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Articles tagged with: Financial Planning

The Surprising Pitfalls of Retiring at the Same Time as Your Spouse

Four Considerations for Your Joint Retirement Plan

09 March 2022

The Surprising Pitfalls of Retiring at the Same Time as Your Spouse

On paper, retiring at the same time as your spouse sounds like a no-brainer! If you both retire together, then you would be free to travel the world, take up some new hobbies, and spend more quality time together as a couple. Chances are that you’ve not been able to enjoy these luxuries much over the past 20, 30, or more years. This is because, by the time we are nearing retirement, we have only recently said our goodbyes to our youngest child, and spouses have seen little of each other as day-to-day obligations eat up alone time.

It is for these reasons that simultaneous retirement has its appeal. However, it is vital, especially for women, to know where the pitfalls lie.

Make Protecting Your Income A Priority

Four Situations and Its Disability Planning Solutions

31 May 2022

Make Protecting Your Income A Priority

You might be thinking…
Other people get disabled, not me.
My business can run without me.
I’d rather put my money into growing my business.

The truth is illness and injury impact all of us, even businesses. Whether you are a key employee or business owner, understanding the possible outcomes of a temporary or permanent disability will help you to identify smart solutions for your financial plan.

Long-Term Care - It’s Not as Scary as You Might Think

Take Care of Your Future Self by Making a Long-Term Care Plan Today

23 February 2022

Long-Term Care - It’s Not as Scary as You Might Think

Sometimes, the unknown can be a bit scary. Previously, I’ve shared several financial tips that will allow you to plan for your financial independence and to own your future. Today, I want to ask you to give me a few somber minutes of your time.

I am asking you to turn off your emotions and turn on your intellect only. This way, you will be protected from your emotions entering in and shutting you off from discussing a tough but important topic: Long-Term Care. Come out from under the blanket for a few moments to learn about this important element of financial planning. Let’s look at what it is, and I promise you, it’s not as scary as you might think.

Are You Paying Attention to Your Financial Dashboard?

Owning Your Future Requires Deliberate Planning and Careful Attention

06 December 2021

Are You Paying Attention to Your Financial Dashboard?

Driving requires a glance at the dashboard on a regular basis to monitor all of the various gauges that let us know when things are on track and when we don’t have enough gas to get to our destination. The same is true for your finances.

In our time together previously, we have driven through financial planning topics at a relatively high rate of speed. From investment planning, tax strategies, estate planning, and more, we’ve covered a lot of ground.

Throughout this road trip, I’ve mentioned that every good financial team needs a tool to help consolidate all your information to help in planning for your wealth management. At Echo Wealth Management, I have used a tool called the Echo Dashboard for over 15 years, developed and supported by eMoney Advisor. Today, I want to show you the value of utilizing a tool like this.

It's Your Estate, Don't Procrastinate!

Taking the Time to Finalize Your Estate Plans Can Ensure Your Wishes Will Be Met

15 November 2021

It's Your Estate, Don't Procrastinate!

Nobody likes thinking about dying, or selecting a guardian to raise your children, or having to choose which of your children would best manage your money in your absence. But the critical point about estate planning is this: If you don't do it, you lose your say. Without a will, your estate may end up in court, divvied up based on a judge’s decision - not your own.

Without specific terms set in place, you may not get the medical care you would prefer or the preferred custodial caretaker for your children. For those reasons, it is better to face the discomfort of our mortality and make sure everything is up to date and in order. With your estate planning checked off your list, you can rest assured that, in an unthinkable situation, you and your family will be covered.

So, where do you start?

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