Building Wealth

Professional financial advisers share fresh insights and best practices for working with clients to build and protect wealth.

November 22, 2017

3 Tax-Planning Ideas to Help Take the Bite Out of RMDs

Required minimum distributions can be the bane of many IRA owners' existence. But there are a few creative ways to reduce your income tax burden, or that of your heirs.

See More On: Required Minimum Distributions (RMDs) | Estate Planning | Family Finances

November 22, 2017

6 Things to Think About When You Get a Pension Payout Offer

Before you take a lump sum or lock in monthly payments, carefully consider the consequences for you, your spouse and your heirs. Once you make a move, there's no turning back.

See More On: Making Your Money Last | Annuities | Employee Benefits

November 22, 2017

8 Financial Conversation Starters for Thanksgiving Table Talk

Need a few safe topics to chat about while passing the turkey? Or would you rather stir things up a bit? Here are eight retirement planning trends I'm thankful for that are worth discussing this holiday.

See More On: Family Finances | 401(k)s | Saving for Retirement

November 21, 2017

Wealth: The Ultimate Magnifying Glass

Having substantial wealth certainly makes your finances more complicated, but it can also magnify already complex family relationships and dynamics.

See More On: Family Finances | Estate Planning | Financial Planning

November 21, 2017

The Problem with Your 'Magic' Retirement Number

Calculating how much to save for a secure retirement has one major flaw: To do the math, you have to rely on averages. The problem? You aren’t average.

See More On: Saving for Retirement | Family Finances | Financial Planning

November 20, 2017

4 Questions Every Do-It-Yourself Investor Should Ask

A "no" answer to any of these questions means you’d probably be better off with a little professional help.

See More On: Financial Planning | Investor Psychology | Making Your Money Last

November 20, 2017

6 Mistakes to Avoid When Planning Your Retirement

Even if you've saved every penny you need to retire, you're nowhere near being done preparing for retirement. Here are some critical issues other than saving that every potential retiree needs to address.

See More On: Wealth Management | Family Finances | Financial Planning

November 17, 2017

Will You Spend Less in Retirement Than You Think?

It's smart to budget for inflation. But if you're overly conservative, you may be setting yourself up for a less fun retirement or years longer working than necessary, because your retirement spending calculation may be wrong.

See More On: Wealth Management | Budgeting | Family Finances

November 17, 2017

5 Wise Decisions You Can Make on Social Security Right Now

Don't wait until you're ready to retire to figure out your best strategy for claiming Social Security benefits. Looking into options well in advance makes much more sense. And you may even discover you could retire early.

See More On: Social Security | Family Finances | Financial Planning

November 16, 2017

Investment Patience is a Virtue

Investors who can keep their focus on the long term when others get distracted (and distressed) by short-term drama should see their patience rewarded down the road.

See More On: Investor Psychology | Financial Planning | Making Your Money Last

November 16, 2017

5 Ways to Better Connect with Female Investors

Some financial advisers are missing the boat when it comes to helping women with their money. Here are some ways they're coming up short, and some things female investors should expect from the professional they've hired.

See More On: Financial Planning | Family Finances | Investor Psychology

November 15, 2017

Gifting a Life Insurance Policy to a Charity

One often-overlooked way to magnify your magnanimous charitable donation is to consider gifting an unneeded life insurance policy. Your gift can also come with some tax benefits.

See More On: Estate Planning | Family Finances | Financial Planning

November 15, 2017

QLACs: A Secret Weapon to Help Reduce RMDs

Worried about taxes and making your money last through retirement? A qualified longevity annuity contract (QLAC) could be a possibility to consider.

See More On: Annuities | 401(k)s | Estate Planning

November 14, 2017

Will Your Holidays Be Filled with Gobble, Gobble or Squabble, Squabble?

The holidays are upon us, which can mean more time with family. If you are like me, visions of family fun, laughter and joy are dancing in your head. But realistically speaking, those visions can be quickly squashed by family drama.

See More On: Family Finances | Estate Planning | Financial Planning

November 14, 2017

Don't Leave Your Surviving Spouse in Dire Straits

The death of a spouse has wide-ranging financial ramifications. Here are eight moves you could make right now to help ease some future burdens on the one you love.

See More On: Estate Planning | Family Finances | Financial Planning

November 13, 2017

Hurricanes Shed Light on Inadequate Insurance Coverage

Did you know that standard homeowner policies don’t cover flooding from heavy rains? And that people who don’t live in flood zones file water-damage claims about as often as those who do? It's time to check your coverage.

See More On: Saving Money | Family Finances | Home Insurance

November 13, 2017

To Retire, Mind Your P's: Purpose, Planning and Procrastination

Focusing on those three basic concepts will keep you out of trouble, even if you're in the "retirement red zone."

See More On: Wealth Management

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