A trust is a legal arrangement that allows you to effectively manage your assets and ensure that those assets are transferred to your intended beneficiaries when you pass. They can provide an efficient means of settling your estate, managing your assets, and reducing taxes. What
For employees, the prospect of getting a stock option offer as part of their compensation package can be a milestone moment. They look forward to achieving this level in their careers for obvious financial reasons, but it also brings a sense of accomplishment and prestige.
Social Security is a supplemental income program funded through a dedicated payroll tax. It’s intended to support citizens through disability, retirement, and survivor benefits. For most people, the first time they have to think about taking Social Security benefits is when they apply for them
The economies of the world have come roaring back as the world slowly emerges from the pandemic lockdowns. With increasing vaccinations, massive fiscal stimulus, and extremely low interest rates, consumers around the world are opening their wallets. Short-term growth in the global economies is tied
You have worked throughout your career to create a life that supports you and your family. For many investors nearing retirement, their next goal is to continue to leverage their hard work by creating generational wealth. When you have accumulated a comfortable nest egg and
At FPC, we believe that financial planning is not a one-and-done type of process. As a rule, it is not advisable to focus on any one element of your financial life at a time. This is because money touches pretty much every aspect of who
Even during the unprecedented times we find ourselves in, we all have something to be grateful for. Studies have shown that gratitude can have a monumental, positive impact on your mental and physical health. According to Harvard Medical School: “In positive psychology research, gratitude is
The holiday season creates an overwhelmingly positive sense of gratitude and an appreciation for all that we have. It’s natural to want to use a portion of what you have to positively impact the lives of others. Many people choose to donate during this time
It’s no secret that life is capable of throwing financial curveballs. We’ve all been hit by a bill we didn’t expect or had to sell company stock at a disadvantaged tax position to cover a hefty tax bill. Most of these unexpected expenses directly impact
Many people spend their entire lives saving for retirement but don’t put very much thought into how they’ll convert that nest egg into an income once they take the leap. The truth is that putting together a well thought out withdrawal strategy can save you a