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The Latest From Our Blog

Should I Freeze My Credit? Thumbnail

Should I Freeze My Credit?

“A few weeks ago, my sister was contacted by a debt collections agency requesting payment for a credit card that she didn’t recognize. After some digging, she found out that a fraudster opened a credit card in her name and charged thousands of dollars! Now I’m scared something like this could happen to me. What can I do?” With fraud on the rise, there are steps you can take to protect your credit. Services like LifeLock provide credit monitoring for a monthly fee, but if you’re looking for a no-cost step to take, you can protect your reports proactively for free with a credit freeze.

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Preserving Wealth During Market Volatility Thumbnail

Preserving Wealth During Market Volatility

Through the last two years, investors have seen social and geopolitical events send the stock market into historic highs and lows. Each time the market takes a turn, many clients ask, “How do I preserve my wealth in this volatile market?” FAI's answer always starts with our investment principle of diversification. Read more about the strong impact of diversifying investments in today's market here.

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How Can I Save For My Grandchild’s Education? 4 FAQs Thumbnail

How Can I Save For My Grandchild’s Education? 4 FAQs

Nadine was overjoyed when she called to tell us the news: her daughter and son-in-law were expecting – she was going to be a grandma! While Nadine is most looking forward to spoiling her future grandson or granddaughter with playdates and lots of sweets, she also wants to make sure her grandchild can pay for college someday. Read our blog to learn about 4 strategies for college savings.

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On Market Timing and Volatility Thumbnail

On Market Timing and Volatility

Investors cannot know with certainty what performance stocks and bonds will return next quarter, next year, or even five years from now. Research indicates that market timing does not work. For example, what was the state of the U.S. economy between 2007 and 2010? The housing market had collapsed, causing broad economic damage. Large banks Bear Stearns and Lehman Brothers had gone bankrupt the year before. Unemployment was nearing 10%, a high not seen since 1983.

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Four Ways To Make 2022 Your Most Tax-Efficient Year Yet Thumbnail

Four Ways To Make 2022 Your Most Tax-Efficient Year Yet

There are a lot of big things to plan for in a new year such as upcoming vacations, charitable goals, and everyone’s favorite… tax law changes! But don’t worry, we work together with our clients’ CPAs to monitor tax law changes so you don’t have to. While we don’t yet know all the changes that will be put into law, the IRS has released some guidance for contribution limits that you can plan on. We outline four easy ways to make 2022 your most tax-efficient year yet in this blog post.

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Letter Of Instruction: Overview And Downloadable Template Thumbnail

Letter Of Instruction: Overview And Downloadable Template

Annette is a proactive client – she and her husband Charlie have been working through our checklist of conversations with their children and are simplifying their financial records. Annette prioritizes staying organized and can easily handle her monthly cash flow but knows that an unexpected illness or accident would mean that Charlie or her children would have to step in and be her “Chief Operating Officer” as she recovers. We encouraged Annette to draft a Letter of Instruction. Read more here and access our Letter of Instruction template.

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How Long Should You Keep Financial Records? Thumbnail

How Long Should You Keep Financial Records?

When Kelly first came to FAI Wealth Management, she was drowning in paperwork. She had been told to keep important documents anywhere from one year to forever! Kelly was feeling overwhelmed by this mountain of records. She was downsizing and asked her FAI advisor if it was smart to get rid of some of these documents as she prepared to move to her new home. Below is an outline the advice we gave Kelly.

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Understanding LTC Policy Coverage Limits Thumbnail

Understanding LTC Policy Coverage Limits

Many people choose to purchase a long-term care (“LTC”) policy to help cover the high costs of in-home health care and nursing care. To help you understand long-term care insurance, here are key terms and benefits. The terminology below is most applicable to traditional long-term care policies but may be found in hybrid policies as well.

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