Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
Catch up on some of the latest posts with this week's roundup:
So You Wanna Be a Landlord?
by Nannette Kamien, Inspiration Financial Planning
As a follow up to my Love it or List it? post a few weeks ago, I wanted to expand a bit about being a landlord. This is a topic that comes up with a lot of clients. Some are unwilling landlords because they can't yet sell a property they bought before the crash. Others are looking for a way to generate income now and into retirement.
Undiversify Into Yourself!
by Joe Morgan, JWM Wealth Management
People often look to their financial advisors to make them money. No, that’s not true, they often think we will make them rich. This is not possible.
The best financial advisors are duty-bound to look out for your best interests. This means any investment plan will be balanced between risk and reward and will include a recommendation that is broadly diversified. This is not how you get rich.
How to Automate Your Savings with Variable Income
by Matt Becker, Mom & Dad Money
Just about every person I know who’s been able to continually improve their financial situation does one thing well: automate their savings.
I’ve experienced the benefits personally. Along with simply tracking my spending, I consider this to be the most powerful financial habit I’ve ever created.
And I’ve seen it with clients. The more they automate their savings, the more shocked they are at just how quickly they’re able to make progress towards their biggest goals.
The Basics of Estate Planning
by Kenneth Klabunde, Precedent Asset Management
We received a number of responses to the Loss and Grieving article, specifically regarding estate plans. So this week we will dive deeper into what an estate plan consists of and why it’s important when you consider planning for the future.
Contrary to popular belief, you don’t have to own a big house or have huge sums of money to have an estate. Your estate consists of everything you own when you die — including your home, personal property, investments, bank accounts, retirement plans and any interests in a family business or partnership.