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Financial Planning Archives | Page 3 of 12 | Wealthspire Advisors | Page: 3

wealthspire pathways

Wealthspire Advisors Launches Digital Wealth Management Solution, Wealthspire Pathways

In the News
New York, November 21, 2019 – Wealthspire Advisors, an independent investment advisor, today announced the launch of Wealthspire Pathways, a digital wealth management solution that combines the firm’s traditional focus on financial planning and client service with an automated technology platform. Wealthspire Advisors’ goal in launching Pathways is to bring professional financial planning and investment management services to a broader group of clients, including those who are accustomed to using online interfaces. One of the biggest differentiators between Pathways and standard “robo-advisor” platforms is that clients have access to a dedicated Certified Financial Planner (CFP®). Advisors specializing in the platform…
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wealthspire pathways

Why We Created Wealthspire Pathways

By Blog
Our Approach to the Robo-Advisor Trend If you follow the investment management/financial planning industry, then you no doubt have heard the term “Robo-Advisor”. Robo-advisors are the hot topic right now and some advisors even view these types of digital platforms as the future of the industry. Robo-advisors come in all shapes and sizes, but for the most part tend to be lower-cost, automated investing solutions accessed digitally with minimal one-on-one interaction with a person. Some services don’t provide any contact with a live person while others offer call centers with new people answering each time you call, providing no real…
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education planning

FAFSA: Act Quickly and Strategically to Maximize Benefits

By Blog
Starting October 1, this year’s Free Application for Federal Student Aid (FAFSA) is now available for current and prospective college students. The FAFSA determines a student’s eligibility for Federal grants and loans and is used by schools to craft a student’s financial aid package. Everyone, regardless of income levels, should fill out the FAFSA because it is necessary even for merit-based scholarships. Maximizing Your Potential Financial Aid File the FAFSA as soon as possible after October 1, as some financial aid is awarded on a first-come, first-served basis until the money runs out. In fact, based upon the most recent…
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revocable trust

Pre-tax or Roth 401(k) Contributions—That is the Question

By Blog
The decision of whether to make pre-tax or Roth (after-tax) 401(k) contributions frequently pops up, especially when investors start new jobs. Both pre-tax and Roth 401(k)s offer tax-advantaged investment growth, the same annual employee contribution limits, and both allow the plan participant to receive any available employer match. However, there are key differences between these options, so it is important to understand the pros & cons before electing whether pre-tax, Roth, or a combination of the two is appropriate for you. What is the difference between pre-tax and Roth? There are two primary differences – both of them are tax…
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medicare

Everything You Always Wanted to Know About Medicare

By Guides & Whitepapers
Medicare: The Basics Medicare is the Federal health insurance program for people ages 65 and older. The program helps pay for various medical expenses including hospital stays, physicians, prescription drugs, and more. The number of people enrolled in Medicare has tripled since 1970, climbing from roughly 20 million in 1970 to 60 million today, and is projected to reach almost 90 million in another 30 years. A common misconception about Medicare is that it is self-financed through premiums paid by current beneficiaries and payroll taxes by future beneficiaries. Unfortunately, payroll taxes and premiums only cover about half of the programs…
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financial planning for incapacitation

Financial Planning for the Possibility of Incapacitation

By Blog
Planning for the possibility of becoming incapacitated can be daunting. While many may have their estate planning documents squared away and have end-of-life plans carefully laid out, they may not have planned adequately for the possibility of incapacitation. Incapacitation, or the physical or mental inability to make or communicate your decisions, often caused by illnesses like stroke or cognitive disease, is a real threat for retirees. Incapacitation presents a unique challenge, in that your family members, designated POAs (Powers of Attorney), doctors or lawyers will need to make decisions for you – and will need access to your documents and…
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prenup

Why Should I Sign a Prenup?

By Blog
It’s not because either of you thinks the marriage won’t last To many, “prenup” (short for a prenuptial agreement) is a bad word. Why would any loving couple want to start off their marriage with a financial contractual agreement? As a wealth manager, I counsel clients who have a large disparity in wealth to execute a prenup. Some are getting married later in life and have built up considerable assets, some started a company, some are getting married for the second time. Some have former children to worry about. Some clients have children with considerable trusts getting married. We have…
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