First Financial Insights
Economic Commentary – Confusing Times
If you’re feeling a bit dazed and confused in the present times, you’re not alone, nor are these feelings unwarranted. We are being whipsawed by
The Importance of Insurance Planning in Wealth Management
Insurance planning is one of the most important parts of wealth management, but sadly, it is often the most neglected component. Wealth management is the
What to Invest in During Inflation
Inflation is a fact of life in the national and global economies. We can’t say that we “always” live in inflationary times, but we certainly
What Is A Good Monthly Retirement Income For A Couple?
Determining what qualifies as a “good” monthly retirement income for a couple depends on several personal factors – such as lifestyle, health needs, and geographic
Why Is Diversification Important For Risk Management
Diversification is a common buzzword in the world of investing, but how does it help you? Why is diversification important for risk management? The simple
How Much Should You Save For Retirement?
Everyone agrees that saving and investing for retirement is essential, but the more difficult question is: How much should you save for retirement? It’s a difficult
Dangers of Annuities in Retirement
Embarking on the journey of retirement requires a thoughtful approach, and understanding the role of annuities in retirement is paramount. As the financial landscape evolves,
Economic Commentary – Is The Economy Booming?
Economic reports coming in are good, and most media outlets have concluded that this is great news. Those conclusions may be premature; the more logical
Value Investing vs Growth Investing: What Makes Them Distinct?
There’s no “right” or “correct” way to invest. Your objectives, needs, and personally defined level of acceptable risk all inform individual investment strategies. Value investing
What is a Fiduciary Financial Advisor? The Ultimate Guide
The world of financial planning can be confusing, and it’s crucial to seek a professional who can help guide you toward financial success. But who
Economic Commentary – 2024 Economic Outlook
We closed 2023 and entered 2024 with a market rally, newly born confidence that the inflation battle won’t lead us into a recession, and relief
How to Prepare for a Recession
A recession is a period of economic downturn that can affect governments, businesses, and individuals. Recessions often include higher unemployment, stagnant wage growth, and reduced
What Does High-Net-Worth Financial Planning Look Like?
High-net-worth financial planning is unique, and if you’re managing over $1 million in liquid assets, basic financial strategies will most likely fall short. The high-net-worth
How to Account for Inflation in Retirement Planning
Inflation, the general increase in the price of goods and services, has multifaceted effects on retirees. While localized price fluctuations occur due to changes in
Economic Commentary – The Future and Beyond
There is a lot of doom and gloom in the air, but there is a significant amount of very positive news to consider as we
7 Retirement Planning Mistakes to Avoid
Retirement planning is crucial for building and funding the type of life you want to live after exiting the workforce. By making effective investments, addressing
What is a Recession, Exactly?
Recessions are an unfortunate fact of life. These economic downturns happen occasionally, and the broad economic factors that cause them are outside of any single
Fiduciary vs Financial Advisor: An In-Depth Comparison
Understanding the difference between a financial advisor and a fiduciary is critical to your financial success. If you need a financial professional for advice, you
Health Savings Account: A Complete Guide
A Health Savings Account (HSA) is a tax-advantaged savings account designed to help individuals with high-deductible health plans (HDHPs) pay for qualified medical expenses. What
7 Essential Steps on How to Retire at 50
The average retirement age is between 61 to 67, but no rule says you can’t retire younger. For many Americans, 50 is the ideal age
Top 5 Estate Planning Questions Answered
Estate planning can feel overwhelming, and many people have the same estate planning questions when trying to protect their assets and secure their family’s future.
Revocable vs Irrevocable Trust | Key Differences and Benefits Explained
American retirees will participate in one of the greatest wealth transfers in history, with $36 trillion going to beneficiaries over the next 30 years. However,
What Happens to Your 401k When You Die
American retirees are set to transfer over $36 million dollars over the next 30 years – and many of them will pass along 401(k)s to
Picking an Executor for Your Estate: Why It Matters
An executor of an estate is responsible for managing and distributing a deceased person’s assets according to their will. This involves tasks like starting the