When people decide to add a trust to their estate plan, they're often surprised to find out how many types there are to consider.

So how can you know which is best for you? In truth, there is no one-size-fits-all answer, and each individual's needs are unique.

Read More

Some retirement expenses are easy to plan for. You’ve probably considered how your healthcare needs may change, or whether living expenses may be higher or lower than before.

But some aspects of retirement aren’t obvious in your working years — and many savings strategies don’t incorporate them as a result.

Here are a few expenses you can plan for that may change during retirement:

Read More

At its height, Enron was trading at $90.75. By December 2001, its mismanagement was exposed, and its stock plunged to just $0.26. The company declared bankruptcy shortly thereafter.

Just last year, FTX started crumbling due to mismanagement in a similar manner, shocking the entire cryptocurrency market. The case is still unfolding, but both FTX’s and Enron’s downfalls offer important lessons for professional and personal finance alike.

Read More

Cypress trees are brittle and easily snap in a storm, but palm trees can bend when faced with hurricanes. Their long-term strategy is to be flexible enough for unpredictably bad weather.

It’s food for thought regarding how we approach our savings strategy: Is it flexible enough to withstand the occasional economic storm?

Read More

What will you regret not doing when you reach the end of your life? Jeff Bezos famously asked himself this before he founded Amazon. This simple question became a framework that he attributes a lot of his success to.

You can use this framework in everything from personal matters to business ventures. But this future-focused yet cautious approach can be especially useful when making financial decisions.

Read More

Getting a holiday bonus this year, or maybe some gift money from a loved one? If so, you probably have a few ideas on how you could use it, and the goal isn’t always to be frugal. 

But what if you could spend and call it a financially smart decision at the same time? If you pick any of these five ideas, you can rest easy knowing that your spending is too savvy to be considered a splurge:

Read More