Safeguard Your Children with a Trust

Children who benefit from trust funds have frequently been portrayed unfavorably in the news, movies, and on television over the years. Often referred to as “trust fund babies,” they have been stereotyped as coming from extreme wealth. In reality, trusts can be a very powerful estate planning tool designed to safeguard your children in the

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Is Your Property Titled Correctly?

Owning a home or purchasing an investment property are common goals for physicians, as it can be a useful tool to build wealth for themselves and their heirs. There are many ways to hold title to real property, which is defined as land, and anything built on it. However, the way in which real property

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Using Life Insurance to Pay Estate Taxes

With the current estate tax exemption amount for an individual at $12.06MM ($24.12MM for a married couple), it may seem unlikely that your heirs will need to pay estate taxes under the current tax law. However, this law is expected to sunset at the end of 2025, with the exemption reverting to an inflation-adjusted amount

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Choosing a Financial Advisor Who’s Right for You

Managing your finances properly requires lots of time and energy. Many physicians have very little of those commodities. They work demanding hours and already have limited time to spend with family and friends or do the hobbies they enjoy. As a result, little time remains to devote to researching and implementing a wealth building strategy

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How to Pick the Financial Advisor Right for You

Many physicians find they do not have the time or energy to manage their finances properly. Demanding work hours, time spent with family and friends, or doing the hobbies they enjoy leaves very little time to devote to researching and implementing a wealth building strategy effectively. A recent study found that the average physician will

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Responsible Investing During Market Downturns

It has been a bumpy road for investors so far in 2022. As of this writing (5/27/2022), both domestic and international equity markets are down, with the Dow Jones Industrial Average down 9.68% year-to-date, the S&P 500 down 13.79%, and the MSCI EAFE down 12.35%. To make things more challenging for investors, bonds have also

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Investing When Markets are Down

The start of 2022 has come with plenty of challenges for investors. Both domestic and international equity markets are down. As of this writing (5/10/2022), the Dow Jones Industrial Average was down 11.90%, the S&P 500 was down 16.15%, the MSCI EAFE was down 17.00%. Compounding these challenges is that bonds, normally a safe haven

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Rising Interest Rates Could Impact Your Investments

Earlier this month, the Fed announced they will start taking actions to raise interest rates and end their quantitative easing policy to halt rising inflation. With inflation currently around 7.00%, businesses and consumers are feeling the pinch of higher prices. The actions taken by the Fed are designed to reduce the inflation rate to a

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Get Your 2022 Financial Plan in Place

Getting plan in place to succeed throughout the upcoming Set Short- and Long-Term Financial Goals: Whether you want to be debt free in ten years or own a home in three, you are more inclined to save if you have specific goals. Factor these goals into a budget and figure out where you can squeeze

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Life Insurance: An Important Piece of the Financial Puzzle

If you have a mortgage or have children, then there is a good chance that life insurance is a necessary piece of your overall financial plan. If you were to die prematurely, would your family still be able to afford your mortgage on a single income stream?  Would your spouse have to change jobs or

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