Financial Planning Archives - Page 3 of 12 - Wealthspire Advisors

A Checklist for Parents-to-Be Becoming a parent for the first or second or third or . . . time is always an exciting phase of life’s journey. You become responsible for another (very tiny) human. There are an infinite number of decisions and items to remember when it is time to get ready for the new adventure. However, as with most things, a little preparation can go a long way towards smoothing some of the inevitable chaos. Both before the baby arrives and, in the weeks, months, and years after, it can be helpful to understand and plan for some…

Although planning for end-of-life can be emotionally fraught and daunting, organizing affairs well before the need arises helps families and beneficiaries immensely after a loved one’s passing. But where to start? With the abundance of paper and digital resources accompanying the myriad accounts that comprise many years well-lived, it can be hard to know which are essential to have on hand. The most important things to have in place are: An up-to-date financial plan: Consult with your wealth advisor who can assess your current financial situation and update your financial plans to address any end of life concerns. Your advisor…

It’s not uncommon in a relationship for one partner to handle most of the finances and the other to have little or no interest—or involvement—in the process. In these setups, difficult situations or unexpected events such as divorce, widowhood or the sudden incapacitation of a partner can leave the uninformed spouse financially vulnerable. For an uninterested or uninformed partner, trying to become acclimated with the couple’s finances can be a daunting task – and even more challenging without knowing where to start. Financial accounts and statements may be scattered across various internet portals, each with a separate password, and simply…