Planning Ahead

Tape Talk | Investing, Business, Wealth, and Your Money

In this week's episode of Tape Talk, Quint and Daniel discuss some ways to think about planning ahead in your financial life.

Headlines

Hitting the headlines this week is news that China and the US intend to begin rolling back some tariffs as they find some neutral ground in the trade war. However, at this point, the market doesn't seem to be paying attention to these updated trade war headlines. In fact, it may just be that the market overall is becoming deaf to the trade war static until something more tangible comes to pass.

Preparing for the Inevitable

It's been said that nothing in life is certain other than death and taxes. While you are hopefully planning for your taxes annually it seems that death is quite a taboo topic for many. However, whether it is the death of a partner, their incapacitation, or just a change in life circumstances, it's important to plan ahead for what you'll do if something happens to the financial "CFO" in your relationship. Quint and Daniel discuss what they consider and what families might think about to prepare for the inevitable in this area.

Low-Cost Investing

Costs for investors are dropping rapidly and yet Quint and Daniel still often see people who are paying more than they should while rarely realizing it. For this reason, they discuss how to review your investment management fees while also considering the tax ramifications of fund investing some investors tend to overlook.

Rebalancing

If you are planning your finances for the end of the year it may be time to think about rebalancing. What's your strategy? What are the triggers? What type of tolerance bands are you using? Whether you do it yourself or rely on an advisor, these are some of the questions you should be asking to ensure you are keeping your actual risk inline with your intended risk.