Having Money and Properly Managing It are Two Different Things

Just because you have lots of money doesn’t mean you’re necessarily a financial wizard. Society is littered with famous celebrities who have squandered massive amounts of money through various means, such as bad investments or poor spending habits. I’m not saying we need to be sympathetic to celebrities who make millions, but their stories, when looked at together, can provide an important lesson for all of us. That is, that having money and being able to properly manage it and care for it are two different things. In other words, just because you have money doesn’t mean you will know Continue reading Having Money and Properly Managing It are Two Different Things

Protect Yourself and Your Savings From Bad Info

Retirement plans and the tax laws that govern them can be intricate and complex. Furthermore, the recently passed SECURE legislation has forced many wealth managers, financial advisors, and tax experts to relearn how some retirement plans work and the best strategies to deal with the changes. It’s no surprise then, with all that, even professionals can occasionally get confused and give incorrect advice. While we work tirelessly to ensure that we are knowledgeable of all the retirement account-related laws and regulations that impact our industry and the people we serve, we aren’t completely infallible. Sometimes we have clients come to Continue reading Protect Yourself and Your Savings From Bad Info