Five Things to Consider Before You Retire Abroad

Written by Adam Scott, CFP® on July 27, 2020.

These Preparations Will Make for a Smoother Transition to Your New Home

Where in the world would you live if you could? Have you always dreamed of retiring abroad? You’ve worked hard for decades to reach retirement, now it’s truly within view and this may be your chance! An exciting new chapter is opening up that will allow you to focus more on enjoying life. Some want an adventure, others a lower cost of living whilst ex-pats might wish to return to their native land.

Whatever the reason, if this is your dream, you are not alone. For the past decade, retirement has also meant a move abroad for a growing number of Americans. If you’re considering leaving behind the daily grind as well as your roots on U.S. soil, consider these five things before taking the plunge.

crossborder, personal finances, retirement planning, wealth management

Are Your Investment Decisions Making the World a Better Place?

Written by Adam Scott, CFP® on June 29, 2020.

Consider the Growing Trend of Impact Investing

One of the most exciting aspects of impact investing is that there are so many choices. Whether you’re interested in stocks, bonds, or real estate, investing allows you to weigh your options and build the portfolio that best fits your interests, needs, and level of risk. Of course, the end goal is to secure your financial future.

What if you want to accomplish more than that, though? What if your goal is not just to make money, but also to better society in some way? Recently, an increasing number of clients have asked me about an exciting new trend that accomplishes just that – impact investing – which we’ll explore in detail below. Although you can take a “do-it-yourself” approach using the information shared here, this is an area best navigated with the guidance of a financial advisor with experience in this area.

If the idea of building your portfolio with purpose appeals to you, below you’ll find a few of the decisions you and your financial advisor will explore.

impact investing, personal finances, wealth management

Eight Considerations When Passing an Inheritance to Your Children

Written by Adam Scott, CFP® on June 15, 2020.

Deciding to Provide for Heirs Can Impact Many Financial Decisions

Regardless of the industry you’re in or the type of career you have, there is one thing that rings true for most people: the ability to leave an inheritance behind for your loved ones feels like the ultimate measure of success. As you’re toiling through years of hard work and financial sacrifice, it is gratifying to know that your strategic efforts will culminate in a financial legacy for your children that can provide security and peace of mind.

While there is much emotion tied up in the decision to provide an inheritance for your children, you’ll want to be sure you go about it in the right way. This single decision can impact all of your financial decisions, including how much you put into savings, the types of retirement plans you utilize, and how or when you take distributions.

In order to ensure you properly cover all your financial bases, here are eight considerations for passing an inheritance to your children.

inheritance, personal finances, wealth management

Seven Steps to Finding the Best Financial Advisor

Written by Adam Scott, CFP® on June 3, 2020.

It’s crucial to find the right person for your family.

Hiring a financial advisor means taking on an expert partner in financial planning so that you can have peace of mind as you pursue your financial and life goals. It should be a long-term decision, and one you don’t undertake lightly. After all, it’s akin to hiring a chief financial officer for your family, so your financial advisor has to be someone you feel you can trust and work with for many years to come.

Given the importance of finding the right person, you should take your time before making a selection. Here are seven steps to take as you move forward with your decision.

financial advisors, retirement planning, wealth management

Everything You Need to Know About Succession Planning

Written by Adam Scott, CFP® on February 13, 2020.

Whether your organization is large or small, a start-up or an established entity, employees will come and go. When someone leaves your business, it’s important to retain all the knowledge they accrued over time and to plan for someone else to be able to step into their role. This is called succession planning, and it’s integral to preventing knowledge loss and maintaining normal business operations in the face of employee turnover.

If you don’t have a succession plan in place just yet, read on to learn about the steps you should take to develop a plan and ensure its success.

business management, financial planning, wealth management

COVID-19 INFORMATION

Tag: wealth management