"Helping People Make Smart Choices about Life and Money Since 1986"

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When a Family Member Dies

What To Do When A Family Member Dies | Coastal Financial Advisors

Six Most Overlooked Tax Deductions

Six Most Overlooked Tax Deductions | Coastal Financial Advisors

 

 

Why Exit Planning is Good Business

 

We have all heard the adage that most businesses do not survive to the third and fourth generation.

 

If that is indeed the case, then what is your pharmacy’s ‘transition of care’ plan?

 

Financial Missteps

Personal finance, like just about everything else, is mainly common sense. Advice like “don’t spend more than you make; start investing while you’re young; don’t loan money to friends with the expectation of getting it back,” have been around for generations, and most likely will survive the next few generations as well.

Event Occurrence Frequency by Year Count of Major Events - United States

Event Occurrence Frequency by Year Count of Major Events - United States.png

Tips for Documenting Your Valuables

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Could you list (and accurately value) all your personal property from memory?  In the event you need to file a claim, a complete inventory of all your possessions can help you document your loss.  A written description should include the date of acquisition, original cost, and any improvements.  Serial numbers, if available, should be recorded, and any receipts you have should be attached to the list.

Not sure keeping an inventory is all that important?  You should.  Here is what a former insurance company employee said about how documentation plays a huge role in your claim:

 

Life Insurance—How Much Is Enough?

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You're probably aware of the importance of having enough life insurance to cover expenses if you were to pass unexpectedly.  If that happened, would your family be taken care of?  Sometimes, a simple benchmark of 10x your salary is sufficient.  A better approach might be a "needs analysis" which looks at your family's most important goals and obligations.  Here are some things to consider when looking at life insurance through a needs analysis.

Why do You Need a Will?

Why do You Need a Will? Coastal Financial Advisors Blog

Why Retirement Planning is Different from Financial Planning

On the surface, the terms “retirement planning” and “financial planning” might seem interchangeable. But while they are similar in many ways and often do go hand-in-hand, the two are not exactly the same. Each has its own intricacies and fine details that make it unique.

Retirement Income Planning for Petrochemical Employees

Experienced financial advisors can offer employees in the petrochemical industry financial plans tailored to the unique needs of their occupation.

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The Legacy Planning Group, and Lincoln Investment Planning, LLC. are independent and not affiliated. 

Advisory services offered through Lincoln Investment or Capital Analysts Registered Investment Adviser. Securities offered through Lincoln Investment, Broker Dealer, Member FINRA/SIPC. www.finra.org, www.sipc.org, www.lincolninvestment.com.

This site has been prepared solely for information purposes is not intended to be a solicitation, offer or sale of securities products or investment advisory services to anyone who resides outside of the United States. Lincoln Investment and Capital Analysts are registered as investment advisers with the U.S. Securities and Exchange Commission and Lincoln Investment is registered as a broker/dealer in all 50 states. Lincoln Investment, Capital Analysts and its Financial Representatives may only transact business in a particular state if first registered and only after complying with registration requirements. Tax and legal services are not offered through, or supervised by Lincoln Investment, or Capital Analysts.

 

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