Donor Advised Funds (DAFs) - a Simple, Smart & Meaningful Way to Support Your Favorite Causes and Charities

19 October 2015

Donor Advised Funds (DAFs) - a Simple, Smart & Meaningful Way to Support Your Favorite Causes and Charities

Donor Advised Funds can be set up easily to accomplish both tax savings and charitable giving goals.  Most people think they need to have a big sum of money before considering setting up their own family charitable fund.  But Donor Advised Funds are the most popular charitable vehicles for donors at many levels of wealth.  You can start your own donor advised fund with as little as $10,000.  I generally recommend a minimum of $50,000 to my clients if they plan to request grants from the Donor Advised Funds to their charities within a short period of time, however.  I would like to discuss how to use DAFs in various situations in this article.

New Team Member at Echo Wealth Management

15 October 2015

It is hard to believe that it has already been 7 months since forming Echo Wealth Management.  Every day I am thankful for the opportunity to pursue my passion for wealth management and I am energized by my conversations with clients about helping them achieve their goals.  My firm continues to grow through a combination of previous clients who sought us out and new clients who appreciates our integrated approach to wealth management, by combining customized financial plans with individualized portfolio management within the firm.  We aim to take the complexity out of wealth management by creating an Echo Dashboard for each client.

Reflecting the growth of the firm, I am excited to announce that Echo Wealth Management has hired Steve Drost as Associate Wealth Manager, to work with me to provide dedicated service for our clients.  I believe Steve has the passion and knowledge to serve our clients well.  Steve works closely with me in creating and maintaining the Echo Dashboard, the customized client homepage for each client.  In addition, he is responsible for managing efficient business operations by leveraging new technologies in serving our clients.  He brings energy and creativity to the firm after two years of experience working as a financial institution regulator.

What You Should Know About Life Insurance

19 September 2015

The decision to buy life insurance is one of the most critical decisions we make, which is why the decision as to which type of life insurance policy to buy can be just as critical. You can’t really try on a life insurance policy, so the one you choose needs to fit you like a glove from the outset. The challenge for most people is the sheer number of different kinds of life insurance products from which to choose. The choice is made easier when you have a clear understanding of your own needs, priorities, preferences, and outlook on the future. Working with an experienced life insurance professional, you should be able to narrow down your choices.

Understanding Investment Risk

31 July 2015

Essentially, you need risk in order to generate the level of returns you will need to achieve financial independence. However, risks can be managed far more effectively than investment performance. You can’t predict the direction of the financial markets, or which mutual fund will outperform the others; however, you can mitigate risk and even have it work for you through proper asset allocation and portfolio diversification.

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