If you are a February baby, your birthstone is Amethyst – a purple to violet color quartz. The word “amethyst” comes from the Hellenistic Greek “amethystos”, which translates simply as “not intoxicate” – so it’s no surprise that the ancient Greeks wore the stone and decorated drinking vessels with it in the belief that […]
The post February Birthstone 2021 – Amethyst appeared first on PriceScope.
New year, new rings! At Lauren B, one (maybe the only?) awesome thing about 2020 was that it brought about new inspiration amongst our clients for creative and original diamond rings.
As someone who has been in the jewelry trade for close to 15 years, I know just how hard it is to understand all the details and nuances to look for when purchasing a diamond. It took me many years to confidently know what to look for when buying them for our inventory and I still find myself learning something new each day.
Our 2020 Holiday Gift Guide has arrived, and just in time with our favorite picks from our SALE! All of the jewelry pieces shown in this gift guide are under $3000. Keep reading and happy shopping!
A legacy is what you leave, including your assets and possessions, to your beneficiaries so you can create something that lasts and help provide for them in the future. When planning the legacy you want to leave, you should also think about the generation after you and how they will be able to build upon what you leave behind.
Fortunately, you don’t have to be a millionaire to leave a financial legacy. You can help provide for your loved ones after you’re gone with any amount of money. Learn what it means to leave a financial legacy and how you can do it meaningfully.
As explained by U.S. News & World Report, planning a financial legacy is part of planning your retirement.
Financial guru Chris Hogan describes a legacy as “an enduring impact that you make on those who outlive you. Most of the time, it comes as (or includes) a gift, such as an inheritance, a family business, or property.”
Not surprisingly, leaving a financial legacy depends on coming up with a plan for passing along your wealth. Here are three things you can do to ensure you leave a financial legacy that’ll have a positive impact when you’re gone.
Farm Bureau Financial Services emphasizes the need to create a wealth-transfer strategy that aligns with your goals. Your goals may be to:
Your wealth-transfer plan should include wills, trusts, and other legal frameworks for determining how your estate will be handled. You may want to consult with an attorney, accountant, or financial adviser to help craft this plan.
“Planning your legacy can give you the reassurance that you’ve done all you can to organize your life, articulate your wishes, and shape how you will be remembered,” says Kevin Hindman, a managing director at Merrill Lynch.
It may be hard to think about a future without you, but it’s essential to chat with your family about your financial legacy. However, survey data cited by Farm Bureau Financial Services shows that few potential beneficiaries are informed ahead of time about the intended plans for their inheritance.
“Only 37% of those surveyed were prepared by their benefactors for receiving an inheritance,” Farm Bureau Financial Services reports.
“Although…frank planning conversations may be uncomfortable as they’re happening, it’s necessary to have them so that everyone’s expectations are out on the table,” says Cynthia Hutchins, director of financial gerontology at Bank of America Merrill Lynch. “Once you’ve had them, you can enjoy life more fully, knowing you’ve done your best to see that your wishes will be observed and your family well cared for.”
If you haven’t already started, now is the time to begin building wealth in order to leave a healthy financial legacy. If your wealth-building program is already in place, be sure you revisit your strategies regularly. And keep in mind that your financial legacy doesn’t have to consist solely of cash.
Among the steps you can take to generate wealth are:
One thing to note as you’re assessing your wealth-building options is that under the federal SECURE Act, passed in 2020, those who inherit a retirement account (such as an IRA) and are not the account owner’s spouse must withdraw all of the money within 10 years of gaining the inheritance. As you’re contemplating your financial legacy, this new wrinkle in the law should be considered during your estate-planning efforts.
Safeguard your loved ones. Leave behind a financial legacy with help from U.S. Money Reserve. Download your free Gold Information Kit and call a knowledgeable Account Executive today for a one-on-one consultation.
The post How to Leave a Financial Legacy with a Portfolio of Any Size appeared first on U.S. Money Reserve.
Kitco News
(Kitco News) – Newmont boasts the largest gold reserves base across the industry with stunning 53.2% growth year-over-year.
The post Largest gold mining companies ranked by reserves – report appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Despite the gold price being stuck at the same trading range for the past month, U.S. Mint has reported impressive gold and silver coins sales in January.
The post Gold and silver coin sales surge in January, U.S. Mint limits sales appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Aura Minerals (TSX: ORA) announced Wednesday that the Board of Directors of the company has approved the development of the Almas gold project, an open pit gold mine located in the state of Tocantins, Brazil.
The post Aura Minerals greenlights construction of Almas gold project appeared first on WorldSilverNews.