If you’re a high-earning professional, there can be complicated gaps lurking in your policies’ fine print, exposing you to dangerous risks. Successful families are well-advised to ensure that the excess liability coverage they think they’ve got is actually optimized for their unique needs.
How do you know how to choose the funds that will give you the most returns in your portfolio? Every year, Dimensional Fund Advisors analyzes the mutual fund landscape to find out how many funds outperform benchmarks after costs.
Understanding how income and wealth impact happiness plays an important role in retirement planning. It helps determine both your need to save and how much risk you need to take (how much you need to allocate to risky assets).
You may be able to leverage your retirement plan contributions to lower your annual income, while also taking advantage of the QBI deduction and score some significant additional tax savings as a “reward” for doing something you’d love to be doing anyway: saving for retirement.
Have you been putting off having “that talk” with your parents – the one when they share some of their personal financial information with you? A few, relatively basic conversations and simple steps today can prevent all sorts of unnecessary angst and anxiety in the future.
You’ve worked hard in a career that has given you the opportunity to accumulate substantial wealth. Now what? Wealth earned through diligent work can too readily slip away in the absence of an effective investing strategy and a better process to preserve that wealth.