“How do I protect my children from others (and themselves) when they receive their inheritance?” That’s one of the most frequently asked questions Financial Advisors, Attorneys and Certified Public Accounts encounter. And no wonder: over $59 trillion in wealth is set to be transferred to heirs and charity in the coming decades up to 2061. […]
The Merriam-Webster Dictionary defines “downsize” as “to make smaller” or “reduce in size.” That’s easy if you’re halving a recipe for lasagna or, say, finally getting rid of that old VHS video collection. But how do you downsize your entire home… your life? The prevailing logic for retirees is that downsizing is the first step […]
Looking Downstream by Tim Scannell After a long afternoon of walking the Yampa River and looking for a mythical rainbow trout, I was finally able to locate, hook and guide a beautiful rainbow trout to my net. The challenge was exhilarating as I stumbled down river like Brad Pitt in A River Runs Through It […]
As we watch the replays of the final week of the NCAA Men’s Basketball Tournament, I’m once again asking myself how I could have gotten my picks so wrong! I watched games, looked at statistics and thought I was making objective and intelligent selections, but in hindsight my biases got the best of me! Why […]
Every family’s long-term and short-term plans are unique. Even more so, each family member’s needs and dreams take their own individual shape. For families planning long-term for their loved ones living with disabilities, advisors are here to provide options that work for you. One such option comes in the form of the Stephen Beck Jr., Achieving […]
When our children were young, our dentist applied sealant to our children’s teeth to prevent cavities. However, at a recent visit to the dentist some twenty years later, my daughter Beth’s dentist explained that the sealant had slowly faded over time, allowing cavities to cultivate underneath the sealant. As a result, minor remedial treatment […]
Preparing for a family, raising children, and having grandchildren involve major, complex decisions, many that most people would rather not confront. Denial or avoidance lead to uneasiness and complications. More importantly, ignoring critical planning could harm your family’s future. Living Will A living will states your wishes regarding health care directives and end-of-life wishes. A […]
Starting a family brings a flurry of responsibilities. As a soon-to-be-new parent or grandparent, making preparations for your estate and advising your children to do so is crucial in protecting yourself and your family. Estate planning for new families is less about division of assets and more about ensuring that the people you love will […]
Once a year, I make the mistake of playing a video game with my son, Kevin. “This should be fun!” I think right before being knocked out, dunked on, or hit with a rocket launcher. Years ago, we were playing Mortal Kombat, a game where characters with names like Raiden and Nightwolf fight to the […]
My phone buzzes on the nightstand. I hate that thing sometimes. I look over and am surprised to see that it’s my son, Brendan, 25, texting me way past my bedtime from his Western Timezone. I grab the phone and slide open the message. “Kobe retiring,” it says. I yawn. Definitely not a necessary text […]
Scannell Wealth Management is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.
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about the authors
Managing Director and Partner with Scannell Wealth Management at HighTower, shares his thoughts on entrepreneurship and small business ownership with you each week! Located in Valparaiso, IN, Tim serves on several local and regional boards in support of entrepreneurs and business owners.
is a Certified Financial Planner (CFP®) Certificant at Scannell Wealth Management. He is also a member of the U.S. Marine Corps Reserves with a passion for fiduciary wealth management. Through The Market Recruit, Wes shares his advice and thoughts on the investing and financial planning for newlyweds, millennials and entrepreneurs.
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