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Starting or Buying a Business

In Articles, Wealth Management by Mission Wealth

So, you’re thinking of going into business for yourself. You have several options available, and all involve some degree of risk. Do you want to create a start-up operation? Perhaps you are planning on buying an existing business. Or, you may be considering the purchase of a franchise operation. Each option involves some element of risk and reward. Whichever option you choose, however, owning your own business offers a chance at more freedom and greater financial rewards.

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Estate Planning and 529 Plans

In Articles, Estate Planning, Wealth Management by Mission Wealth

When you contribute to a 529 plan, you’ll not only help your child, grandchild, or other loved one pay for school, but you’ll also remove money from your taxable estate. This will help you minimize your tax liability and preserve more of your estate for your loved ones after you die. So, if you’re thinking about contributing money to a 529 plan, it pays to understand the gift and estate tax rules.

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Why Women Need Life Insurance

In Articles, Wealth Management by Mission Wealth

Today, women have more financial responsibilities than ever before. How will your family or loved ones manage financially if you die? Whether you are single, married, employed, or a stay-at-home mom, you probably need life insurance. At the very least, life insurance can help pay for the costs of funeral and burial services, estate administration, outstanding debts, estate taxes, and the uninsured expenses of a final illness.

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Dealing with Divorce

In Articles, Wealth Management by Mission Wealth

Divorce can be a lengthy process that may strain your finances and leave you feeling out of control. But with the right preparation, you can protect your interests, take charge of your future, and save yourself time and money. You probably never expected divorce when you cut the wedding cake – you and your spouse planned on spending the rest of your lives together. Unfortunately, the fairy tale didn’t work out, and you’re headed for a divorce. So where do you begin?

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How a Financial Professional Can Help You

In Articles, Estate Planning, Investments, Wealth Management by Mission Wealth

Are you suddenly on your own or forced to assume greater responsibility for your financial future? Unsure about whether you’re on the right track with your savings and investments? Finding yourself with new responsibilities, such as the care of a child or an aging parent? Facing other life events, such as marriage, divorce, the sale of a family business, or a career change? Too busy to become a financial expert but needing to make sure your assets are being managed appropriately? Or maybe you simply feel your assets could be invested or protected better than they are now. These are only some of the many circumstances that prompt people to contact someone who can help them address their financial questions and issues.

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Women and Money: 5 Tips to Taking Control of Your Finances

In Articles, Wealth Management by Mission Wealth

As a woman, you have financial needs that are unique to your situation in life. Perhaps you would like to buy your first home. Maybe you need to start saving for your child’s college education. Or you might be concerned about planning for retirement. Whatever your circumstances may be, it’s important to have a clear understanding of your overall financial position.

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Did You Inherit Your Beliefs about Money from Your Parents?

In Articles, Wealth Management by Mission Wealth

Parents know that children hear, see, and pick up on everything that is going on with the adults in their lives. And when you were a child, you were no different. Many of the attitudes we have about money were formed at a very early age as we absorbed how our own parents dealt with their finances. Some of these beliefs, such as a commitment to disciplined saving, are positive. Others, like skepticism about the stock market, can be more harmful than helpful as we try to build wealth in our own lives.

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Health Care Options in Retirement

In Articles, Wealth Management by Amanda Thomas

As you look to the later stages of your life, you will want to understand and quantify all of your options when it comes to housing and potential healthcare costs. You might wonder if you should try to live with family, stay at home and receive part-time or full-time assistance there, or move to a retirement home where many of these costs are covered and a continuum of care is offered.