Bear markets are no fun (for anyone). They are stressful and can often cause investors to question even their best laid financial plans. But what we like to focus on in a downturn isn’t all the doom and gloom, but rather how we can take advantage of these down markets to position your portfolio for even better returns in the
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Practical Planning Helps Widows Prepare For Loss
Planning to become a widow sounds counterintuitive, not to mention incredibly difficult to imagine. But ask any widow or widower and they’ll tell you that losing a spouse is hands-down one of life’s greatest challenges. Even for those who knew they would likely outlive their spouse, the reality wasn’t anything they could have emotionally prepared for.
The Case for Staying Invested in Volatile Markets
Global markets have taken us for a wild ride thus far in 2022. Inflation is not yet under control, and the Fed is raising interest rates to combat it. Geopolitical tensions are leading to deglobalization, and investors are naturally worried about what this means for their portfolios. Whether we like it or not, most of us have acknowledged that these…
Seek Advice Before Settling Your Late Spouse's Debts
A strong sense of security—be it emotional, mental, physical, or financial—is fundamental to a person’s well-being. This is especially true during times of grief, such as the loss of a spouse. But there are a number of financial circumstances that can make a widow feel uneasy in the wake of loss. If a new widow counted upon her spouse’s income,…
3 Life-Changing Financial Moves to Help Widows Reduce Risk and Heal with More Confidence
In financial planning, we talk a lot about risk—how much risk you can afford to take with your investments, what kinds of risk to look out for, how risk affects potential reward, and how to mitigate risks in your own life. These are pretty standard “risk topics” financial advisors address with their clients all the time, men and women alike.…
What You Learn About Yourself Working with a Financial Advisor
Most people know that when they start working with a financial advisor, they will learn a great deal about the financial strategies they’ll use to build wealth, save on taxes, leave a legacy for their heirs, and more. But what they often do not realize is how much they will learn about themselves in the process.
You see, advisors use…
What is a Certified Divorce Financial Analyst?
Divorce is an extremely turbulent, stressful, and emotional process during which women are tasked with making some of the most important financial decisions of their lives. For better or worse, the reverberations from these financial decisions will impact them for years (if not decades) into the future.
So how do women approach such an emotionally charged time with a clear…
What Happens to Your Home After the Loss of a Spouse?
Losing a spouse is one of life’s greatest challenges. Whether it’s expected or sudden, one of the most trying aspects is having to deal almost immediately with household expenses and personal finances. The toll grief takes on your emotions can cloud judgement and turn even minor money decisions into overly strenuous events.
One of the most difficult questions you have…
How Do Markets React to Geopolitical Uncertainty?
We are living in challenging times. Economically, personally, spiritually—there have been no shortage of life-changing events impacting our lives over these last few years.
This past month is no exception with the tragic unfolding of the Russian invasion of Ukraine. It goes without saying that we are deeply saddened by this conflict and hope that a diplomatic resolution will be…
The Benefits of Working with a Team of Advisors
What’s better than working with one amazing financial advisor? Working with a team of them, of course.
Over the past couple decades, the rise of the Independent RIA has taken the financial services world by storm. When Sam Hull first founded Northstar Financial Planning back in 1994, there weren’t nearly as many options when it came to finding a CERTIFIED…