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Recently, I took a friend up in my plane for a short lunch trip. As we were cruising along, he asked me, “Bill, how do you know that this plane is mechanically safe? Is the battery charged up? Do you ever check the engine and other systems? How do you know that, structurally, this plane is sound and airworthy?”
If you have investments of any kind you know there are costs associated with owning those investments. In addition, if you’ve been thinking about working with a financial advisor, you also know you’ll pay him or her a separate fee for their ongoing counsel. The bottom line question you should be asking is this: Will I be better off, net of fees, by working with an advisor than if I try to navigate my planning and investing on my own?
If your household is anything like mine, couples often divvy up jobs and responsibilities to make sure everything gets done, and everyone’s needs are met. Maybe one spouse works, and the other takes care of the kids. Maybe one spouse handles the meals, and the other handles transportation to lessons and practices. Maybe one spouse takes care of the yard, and the other takes care of home repairs.
We all want to thrive in life, and being healthy physically and emotionally is a huge first step. An important issue that often gets overshadowed by other wellness concerns is how we deal with the stresses in our lives.
There are few things in life more trying than the death of someone close to you. But if you are a spouse, executor, or chief beneficiary, settling that loved one’s estate adds a whole extra layer of complication and stress to what is already a very difficult time.
Spring is finally here! Time to throw open the windows, and let some sun and fresh air back into your house — and your finances. Yes, we recommend working with a fiduciary advisor who will be thinking about your financial situation consistently throughout the year. But why not let spring time be a catalyst for a personal spring clean for your financial house just as much as for your cluttered garage and closet? Here are some tips we at Keen Wealth Advisors encourage our clients to consider: