Financial Planning: The Financial planning process is how you build a personal financial plan outlining how your money, investments and other assets can help you meet your future financial goals. The plan is a comprehensive evaluation of an individual’s current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. A financial plan is a roadmap that helps you achieve your goals. Financial planning can be done on your own or with a professional (an Adviser). A good plan should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life. It is an ongoing process. Watch these free finStream TV streaming videos to learn about financial planning.
Taking the next step with your partner is an exciting time, but don’t do so without talking about money first! Haley Tolitsky, CFP offers some advice on conversations about money with your significant other.
Beau Kemp CFP, RMA of Sensible Money explains inflation, core inflation and excess inflation.
Jeffrey Levine, CPA/PFS at Buckingham Wealth Partners - aka The Hammer - discusses strategies to eliminate credit card debt including the snowball method of paying off debt.
Becca Craig, CFP with Buckingham Strategic Wealth discusses financial aid options for college funding including Parent Plus Loans.
Dana Anspach, CFP, RMA with Sensible Money discusses what to consider when evaluating whether or not to refinance your mortgage.
Mark Colgan, the founding partner of Montage Wealth and author of The Survivor Assistance Handbook and Death's Red Tape, discusses what happens should you die without a will.
Changes to Estate Tax Exemption Portability: Portability can play a role in estate planning. Philip Herzberg discusses portability in estate planning.
Haley Tolitsky, CFP with Cooke Capital, discusses the components of an estate plan including wills, power of attorney, beneficiaries and other key elements of an estate plan.
Bill Harris from WH Cornerstone talks about his book "Inheriting Your Spouse's IRA."
Martin Shenkman of Shenkman Law explains the changes to make to your estate plan because of COVID-19.
What is a Health Care Proxy? A health care proxy or durable power of attorney for health care is a legal document that allows a person to appoint someone else (known as a proxy or agent) to make medical decisions on their behalf in the event that they are unable to make decisions for themselves, according to Harry Margolis, author of Get Your Ducks in a Row.
The start age for RMDs has changed, but IRMAA remains the same. Medicare: what you can and can't do in Q1 of 2023. The start age for RMDs has changed, but IRMAA remains the same. Jae Oh discusses the effect the secure act has on RMDs.
Switching from Medicare Advantage to original Medicare and Medigap: Is it possible to switch from Medicare Advantage to original Medicare with a Medigap plan. The answer depends on a few things. Jae Oh, author of Maximize Your Medicare, explains.
Katy Votava, President of Goodcare explains TRICARE for people under the age of 65.
2022 Year End Planning Opportunities: Jae Oh, author of Maximize Your Medicare, discusses 2022 Year End Planning Opportunities.
Jeremy Keil from Keil Financial Partners discusses I Bond rates.
Amy Shepard, CFP, RMA with Sensible Money reviews the steps you need to make to be a stay-at-home parent.
Haley Tolitsky, CFP with Cooke Capital, joins Hannah Sammut to discuss four effective ways to boost your income.
Amy Shepard CFP with Sensible Money, reviews 4 tips for eating well and saving money on groceries including meal planning, online grocery ordering and how to buy in bulk.
Kurt Wunderlich, CFA from Buckingham Strategic Wealth discusses 4 steps to set yourself up for financial success.
Aaron Filbeck CAIA, CFA, CIPM, FDP, Director of Global Content Development at CAIA Association and Tony Davidow, author of Goals Based Investing explore the limitations with Modern Portfolio Theory, the role & use of alternative investments, advisor education, and goals-based investing among issues.
George Padula, CIO @ Modera Wealth Management, discusses the rebalancing process and the benefits of portfolio rebalancing.
With Bonds you want to be diversified too. Massi De Santis, Ph.D., CFP with Desmo Wealth Advisors reviews how costs and diversification matter for Bond Funds.
Sébastien Page, CFA, Head of Global Multi-Asset at T. Rowe Price talks about his book “Beyond Diversification: What Every Investor Needs to Know About Asset Allocation”
Professor Zvi Bodie from Boston University discusses how your asset allocation should be related to your age with Bob Powell, CFP, Co-founder of finStream.TV.