Financial Focus
Savings for the Grandkids’ College Education
According to U.S News and World Report, in a recent survey, more than 50% of grandparents are saving or plan to start saving for grandchildren’s college expenses. Most of them chose to save into a 529 college savings plan that provides tax deferred growth and tax free withdrawal for education purposes. 529 college savings plans are free from federal income taxes until the money is withdrawn for qualified educational spending.
Read MoreWhy Oil Prices Fluctuate
The main reason they fluctuate is supply and demand. But this is not the only reason.
Read MoreProtect Thyself from Thyself: Investor Biases
Over an investor’s lifetime, there is likely to be many opportunities to fall victim to one or more of the biases Pfau outlines. Even the most successful investors can fall into these behavioral missteps without a trained and experienced advisor watching out for us.
Read MoreTax Savvy Giving
At First Pacific Financial, we often evaluate these types of strategies for our clients. There can be many factors to consider in your individual situation and these should be carefully understood and evaluated before making this a long term strategy.
Read MoreClient Vault: Filing System at Your Fingertips
The Client Vault solves the organization issue by allowing our clients to upload, store, and access any electronic file from a computer, tablet, or smartphone with an internet connection.
Read MoreThe Role of an Executor: What am I responsible for?
In the role of Executor, the complexity of your responsibilities will vary based on the complexity of the decedent’s assets. In general, you are responsible for sorting out the finances of the deceased, making sure debts and taxes are paid, and distributing assets to the heirs.
Read MoreEstate Planning 101: Shaping Your Future, The Essentials
Whether you have a complex financial situation or a simple one, estate planning is a way to take care of yourself and the people you love.
Read MoreWealth Director: Enhancing the Client Experience
Wealth Director is a powerful tool that allows for interactive financial planning between advisors and clients. One of the most common frustrations many people have is the inability to see all of their various accounts from different institutions in one place. Wealth Director solves this problem.
Read MoreRetirement Savings: Delaying gratification or buying peace of mind?
The big question on many American’s minds is how much they need to save to have a comfortable retirement. Simple question right? Wrong.
Read MoreThe Living Plan
Many people think that a financial plan is for their benefit. No doubt, our clients are more organized and have a clearer picture of what the future may hold. However, when we create a financial plan, we’re also creating it for ourselves, as advisors.
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