WealthPoint Advisors

Worried about passing your wealth to a troubled adult child?There are strategies that can help.

Can you check the box next to each of the following financial strategies? ✅ Schedule regular financial check-ups. ✅ Create and monitor an approach for education expenses. ✅ Develop and update an estate strategy to prepare for the transfer of your assets. ✅ Evaluate your insurance coverage so that you might be better positioned for unexpected life events. Given that October is #FinancialPlanningMonth, and we all face challenges in preparing for our financial future, these are some important considerations to keep in mind. Creating a financial strategy isn't just for the wealthy—it's for everyone who wants to prepare for the future. Whether you're just starting out or nearing retirement, there's always room to improve your financial health. #FinancialPlanningMonth #FinancialLiteracy

There are benefits and limitations when using a living trust. #LivingTrust

Raising a child in 2023 could cost an average of $331,933 from the time a child is born to age 18, according to a 2023 study by Northwestern Mutual. Shocking, right? But here's the twist: Taking care of aging parents may be even more expensive. According to a CNN report from April 20, 2023, an assisted living facility can cost an average of $5,806 per month or roughly $70,000 per year. And then there is memory care, the fastest-growing sector of the senior housing market. On average, memory care costs just over $7,500 a month or $90,000 per year! What I tell people is to prepare ahead of time! Talk to your parents about their wishes and potential financial needs. Explore extended care solutions early on. Establish a financial strategy that’s flexible when it comes to medical and care expenses. A financial professional can help by showing how different scenarios can be supported. Share your experiences in the comments! #SeniorCare #LongTermCare #FinancialStrategy

How many ways can you pay for college? Loans, grants, savings and investments, to name a few. #PayForCollege

Considering a vacation home? 5 questions to determine if you’re ready.

Interesting fact: There are now nearly 3x as many stock mutual funds and exchange-traded funds (ETFs) as there are listed American companies! Some eye-opening stats from a 2024 study by the MSCI World Index, which tracks financial markets throughout the world: 🔘 70% of global stock market value comes from US markets 🔘 All 10 of the world's most valuable companies are US-based 🔘 Yet less than 10% of listed companies worldwide are American (down from ~20% in the late 1990s) This shift reflects a changing landscape: 🔘 Fewer but larger US companies are dominating the markets 🔘 There's a rise of ETFs 🔘 Merger and acquisition activity has reduced the number of public companies Here’s a couple of things for investors to keep in mind: 🔘 Mutual funds and ETFs can play a role in a portfolio. 🔘 U.S. financial markets have a great amount of influence throughout the world. 🔘 Mutual funds and exchange-traded funds are sold only by prospectus. Please consider the charges, risks, expenses, and investment objectives carefully before investing. A prospectus containing this and other information about the investment company can be obtained from your financial professional. Read it carefully before you invest or send money. As financial professionals, we understand navigating this evolving market can be challenging. But we can help you see through the clutter and design a strategy to pursue your financial goals. #MutualFunds #StockMarket #Financial #Companies

Ever stop to think about how the smallest acts of kindness can sometimes make the biggest impact? Whether it's holding the door open, sending a thoughtful text, or sharing a smile, these little gestures can brighten someone's day more than we realize. Keep spreading those good acts and making the world a bit brighter, one small act at a time. ✨ #KindnessCounts #SpreadJoy #LittleThingsBigImpact

Have you heard of Acquired, one of the business world’s favorite podcasts? The buzz is that all the most brilliant business minds are tuning in. Acquired goes behind the scenes of the biggest tech initial public offering and acquisitions of all time and boasts an average of over 500,000 listeners per episode. Some unusual but interesting facts about the podcast: - They are LONG, but people still love them–episodes are in-depth dives, averaging a whopping 3-4 hours. They’re more like "conversational audiobooks." - Unlike typical podcasts with frequent releases, Acquired prioritizes quality. It releases meticulously researched episodes just 12 times a year, and each episode feels like an event. - The show explores companies across industries, offering a broader perspective on building and sustaining success. As investor David Rosenthal puts it, "Corporations are the biggest and best nonfiction stories of our day." Hosts Ben Gilbert and David Rosenthal are known for their in-depth research and clear storytelling, turning complex business histories into captivating narratives. Episodes include conversations with today’s leading business minds, Whether you're a seasoned entrepreneur or simply fascinated by the stories behind the world's most successful companies, Acquired is a podcast worth adding to your queue. #BusinessPodcast #AcquiredPodcast #BusinessStrategy #FinancialStrategy

Self-employed? Learn more about your retirement plan options.