Under the Hood: What You Need to Know About Wills, Pt. I: The Checklist
Financial planners should know how to review a client's will to ensure their wishes are met. Here's the first part of my estate planning checklist.
Can Financial Planning Be Profitable?
Here’s how I make sure I’m at least covering my costs, and my time, in creating a new plan.
Choosing a Custodian
This is one of the most important decisions you'll make if you become an RIA.
How to Start Your Own RIA Firm
In my previous article on the affiliation options that an advisor has, I led you to the point of deciding whether you wanted to be an employee advisor, an independent contractor advisor or your own registered investment advisor.
Using Monte Carlo for Inflation Assumptions in Financial Plans
How to use Monte Carlo simulation’s lognormal distribution tool to make inflation assumptions in a financial plan.
Using Distributions in Monte Carlo Simulation
Looking at some MCS distributions and learning how to use the most appropriate one.
Under the Hood: What You Need to Know About the Federal Estate Tax
What’s included in the estate, what’s the tax on that estate and what are the resources for learning more, including designations to consider achieving.
Using Monte Carlo Distributions in Financial Planning
How using Monte Carlo simulation can give you, and your client, a better appreciation for the likelihood of an investment return.
Using Monte Carlo in Financial Planning: The Assumptions
When creating a financial plan, Monte Carlo simulation can, and in some cases should, be used. Here are the assumptions I test.
A Financial Plan’s Two Most Important Assumptions
Amid the myriad of inputs into a financial plan, there are two on which it’s important to run a Monte Carlo simulation.