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Wealthspire Advisors

life insurance

How Much Life Insurance Do I Need?

By Blog
The prospect of our inevitable journey to the pearly gates is a tough conversation to have in any context, let alone attaching a dollar amount to our existence. However, for many people, life insurance is the backbone of any strong financial plan. Without it, all your other financial goals can easily fall apart. Life insurance can replace lost income, pay off debts, leave a charitable legacy, and create an income and estate tax-free pool of capital, if structured correctly. But how much life insurance do I need, if any? As with most questions, the answer depends on the facts and…
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reading list

Wealthspire Advisors Back-to-School Reading List 2019

By Blog
With the start of a new school year just around the corner, we thought some readers out there may be looking to replace their light summer beach reads with a reading list of a little more substance. This edition of our reading recommendations covers books our advisors have found not only enjoyable, but also enriching. Enjoy! “Wealth of Wisdom” by Tom McCullough & Keith Whitaker Wealth of Wisdom is one of the most relevant books I’ve read pertaining to educating the next generation. It covers everything from values to philanthropy to investing to estate planning to working with advisors and…
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winter_reading_list

Holiday Reading List 2018: Check Out our Team’s Picks

By Blog
We have many avid readers on our team, and try to share their favorites with an updated reading list from time to time. Even though the holidays are a busy time for most, for those with a little extra time before the New Year, we’re listing some staff favorites, both in the finance world and beyond. You can follow the links in each title to see more information on the book at Amazon.com. Enjoy! "Crazy Good Advice: 10 Lessons Learned from 150 Leading Social Entrepreneurs" by Tony Loyd Tony Loyd, host of the radio show “Social Entrepreneur”, interviewed 150 social…
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life insurance

Term vs. Perm – What Type of Life Insurance is Right for You?

By Blog
For many, discussing life insurance is about as interesting as watching paint dry. Above all, contemplating payments and payoffs surrounding one's demise is quite an uncomfortable exercise for many. That said, life insurance is important for a variety of reasons, especially if you have a young family. The two major questions surrounding life insurance are how much and what type? We explore the first question in this blog post “How much Life Insurance do I need?”. Which leaves us with the second question, which type? Types of Life Insurance There are two types of insurance, term (temporary) and perm (“permanent”).…
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Summer Reading List 2018

Summer Reading List 2018

By Blog
With summer in full swing and the 4th of July just around the corner, many of us may looking to fill up our reading lists for the months ahead. Quite a few members of the Wealthspire Advisors team are avid readers, so we thought we’d share some of their favorites below in our 2018 Summer Reading List. Enjoy! “Shoe Dog” by Phil Knight Recommended by Tim Hughes, CFP®, Managing Director Phil Knight’s Memoir, Shoe Dog, focuses on the earlier, less glamorous days of Nike—how he started the company by selling running shoes from the trunk of his car, how Nike…
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QCDs

Developing Charitable Goals with a Personal Mission Statement

By Blog
Focusing Your Charitable Activities for a Lasting Impact For many wealthy individuals, charitable donations and philanthropic activity serve as meaningful ways to support causes you are passionate about. It is also common for philanthropy to increase in importance either after a liquidity event or retirement. While contributing monetarily to non-profit organizations is an effective way to earn tax deductions and reduce the size of your taxable estate, the most important reason most people give for their charitable inclinations is a desire to effect real change in an issue about which you feel strongly. Philanthropy can be overwhelming. Donors are bombarded…
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female advisors

Planning Considerations for Millennials

By Blog
Below, I explore some common planning considerations and issues that I encounter on a regular basis when working with clients and prospects in my generation, as well as steps that our firm has taken to better serve Millennial clients. Common Planning Considerations for Millennials Saving philosophy.  Many Millennials believe they are too young to have to worry about saving, which often reflects a belief that building retirement savings requires large financial sacrifices.  This is not true.  Education about the power of compounding over long periods of time can provide confidence that taking small steps, starting now, may be all that is…
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