Porter Financial Strategies

09/26/2024

I AM PLEASED TO ANNOUNCE.......
I have joined the Ameriprise group, Root, Borajkeiwicz Lucarelli Wealth Advisors. Here I am well-positioned to help you live life on your terms with access to useful tools, resources, products, and solutions. While the decision to change firms is never easy, I’m confident that Ameriprise Financial is the right firm for not just my practice, but also for you as my client. My new locations are: 250 State Street, Unit E-1, North Haven and 191 Main Street, Old Saybrook. My new phone number is, 203-407-8188 Ext. 345 (As of October 1st)

10/30/2021

You've put pen to paper and created an estate plan ✅
You’ve chosen a responsible loved one to execute your estate plan after your passing ✅

What's next?

Pass these 5 duties along to your executor to make things as smooth as possible and help them anticipate what to expect when the time comes.

Being an executor is not a task to take lightly but here are the top 5 duties to be aware of and what you absolutely need to know for when the day comes.

10/22/2021

🏘️ Real estate
🏦 Private equity
🧾Taxable investment accounts

As an executive, your accumulation of these kind of assets comes with many complexities and it's important that they're all organized.

That's where an estate plan comes into play.

By maintaining an up-to-date estate plan, you have the ability to safeguard your legacy and know your loved ones are taken care of in the long run.

Because of the unique way you may be compensated as an executive, there are details to identify that not everyone else needs to focus on.

10/14/2021

You want to divide your estate in a meaningful way.

But you don't want to put your relationship with your children and loved ones in jeopardy.

We get it.

Learning how to divvy up the inheritance and keep the family together is a big deal. But there is a way to achieve this reasonably and our handy guide will teach you how.

Dividing your estate among family can be complex and at times, difficult. Nevertheless, not having a will may lead to more complications and is ultima

10/06/2021

There’s no getting around it - estate planning can be morbid, uncomfortable and hard to discuss.

But avoiding it altogether will not do you or your loved ones any favors.

These 5️⃣ common emotional roadblocks could cause your estate planning efforts to come to a screeching halt.

The good news?

It is possible to overcome them and we're showing you how ⤵️

You’d be hardpressed to find any family that’d rather sit around the table discussing estate plans than going out to eat, enjoy the day outside or do

10/01/2021

Did you know…

78% of millennials DO NOT have a will?

And Gen Xer’s, at 64% you’re not doing much better!

Estate planning is a crucial component to protecting your loved ones, no matter how big or small your estate may be. Whether you’re raising a family or preparing for retirement, here’s what you need to know about estate planning at your age.

Everything you need to know about estate planning at any age.

09/26/2021

True or False:

Trusts only benefit the ultra-wealthy when it comes to preparing an estate plan.

👇 Drop your guess in the comments and follow the link to see if you’re right.

According to a 2019 survey, 51 percent of people believe having an estate plan is necessary, but only 40 percent have actually implemented one.

09/18/2021

According to Debt.org, 73% of Americans are likely to still have debt after their passing.

But debt, of course, isn’t the legacy you want to leave your loved ones, right?

If you’re worried about what type of burden you may be leaving behind, remember this: You have the power to protect your heirs.

Here’s how.

When it comes to our inevitable death, chances are, we’re all going to have at least a little bit of debt.

09/09/2021

Your estate plan is an important piece of your financial plan.

Not just for your sake but for your family and loved ones too. Which is why you shouldn't wait until the last minute to create one.

Before embarking on creating your estate plan follow these 6 tips to avoid any mistakes.

Spoiler alert: Tip #5 may surprise you!

One of the major problems that occurs with planning for one’s passing and financial distribution is that people frequently leave the matter to the very last minute and then make rushed decisions with bad information.

09/03/2021

Establishing a sound, reliable estate plan involves many moving parts -

☑️ Taxes
☑️ Healthcare
☑️ Life insurance
☑️ Family structure
☑️ And more

Before putting anything in writing, you’ll want to work through these important considerations first.

You understand the importance of estate planning, but sometimes it’s a question of where to start.

07/16/2021

If you want children but know now is not the right time for you, freezing your eggs may be a good option.

We’ll say what you are thinking: “But it’s expensive!”

Thankfully, there are options to help with the cost.

Are you considering freezing your eggs? If so, you know that it can be a difficult decision to make. Aside from the emotions involved, the price of th

07/11/2021

While talking about money isn’t always the most comfortable topic, if you are preparing to remarry and merge your family with another, you need to handle the financial questions now to decrease stress later.

Worried still? Don’t worry, these 3 tips will steer your conversation in the right direction.

The Beatles may have claimed that "all you need is love", but it is never so simple. This is especially true for those who are planning to remarry aft