In this quarter’s newsletter I will be discussing Estate
Planning, Exchange Traded Funds (EFTs), and Retirement. Although each of the following articles cover
a different topic, they are all components of the financial planning process.
Although estate planning is a subject that some people
would prefer not to discuss, it is a vital part of a financial plan. The
first article, "To Trust or Not to Trust," explains why high net
worth couples should include a trust in their estate planning process. Keep in mind that trusts are not just for
high net worth individuals. There are other reasons to include a
trust in your estate plan. Trusts
provide asset protection for your heir(s), manage assets for your minor or
impaired children, and have age specific asset distribution benchmarks for
your heir(s) (i.e. age 25, 30, etc.).
The second article, “Three Reasons to Add ETFs
to Your Portfolio," considers why ETFs could be a good addition to
your portfolio. ETFs are a relatively new investment product than became
available in the U.S. in 1993 and have gained in popularity over the past
several years. ETFs started as index
funds, but in 2008 the Securities and Exchange Commission began allowing the
creation of actively managed ETFs.
Lastly, the third article “So, You’re Ready for
Retirement…Or Are You?” discusses how over the past several years retirement
planning has come to include a period of transition. This transition period is not for everyone,
but the option should be explored before retiring.
As always,
we at Paragon Financial Advisors welcome your questions about your account. If you are interested in Financial Planning
or any of the topics discussed please call us.
David W. Hailey CTFA®, CFP®
Principal and
President
