INSIGHTS

Even before the pandemic made virtual business transactions a must, many aspects of private merger and acquisition deals were being managed electronically or on a virtual basis. From diligence to...

There are many forms of insurance and, unfortunately, no one-size-fits-all policy. Life insurance is a virtual necessity if you have a spouse and children, but perhaps less important for a single person. Disability insurance, which provides an income stream if you are unable to work, is important for everyone.

The net worth formula is simple: Net Worth = Assets – Liabilities. Your net worth statement lists the items that make up your assets and liabilities. Rather than zooming back into the fine details, try focusing on the following key factors to understand how they impact the bigger picture.

Having an emergency fund is often the first step in savings. You then can follow that up with directed savings for the things that are important to you. If it is important to pay for your child’s education, it makes sense to save for that. If family vacations are important, save for that. For the goals that are longer term in nature, investing in the market with a targeted risk budget could improve chances of reaching your goals. There are no hard and fast rules that guarantee success, only steps to increase the probability of you reaching your goals.

Estate Planning is oft-ignored and commonly put off because it is rarely an easy exercise. Perhaps people mistake it as “only for the rich” but when the reality of losing a loved one is upon us, the importance of having a good estate plan hits home, no matter the net worth of the individual.

WEALTHSTONE ADVISORS has been in the wealth management business since it was founded over 40 years ago.  We work with individuals, families, and business owners providing an integrated approach...