Financial Planning
Financial Planning 101
Let’s start with the basics – here’s a quick link that can walk you through how to create a budget, savings, and home purchase. https://www.tiaa.org/public/learn/personal-finance-101
Family Finances
When you grow up, life becomes complicated. You need to think about buying a home, saving for kids’ education, and vacation! Here’s a quick link that can help you with all these items and much more – https://www.tiaa.org/public/learn/life-milestones
Financial Basics
From creating your own budget to teaching your teen about creating one, the following link provides a comprehensive set of tools that can be useful to people from all walks of life. https://www.fidelity.com/financial-basics/overview
Life Insurance
Life Insurance 101
Learn about the basics of life insurance from one of the oldest and reputed providers of life insurance products – New York Life. This link provides a high level overview on some of the foundational concepts about life insurance: https://www.newyorklife.com/learn-and-compare/learn-the-basics/life-insurance-101
How much life insurance do I need?
With all the variations that are available within life insurance, it could be difficult to determine the appropriate level of coverage you need. Here’s a great resource that can help you decide how much coverage you need: http://www.lifeinsuranceadvisorsinc.com/articles/individuals/LifeInsHowMuchWhatKind.pdf
Disability Insurance
Many people don’t consider disability insurance as a key insurance but if you and your family want to maintain your lifestyle, disability insurance is a must. This link provides you a brief introduction to disability insurance: https://lifehappens.org/disability-insurance-101/
Property & Casualty Insurance
What is Property & Casualty Insurance
The term Property and casualty insurance is a broad term which includes many forms of insurance. Property and casualty products include homeowners insurance, renters insurance, auto insurance, and powersports insurance. The term property and casualty insurance typically contains two primary coverage types: liability coverage and property protection coverage. The following link provides a basic understanding of property & casualty insurance and what are some different coverages you can obtain to protect yourself. https://peoplestrustinsurance.com/homeowners-academy/florida-insurance-industry/what-is-property-and-casualty-insurance
Investment Management
Introduction to Investing
Many people like the rewards investment products (stocks, bonds, ETFs, mutual funds, etc.) can offer, but they often overlook the risk. There is no guarantee that you’ll make money from your investments and they may lose value. Here’s an introductory resource that contains a ton of helpful information: https://www.investor.gov/introduction-investing
Retirement Planning
Importance of Retirement Planning
Whether you’re late in your career or just starting out, the time to start thinking about retirement is NOW! The more you wait, the less money you will have saved up for retirement and the more stressed you will be before and after retirement! Here’s a link that walks you through the importance of developing a retirement nest egg, retirement tax strategies, withdrawal strategies, and much more! https://www.tiaa.org/public/learn/life-milestones
Estate & Legacy Planning
How to talk to your family about estate planning
Every family has its own dynamics and how it operates and we understand your family situation is also unique! Questions related to will, healthcare power of attorney, and estate plan can be stressful. Here’s a great resource that can help you remove the stress and make a conversation about estate planning easier. https://www.actec.org/estate-planning/how-to-talk-with-your-family-about-estate-planning/
Gift tax exemption
The lifetime gift tax exemption amount is $11.58 million in 2020, increasing to $11.7 million in 2021. It is important to know about timing on using the estate tax exemption. The exemption is scheduled to decrease to six million dollars in 2026. Learn more about the gift tax exemption below: https://www.actec.org/estate-planning/estate-gift-tax-exemption/
Estate Planning Checklist
Estate planning can be quite complex – here’s a checklist that can help you organize everything you will need:
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