by This article was selected for you by Brian Stallcop, CFP® | Nov 12, 2023 | Financial Planning
Key Takeaways A family bank is a formal legal entity that a family sets up, with rules that govern how family members can access family funds. Family banks often are designed to help support entrepreneurship among family members. Family banks tend to do best when...
by This article was selected for you by Brian Stallcop, CFP® | Nov 10, 2023 | Financial Planning, Investment Planning
Key Takeaways We find that most estate plans are at least three years old—and as a result, could be out of date. We find that many people aren’t sure whether their estate plan is still set up to achieve their desired outcomes. We believe it’s crucial to work with a...
by This article was selected for you by Brian Stallcop, CFP® | Sep 24, 2023 | Financial Planning
Key Takeaways Monitoring cash flow and other metrics can help you avoid overspending and underspending. Run the numbers on withdrawal strategies to find one that fits your situation. Don’t turn investing into your new hobby or sport. Chances are, planning for...
by This article was selected for you by Brian Stallcop, CFP® | Aug 25, 2023 | Financial Planning
Key Takeaways Rates of financial literacy—people’s ability to understand various financial-related concepts and put them to use—have fallen significantly in recent years. Games, apps and real-life experience can potentially help younger generations enter...
by This article was selected for you by Brian Stallcop, CFP® | Jul 24, 2023 | Financial Planning, Investment Planning
Key Takeaways Get asset protection strategies in place before you need them. Evaluate and stress-test your various types of liability coverage. Make asset protection efforts part of an overall wealth planning strategy. If you’ve got substantial assets,...
by This article was selected for you by Brian Stallcop, CFP® | Jun 14, 2023 | Business, Financial Commentary, Financial Planning
Key Takeaways Referrals from other professionals are a top way to find great experts. Your peers, friends and associates can be another excellent resource. Look for experts who are well known and hugely respected in their industry. As a busy and...
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