Serving as an executor (or personal representative) can be a lot of work and take a lot of time, so it’s understandable that you would want to reduce the hassle for your loved ones as much as possible. As a financial advisor, I often hear people talking about various estate planning strategies they wish their … Read more
When it comes to managing investments, “don’t put all your eggs in one basket” is probably one of the oldest and arguably wisest principles you should apply. But it’s also perhaps the most misunderstood. “Don’t put all your eggs in one basket” usually refers to diversification. A portfolio that isn’t properly diversified can lead to … Read more
Congratulations! You’re getting remarried! How exciting! And maybe a little terrifying? Like just about every big decision in life, there are probably many layers to the emotions you’re feeling. There are a lot of things to consider in a second marriage… things you didn’t think of in your first marriage, things you think about differently … Read more
Congratulations, graduates! This is such an exciting time in your life. Your future is full of possibilities… and pressure! When you graduate from high school you’re sort of expected to know what you want to do with your life. Let’s get real: almost no one has discovered their “life calling” at 18 years old. And … Read more
We can probably all agree that just about nothing in life lasts forever. Life is full of changing seasons. “Every new beginning comes from some other beginnings end.” -Lucius Annaeus Seneca (or Semisonic for all the 90s rock fans.) Seeds of the Season Spring always makes me think of my dad. He loved spring. Every … Read more
This past week Barron’s announced their 2024 list of “America’s Best Financial Advisors“. In the financial planning world, awards from industry giants like Barron’s are often coveted and pursued by financial advisors. And clients understandably see these awards as impressive. So why would we tell you that Impact Wealth Management will probably never make it … Read more
Why Young Adults Need to Prioritize Estate Planning Losing someone you love is without a doubt, one of the most difficult experiences of life. Whether it happens suddenly or death was inevitable, there is nothing that makes “goodbye” any easier. But when death comes for someone young, it is especially devastating. As a financial advisor, … Read more
When it comes to investments, financial advisors talk a lot about indexes. We’ve probably all at least HEARD of the Dow, the S&P 500, and the NASDAQ, but what are these indexes and how in the world do they pertain to me? Let’s unpack it! What is a Financial Index? Your portfolio is up 7%. … Read more
Over the course of my career as a financial advisor, I’ve discovered a lot of misconceptions (or “myths”) in the financial industry. One of the greatest, and perhaps most common myths is the belief that people with large portfolios have an innate understanding of the ins and outs of the financial world. A meeting with … Read more
Last week we published our recap of the year 2023. This week we want to share with you our 2024 Economic Outlook. If you’re a regular reader of our newsletter, you know that we believe “projections” are not a science and, to be frank, have proven to be, well… pretty much worthless practically speaking. Nonetheless, … Read more