An estate plan is essential for protecting the people and things you care about when you pass away, regardless of your age or wealth. However, only 1 in 3 American adults have one. I recommend that everybody create an estate plan and make adjustments anytime their family circumstances change. Your family will be glad you did! How does an estate plan protect your family and legacy? Read on for six key benefits of having an estate plan. An estate plan can determine what will happen to your children, pets, and dependents when you’re gone. If you’re a parent, you need…
Insights & Advice
Tag: Financial Planning
Money In Motion | 5 Critical Moments for Financial Choices & What to Do
Families and individuals have the most to gain – or lose – when money is in motion. Whether you’re building wealth or spending it, one thing is for certain: this is a critical moment for good financial choices. Here are five common situations where you will find that your money is in motion, and what to look out for in each one: Leaving your job American workers leave their jobs, on average, once every 4.1 years, which means your money may be in motion due to a job change as many as 10 to 12 times in your lifetime! Whether…
Is it time to hire an investment advisor?
Individual investors have had a decade or more of gains, compliments of a stock market that has gone up with few interruptions. But as we enter a new era of tighter monetary policy, the road ahead may be a bit rockier than most investors expect. As such, it might be time to enlist a little professional help to preserve those profits. There is a saying on Wall Street that just about anyone can make money in a bull market. That may be a bit harsh. I don’t want to denigrate the efforts of so many who work hard at managing…
It’s been fun 2021
Dear Friends and Family, A lot happened to Berkshire Money Management in 2021. A lot has happened to all of us. As a nation, we’ve begun to return to restaurants, gyms, and movie theaters. I’ve seen hugs chosen over fist bumps. The pandemic is not entirely behind us – it’s affecting psyches and small businesses. Collectively, we’re healing. The 7-day moving average of COVID-19 deaths is on the decline. However, as I write this, the 7-day moving average of COVID-19 deaths is still 1,115 deaths per day. It will be some time before completely healing. And we’ll see those scars…