with a financial planner or investment advisor toward your goals, utilizing financial planning, investment management, retirement planning, and other services.
How Your Financial Advisor’s Retainer-Based Fees Benefit You
Whether you’re currently looking for a financial advisor or already working with one, you may have questions about the retainer-based fee structure. This structure offers numerous benefits for investors, and may be more advantageous than working with a commission-based financial advisor, one who charges a certain percentage of assets under management (AUM) for advice or […]
Five Top Reasons To Make an Estate Plan
Nationwide, just 42 percent of Americans have the documents that make up an estate plan, such as a will. In other words, millions of adults throughout the U.S. are walking around without any plan for who should receive their assets if they pass away, or even what will happen to them should they become incapacitated […]