In this archived edition of the True Advisor Report, David Morgan was named “True Advisor of the Month”. Click to view the full article.

Seven Key Elements of Estate Planning

From: retirement.tips

Most people agree that, in theory, estate planning is a necessary task regardless of wealth. But it tends to be an uncomfortable process for many people, as it involves confronting your own mortality – not to mention having some potentially difficult conversations with family members. 

Many people also aren’t aware of the various estate planning tools that are available for protecting…

By Mallory Edens

As people age, we can tend to become more insular and have fewer human connections. But humans are social creatures; it is in our nature to want to connect with others. Though the age of social media has brought with it new tools for making connections, there’s something to be said for meeting face-to-face. Here, we offer a few tips for rekindling old connections and making new ones.

Estate Planning for Retirees

From: theamericanretiree.com

As you approach retirement, your estate plans may differ from those during other stages of your life. During retirement, a comprehensive estate plan must consider your financial needs, ensure they are met, and provide additional safeguards. The following are some ways to develop this type of plan.

1. Purchase Long-Term Care Insurance

Having to reside in a nursing home or similar facility for an extended period of…

The Dark Side of Variable Annuities

From: theamericanretiree.com

During your early life, you probably rode the ebb and flow of the market, hoping to hit that investment “home run.” And why not? Even though you suffered losses from time to time, you were confident that you would bounce back, and you knew you had plenty of time to recover before retirement.

As time passes, investing approaches change. Retirement is when most people…

By Mallory Edens

After spending your life working and creating an estate with some help from Retirement and Estate Advisors and Professionals, the last thing you want is to struggle in your golden years. However, financial struggles can fall on anyone. If you are facing self-doubt and wondering how to bounce back after financial issues, consider this brief guide to help you get back to financial stability.

Find Ways To Relieve Stress

Start by taking a…

By Lyle Solomon

No matter how much money you make or where you are in life, you will always have to choose between spending and saving. And when it comes to big financial goals, like paying off debt or saving for retirement, it’s not always clear which one to work on first.

You will have a better financial future if you choose to save or pay down debt instead of spending any extra money you might…

TIPS Versus I Bonds

From: www.morningstar.com

I Bonds boast tax advantages, but purchase limits reduce appeal.

When investors think about adding explicit inflation protection to their portfolios, Treasury Inflation-Protected Securities, or TIPS, are usually top of mind, as it’s easy to obtain exposure to these securities by scooping up a mutual fund or exchange-traded fund. But investors looking to add explicit…

Congress passed Inflation Reduction Act of 2022. Here are 6 tax takeaways.

From: natptax.com

The Inflation Reduction Act (IRA) has just passed both houses of Congress and is expected to receive the president’s signature this weekend without issue. The act includes provisions that will have both long- and short-term tax impacts on taxpayers. In this blog post, we break down the six items in the IRA that every tax preparer needs…

Honoring The Wishes of Those Who Didn’t Want a Funeral

From: www.nextavenue.org

Loved ones who are grieving may ultimately make different decisions

Funerals, shivas, memorials and other rites that mark a death are a fact of life. They bring together people to mark the deceased’s life and passing, while providing comfort, support and a sense of community. But more and more, people are opting not to have a traditional service or rite,…