by Timothy McNeely | Apr 16, 2020 | True Wealth Report
We find that, by and large, people seeking financial advice know to look for a financial advisor who has high levels of integrity and who wants to do what is in their clients’ best interest at all times.
But it seems that fewer people pay attention to the orientation of their financial advisor candidates. As a result, they may risk choosing an advisor who isn’t a great fit.
Here’s a look at four different types of advisors you are likely to encounter and how they stack up against each other in some key areas. Armed with this information, you should be able to better assess which type is best suited for you based on factors such as your goals, the complexity of your financial situation and your net worth.
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by Timothy McNeely | Mar 5, 2020 | True Wealth Report
The old saying “Shirtsleeves to shirtsleeves in three generations” means family wealth that’s built by the first generation is eroded or even destroyed by the third generation, which squanders the assets it inherits through reckless spending, poor investment decisions and other mistakes.
The result: The family ends up back where it started, with the same amount of wealth (or less than) it began with generations ago.
Unfortunately, it’s not just an adage.
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by Timothy McNeely | Feb 4, 2020 | True Wealth Report
“They say we get wiser as we get older, but let’s face it: Many new uncertainties and challenges can crop up as people get deeper into their golden years. Changes in physical health and issues with memory can mean you—or your elderly parents—might require new types of never-before-needed assistance.With that in mind, here’s a look at two key issues that may impact your life or the lives of your elderly parents—aging in place, and safeguarding wealth from costly cognitive mistakes.
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by Timothy McNeely | Jan 6, 2020 | True Wealth Report
The powerful benefits of thoughtful action
When people are confronted with adversity, opportunity or both, they often react quickly—with the intention of dealing with the situation rapidly and moving forward.
These reflexively gut-driven responses are often rewarded by our culture, which praises the “fast-acting do-er” who “gets the job done” or “puts out fires.”
Trouble is, rapid action can often result in adverse outcomes. When that happens, you might fail to get the desired result while simultaneously making matters worse due to unforeseen and unintended consequences.
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by Timothy McNeely | Dec 4, 2019 | True Wealth Report
Americans—especially the affluent—are some of the most charitable people in the world.[*] Chances are, you use some of your wealth to support favorite causes or organizations that are important to you.
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