We all make mistakes in life. I can think of a few (hundred) I’ve made over the years.
Posts from the ‘Retail Investor’ Category
The thought of leaving a legacy that can smooth the way for others, such as your children, is a great feeling. Sometimes, though, good intentions aren’t always enough. Without careful planning, a significant portion of your estate can be eaten up by taxes, tied up in probate court, or distributed to people other than your intended recipients.
One of the smartest things you can do as an individual is work with a financial professional. According to research* from the Principal Financial Group®, people who work with an advisor said they:
- Were significantly more prepared for a comfortable retirement.
- Made solid progress toward their long-term financial goals.
- Were more financially confident.
- Were happier with their current financial well-being.
There are some conversations no one wants to have with their family. What will happen financially when you pass away is usually one of them.
Having that conversation, though, is very important for you and for your loved ones. It can help you feel confident that your wishes will be followed after your death. And it can make it easier on your beneficiaries when the time comes to transition assets.