How Often Should I Update My Estate-Planning Documents?
There is no single right answer to this question. According to Boston-based attorney Danielle Van Ess, the general rule for reviewing one’s estate-planning documents is every three years. But she adds that, as with anything else, the right time for a review depends on your individual circumstances. Has your situation changed in any of [...]
Japan and Your Investments
The recent earthquake in Japan and its aftermath is a tragedy with enormous human consequences. What does it mean for your investments? While nobody can predict the future with any certainty, short-term events—no matter how tragic—generally pass. Japan is a strong economy with the resources to rebuild and to rebound from this event. Oakland, Calif.–based [...]
10 Questions You Should Ask Before Hiring a Financial Planner – Part 2
Add the next five questions to your notes to take to your first meeting with a new financial planner, and you’ll be prepared to make the best decision for your financial interests. 6. Who will I be dealing with on an ongoing basis?Will the financial planner with whom you are meeting be the one to [...]
10 Questions You Should Ask Before Hiring a Financial Planner – Part 1
Hiring your first financial planner or selecting a new one can be a trying experience. How do you know if you are making the right choice? Will this person act in your best interest? While no selection process is flawless, here are ten questions you should ask before hiring a financial planner/advisor. Will my assets [...]
Five Questions You Need to Ask Your Investment Broker
I have to be practical. I don’t believe anyone should rely on brokers or investment advisers who claim to be able to “beat the market” for investment advice. However, the reality is that 90 percent of individual investors ignore this admonition, often to their detriment. If you insist on using these brokers or advisers, here [...]
Should You Pay Your Grandchildren’s College Tuition?
To answer this question, first you have to ask yourself several more. The first question is, can you afford to pay your grandchildren’s college tuition? If not, that’s the end of the discussion. Being able to afford it is not just a matter of having enough money on hand right now. It’s also important to [...]