There are many types of insurance policies floating around out there and it can be overwhelming to figure out what makes sense for you. Health insurance, life insurance, disability insurance – oh my! One often overlooked insurance coverage is the personal liability umbrella policy, aka PLUP. The benefit of a PLUP is that it can…
DetailsWithout a doubt, reminding our clients to update beneficiary designations is the most consistent reminder we give them. As we are perusing statements for financial plans, we constantly see missing or old beneficiaries on different accounts. Why do so many people have this issue of outdated or missing beneficiaries? Perhaps you made a will and…
DetailsOur clients get market outlook emails every few months, and it’s because context is important. If you understand WHY an investment is declining, you feel more confident about weathering a temporary storm. My planners and I were discussing this the other day, and I asked them, what do you wish people understood better about the…
DetailsAs an investor, you may be experiencing a phenomenon known as “analysis paralysis”. What exactly is analysis paralysis? It can be described as over-analyzing or overthinking a situation that causes a decision to be “paralyzed” with no solution being acted upon. We are seeing this in recent market activity where investors retreat to more safe…
DetailsI just read somewhere the average age of a financial planning client is 65. That DOES NOT track for our practice here at Creative Money – my theory is that the younger generations want something other than an asset manager or the more traditional financial services experience. We deal with retirees, but our practice’s bell…
DetailsWhat has been your most successful tactic for saving? We see a lot of strategies work for different people across our client base, and although there are some tactics that are generally successful for most people, one size does not necessarily fit all. I asked my planners what their most successful strategies are – Here’s…
DetailsWhen it comes to financial planning, investment returns often take center stage. It’s pretty common for us to see someone buy one stock and hope it hits a home run. However, while the allure of high returns can be enticing, the foundation of a solid financial plan often starts with one simple but crucial factor:…
DetailsDo you ever wonder what makes up your credit score? Whether you’re applying for a mortgage, car loan, or a credit card, this three-digit number plays a pivotal role in determining whether lenders will trust you with their money. Here are the elements that make up your credit score: Payment History (35%): Be Punctual…
DetailsYou may not realize it, but lots of people are looking for ways for their money to make them MORE money – we call that passive investing. In fact, “What is passive investing?” is one of the most commonly Googled search terms. We talk about this a lot with clients. Plenty of them are still…
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