In conjunction with Mpls. St. Paul Magazine and Twin Cities Business, Five Star Professional has recognized Echo Huang with the 2020 Five Star Wealth Management award. Echo Huang has been a nine-year recipient (2012 - 2020) of this award.
No matter where you are in your life, it’s never too late to start setting financial goals for yourself.
Setting financial goals helps you stay on track, whether unexpected expenses and gain peace of mind for your later years. In this article, we will review seven goals that can help you get on track – and stay there – for the duration of your financial future.
The holiday season evokes certain traditions, and for many of us that includes getting together with friends and family to give and receive gifts. Whether you tend to purchase thoughtful, carefully planned gifts or you’re a last-minute shopper, most of us enjoy this tradition. Still, when you truly consider tangible gifts, they rarely bring lasting happiness.
This year, rather than traditional store-bought gifts, cash or gift cards, why not consider alternative gifts for your family and friends? It’s a tradition that’s catching on, with many families choosing to eschew tangible gifts in favor of more meaningful alternatives.
When it comes to estate planning, do you have your ducks in a row? Even if you have all the proper documentation in place, you may be missing an important piece of the puzzle if you don’t have a wealth transfer plan.
Estate planning documents are the best way to ensure your assets are distributed according to your wishes when you die. When you pass away without a will or trust in place, state law will determine who receives your assets. Unfortunately, this may not be in accordance with what you would have preferred. When you record your wishes in a legal document, however, you get to choose exactly who benefits from your estate.
Another reason to have an estate plan is that, without one, your family will be left with some or all of the following:
Did you know that you can still collect Social Security benefits if you are living abroad? It’s true, outside of a few specific countries: Cuba, Ukraine, North Korea, or Vietnam or if the country has differing Social Security policies in place (like Lithuania and Monaco). To check if the country would pay you your Social Security visit:
