Retirement is a stage in life that many look forward to. However, it comes with its own set of financial challenges, among them being the handling of taxes in retirement. Contrary to popular belief, tax responsibilities do not necessarily cease once you retire. Your tax liability may increase if your retirement income sources are not tax-efficient. Understanding how to manage taxes during this period can go a long way in helping you maintain a suitable standard of living.
Legacy planning is a comprehensive process that covers traditional estate planning activities such as trusts and asset distribution and includes broader considerations, such as how a person wants to be remembered.
Life insurance is a fundamental and essential component in any comprehensive financial plan. It instills a sense of security in the policyholder and their dependents.