What is the Role of an Insurance Specialist?
September 05, 2016Get to Know Your Insurance Specialist Many advisors use life and long term care insurance as tools in an estate plan. Life insurance may be used for income replacement at the death or disability of a breadwinner, as a way to create an inheritance, to replace assets that are given to charity, or to pay… Read more »
The Team Approach to Planning
August 26, 2016When it comes to estate and financial planning, the team approach works best. Nothing is more frustrating than getting contradictory advice from your attorney, financial advisor, insurance advisor, or CPA. Who are you to believe? The authors know that the best results are achieved when all the professionals are working together to craft and implement… Read more »
What are Some Common Approaches of Coaching to Financial Planning?
August 16, 2016Learn the Common Approaches of Coaching to Financial Planning The following are a few of the potential coaching applications that can be addressed in a financial planning setting: Money vs. Meaning The trade-off between money and meaning is one that has been going on for centuries. A few issues include: If you don’t have money,… Read more »
What is Life Coaching?
April 22, 2016Coaching started in an organizational environment as a way of helping people advance in their careers. Business leaders saw the benefit of drawing out a person’s gifts and strengths to be used to advance the needs and goals of the business. Coaching has evolved over time, and is now used outside the business setting as… Read more »
How Can I Find A Qualified Financial Planner?
April 20, 2016Finding a Financial Planner Qualified to Handle Your Estate The birth of the financial planning industry started with salesmen of financial products including specific investments, life insurance, and annuities. Sales professionals performed some planning on behalf of their customers in order to determine their needs and select suitable products. This planning was usually performed at… Read more »
How Does Your Level of Wealth Impact Your Planning?
April 18, 2016The greater your level of wealth, the less concern you have about meeting basic needs such as food and shelter, and the more freedom you have to pursue personal growth, achievement, and a personal legacy. Abraham Maslow developed a hierarchy of human needs that provides a corollary to a person’s financial planning needs (see chart… Read more »
What is Financial Scenario Development?
April 16, 2016You Need to Learn About Financial Scenario Development The most profound contribution financial planning can make to life planning is in the creation of financial scenario development. It supports the client’s review of what approach makes sense for developing a life change agenda. It is here that a number of possible scenarios and contemplated decisions… Read more »
What are the Costs of Failing to Plan Financially?
April 14, 2016Failing to plan can result in both emotional and fiscal costs. “If you fail to plan, you are planning to fail” Benjamin Franklin’s quote applies to many choices we make – including personal finances. If we don’t take his message to heart, then a lack of planning can be costly. There are traditionally two paths one will… Read more »
What Are the Costs of Financial Planning?
April 12, 2016Costs of Financial Planning Financial planners can get paid in a variety of ways. None of these compensation methods are necessarily better than another but it is important to understand the costs of financial planning. The important thing is to have a clear explanation and understanding about how your particular advisor is paid, including full… Read more »
How Do I Prepare for Financial Planning?
April 08, 2016Time to prepare for financial planning The most important part of a financial plan is deciding what matters most to you-this is step one as you prepare for financial planning. Your financial planner should provide you with a comprehensive set of questions on a wide range of topics to help you shape your answers. Take… Read more »