December 20, 2016

Video: Top 5 Money Moves for a First-Time Parent

Hey, this is Justin with bringing you five must do’s if you’re a first-time parent. Congratulations! You just had a new baby. The world has changed. I’ve been there. I remember when my first little baby was born. Savannah Marie changed my world.  Here are five things you must do when you bring home baby:   The first thing is we have to save and budget. Formula is expensive and until you’ve bought it every day for six months straight you can’t even imagine the toll it will take on your finances. Budgeting is a must. Start saving and if you aren’t already, start budgeting. One day they’re going to grow up. They’re going to go to college. IN today’s world a college degree is a must. Start saving now. Even if it’s just $10 a month, save. It will add up for college one day. You can always increase it later. If you can afford to do more, do more now. But start saving for college NOW. You have to have to have to have to have to have to have life insurance! It’s a MUST!!! There’s no if’s and’s or but’s. You have to have it! You have […]
August 3, 2016

5 Estate Questions to Ask About Real Estate

Preparing your estate in advance is one of the greatest gifts you can give your family. Many estates include real estate in the form of a primary home, vacation home, and other family properties. While inheriting a property can be a wonderful legacy, it also comes with obligations that heirs may be unprepared or unable to fulfill. If you intend to leave real estate to your heirs, ask yourself these five questions to help avoid creating problems for your loved ones. 5 Estate Questions Will the Property Have a Mortgage? If the property comes with a mortgage or home equity loan, your heirs will need to negotiate with the lender to satisfy the terms of the loan. In many cases, they may need to sell the property to pay off any loans if financial provisions aren’t made elsewhere in the estate. Life insurance is one option for giving loved ones the cash needed to satisfy final debts. What Are the Tax Considerations? If you leave a large estate, your heirs might end up owing state and federal estate taxes on their inheritance. Make sure that your heirs have the financial resources they will need to satisfy the tax bill. If […]
July 15, 2016
park the college savings

Where do I park the college savings?

“Where do I park the college savings?”, If you’ve got yourself on track financially and you’re ready to start saving for you child’s college expenses then you may be asking yourself where do I put the savings? There’s a myriad of options when it comes to college savings. Today let’s look at where you can park that money to get the most out of it. The most popular way to invest your college savings is a 529 Plan. This is a state sponsored plan that was created in 1996 that allows you to put money in that will be invested in mutual funds, index funds and things of that nature. The great thing about these plans are they grow tax free and can be used for qualifying college expenses. For example, let’s say you invest $10,000 over a period of time and your money grows to $20,000. You can then pull the whole amount out to pay qualified expenses like tuition, books, etc. TAX FREE!!! 529 plans can also be an individual or group plans. Individual plans can be purchased directly from the state or an advisor. Those purchased directly from the state often have the lowest fees, however if you aren’t […]
April 19, 2016

VIDEO: What kind of life insurance should I purchase?

What kind of life insurance should I purchase?   In this video, Justin Goodbread, CFP(R), answers a clients question.  What type of life insurance should I purchase.  Heritageinvestor So after watching the video, have you choosed or decided which insurance plan you should purchase? We are sure you would get many ideas after watching the interesting and useful video given above. We are sure you gonna shine after implementing the tips given in the video in your real life. Discuss the tips with your friends, family or colleagues and spread the knowledge among all. If you are enjoying reading our article and watching the video lectures then please recommend these to other also. We are sure after watching the lecture given above you will surely gonna choose a perfect insurance plan for you and your family. If you did not watch the video yet then watch it now, just click on the video given above and watch. If you like the video then please keep sharing it with others and also tell us about your views, because it will help us to improve our contents and way of expressing the tips. So keep sharing the videos and articles with others and subscribe […]