Key Takeaways There are five main types of power of attorney: durable, nondurable, springing, general, financial, and medical POA. A power of attorney expires immediately upon death and agents must stop acting on the principal’s behalf. Probate is required to transfer assets whether or not a will exists, with executors or administrators taking over. Continuing […]
Your Guide to Powers of Attorney Read More »
22% of Americans say they have less than $5,000 put away towards retirement. Yet, when asked, 40% of workers believe they will need $1 million in savings to afford retirement. It’s the American dream to spend your younger life working so that you can walk away from your job and enjoy a leisurely retirement as
How Much To Save for Retirement (Elevate Your Strategy in 2022) Read More »
67% of Americans have done nothing to prepare for their end of life, including creating an estate plan. Most people would agree with the importance of creating a care plan for their loved ones once they’re gone. Yet, for many, the idea of considering their mortality keeps them from planning for the future. If you’re
Bogart Wealth’s End of Life and Estate Planning Checklist Read More »
The year 2020 had over 60 million Americans participating in some form of 401k program. The average employee opted to add up to 9.3 percent of earnings into their retirement plan. The good news for those investors, the average plan had increases in value of up to 24 percent. Since most people put money into
8 Strategies to Maximize Your 401k Read More »
Assets vs liabilities explained for executives and high net worth families, with examples for RSUs, options, real estate, debt, taxes, and cash-flow planning.
Assets vs Liabilities: A Wealth-Building Framework Read More »
You may have no idea what to do with the money you’ve saved in your 401(k) after retirement. Nearly half of retirees intend to use their 401(k) as their primary income source during retirement, but they sometimes find that it’s not needed right away. How you use your 401(k) in retirement will vary based on
What Happens to 401(k) When You Retire? Read More »
Deciding who inherits your assets is one of the most critical steps in estate planning. Beyond naming primary beneficiaries, choosing contingent beneficiaries ensures your wishes are honored even when circumstances change unexpectedly. This guide explains the difference between primary and contingent beneficiaries, who you can name, common mistakes to avoid, and how to keep your
Primary vs Contingent Beneficiary: Complete Guide Read More »
There are two main tax considerations when you invest in a mutual fund: How the investments within the fund are taxed and the taxes incurred when you exit the fund (sell your shares). Taxes on the Investments within a Mutual Fund When you sell an investment, any profits count as capital gains and are subject
How Are Mutual Funds Taxed? Read More »
Understanding the difference between top-down investing and bottom-up investing can help you make better decisions about your portfolio. Often, financial advisors use a combination of the two in an attempt to harness the benefits of both approaches. What is Top-Down Investing? Understanding the Macro Approach With top-down investing, you start by looking at the state
Top-Down Investing Vs. Bottom-Up Investing Read More »
Floating rate funds invest in debt securities whose interest payments reset as reference rates change. In 2026, that matters because short-term rates are no longer in the same rate-hiking setup that made floating-rate income feel simple to explain. The Federal Reserve’s target range was 3.50% to 3.75% on June 16, 2026, and FRED listed the
Floating Rate Funds in 2026: Benefits, Risks, and Alternatives Read More »
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