Having a team of skilled and knowledgeable business professionals is one of the best ways to protect your family’s wealth. However, assembling the right team can be a challenge. Members of this team should not only have unique abilities and varied areas of expertise, but they must also be reliable and trustworthy. So how do you build this team? Just follow the steps below to create your very own super group of advisors!
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“Buy low, sell high.”
It’s every investor’s dream to make a profit on their portfolio by timing the buying and selling of equities at just the right period in order to make a considerable profit. Perhaps it’s based on the current activity of a stock or asset, market news, or economic indicators. Whatever the motivation, timing the market means you are trying to predict that you will do better economically over the long term based on short-term indicators if you move in and out of the stock market or change your asset mix.
From Legendary Financial Advisor, and Thought Leaders, Randall and Neal Richard of Richard Brothers, Financial Advisors:
Annuities are a popular option among investors, but some financial firms are critical of these products. Ken Fisher of Fisher Investments, for example, offers harsh criticism of the annuity industry as a whole. He compares annuities to Ponzi schemes, suggesting that they offer promises that are too good to be true in order to get naive investors to make a purchase. He also accuses annuity salespeople of using unscrupulous tactics to manipulate clients and pad their commission.
You’ve been paying into Social Security for years, and now you’re eligible to apply for benefits. Should you apply to receive your Social Security income immediately? Or should you wait and receive larger payments?
It’s a good question, and the answer depends on a lot of individualized factors. Here are a few:
It’s estimated that there are currently over 25 million people eligible for some form of Veteran’s benefits. However, if you or your spouse is a qualifying veteran, you may not be aware of an additional pension benefit to offer help with specific medical expenses – the Aid and Attendance Pension provided through the Department of Veterans Affairs (VA). This benefit can be a critical factor to consider for wealth management and retirement planning—and it is largely unknown.
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