Resources

The Importance of Setting up a Living Trust

Setting up your living trust is easier than you might think – a great thing considering how important it is to have one. No matter the value of your trust, it is critical that you have a plan for your assets after your death. Not only will it ensure that your wishes are followed, but…

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Out of Something Terrible, Can Come Something Good

Life insurance needs to play a key role in your financial plan. I know from experience… A few years ago, I had a client, and friend, who was diagnosed with a rare disease called Amyloidosis. Despite being completely healthy and active just six months earlier, he passed away. He was only 58 years old. Eight…

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Trost Financial Consulting Appoints New Vice President

Fast-Growing Financial Consulting Firm, Trost Financial, Expands Team with Vice President Jim Watson   Los Angeles, California – September 10, 2019 – Trost Financial Consulting is pleased to announce it has expanded its team to include a new Vice President role, filled by industry professional, Jim Watson. As Vice President, Jim will be focusing on…

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It’s National 401(k) Day…So What?

September 6th marks a very important holiday: National 401(k) Day. While it may not be a highlight of your year (or your week…let’s be honest), this day can serve as an important reminder to check up on what you’re doing to save for retirement, and how you can improve upon your current plan. Simply put,…

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Back-To-School Money Saving Tips

By: Jim Watson, Vice President, Trost Financial Consulting   Very soon, my kids will embark on another year of school. This year, we’re entering Grades 4 and 7. As we advance through the grades, the list of school supplies doesn’t get any shorter. I found myself having to get creative in order to save money…

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7 Cost Effective Travel Destinations

Summer is undoubtedly a wonderful time to travel. The children are off of school, the weather is warmer and most travel sites are super active this time of year, resulting in more opportunity to explore. Looking for an exotic travel destination on a budget? We did the research for you and put together a list…

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Four Tips to Plan for Long-Term Care

Discussing long-term care can be both emotionally and financially challenging. It is likely we have each had a family member (or multiple family members) that needed care in one way or another, as they grew older. How to plan for that care can be challenging, especially when you consider the cost for an average 2.8-year…

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How To Teach Your Kids About Money

As parents, we are tasked with teaching our children valuable life lessons. Amongst them is money management. Talking about money is not always the easiest conversation to have, but this topic is one of the most important. Money continues to be a leading cause of stress amongst Americans, so we wanted to share a few…

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The Ins and Outs of Retirement Plans

Generally speaking, a retirement plan such as a 401(k) is a good place to invest money. You may do so on a tax-deferred basis or tax-free basis, which can have a beneficial impact on your retirement. The government allows contributions at lower levels until age 50, and allows for a catch-up provision after age 50.…

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The Benefits of Charitable Giving (some may surprise you!)

A great way to assist with causes that are important to you is through charitable giving. From a financial perspective, it can also have a positive impact on your taxes, making it an important part of financial and estate planning. While charitable donations often peak during the holiday season, there is no reason you have…

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