News
Seven-Generation Thinking: How Indigenous Planning Principles Can Help Transform ‘Retirement Thinking’
One of the values embedded in many Indigenous cultures worldwide is something known as Seven Generation Thinking. This philosophy invites individuals to consider the impact of today’s decisions far into the future—potentially offering a complementary perspective to traditional retirement planning models.
Financial Wellness in the Digital Age
As the world advances at a rapid pace, our lives are becoming increasingly digitized. The digital age has seen remarkable advancements that have intrinsically changed how we navigate our daily lives, especially in financial matters. Financial wellness now extends beyond balancing checkbooks- it involves understanding and utilizing digital tools to manage, save, and invest for goals.
The Rise of Roth IRA Conversions
In the realm of retirement planning, one strategy is Roth IRA conversions, which can offer tax-free distributions in retirement. As with any financial strategy, it’s essential to understand how Roth IRA conversions work, their benefits and tax implications, and overall suitability before making any decisions.
Alternatives to Traditional Long-Term Care Insurance
Purchasing long-term care insurance (LTCI) is one method to help prepare for future healthcare needs. However, the costs of premiums can be high, and not everyone qualifies for this type of insurance. Therefore, understanding alternatives to LTCI that may be suitable and offer similar benefits may be essential.
Holistic and Collaborative Planning: The New Standard in Wealth Management
Over the last few years, the financial services landscape has shifted to a more personalized, proactive, and comprehensive approach. The traditional model of standalone services is giving way to a new standard of wealth management: holistic and collaborative planning. This method emphasizes a thorough understanding of a client’s financial status, lifestyle, and aspirations.
Annuity Riders: Which Ones Are Suitable for You?
Annuities are a contract with an insurance company that provides a steady stream of income to the insured. Annuities are potentially for life. They can be an important part of retirement income planning for many individuals.
