Alaska Inheritance: What to Do When You Receive One
Receiving an inheritance can bring mixed emotions. It may come during a season of grief, family responsibility, paperwork, and uncertainty. If you are dealing with an Alaska Inheritance, there are unique considerations to keep in mind. At the same time, inherited assets can also create an opportunity to strengthen your financial foundation, reduce stress, and […]
You Won!! What to Do with Your Lottery Winnings?
Winning the lottery is exciting, emotional, and potentially life-changing. It can also be overwhelming. Whether the prize is modest or substantial, the decisions you make in the first days and weeks after winning can have a long-term impact on your finances, family, taxes, privacy, and future goals. At True North Wealth Management, we believe sudden […]
Can Group and Private Disability Policies Work Together?
Your ability to earn an income is one of your most valuable financial assets. If an illness or injury prevented you from working for months—or even years—the impact on your household could be significant. Group disability insurance through an employer is one common source of protection. According to the Social Security Administration, about 1 in […]
Buying a Vacation Home: 5 Things to Consider
Buying a vacation home can be a meaningful lifestyle and financial decision. These five questions may help you think it through before you commit. The five questions, in text If you and your family would like to call your favorite travel destination “home,” you may be considering purchasing a vacation property. This can be an […]
Buying Auto Insurance For Teen Drivers
Driving may be a rite of passage for teenagers, but for parents, having a teenage driver can be stressful and expensive. Your child will need auto insurance coverage as soon as they receive their driver’s license. Here are some important considerations. Determine Whether to Add Your Child to Your Policy or Purchase a Separate Policy […]
Buying a Home: How to Prepare Financially Before You Make the Leap
For many families, buying a home is part of the American Dream. It can provide stability, pride of ownership, and a place to build memories with the people you love. But homeownership is also a major financial commitment. When you buy a home, you are not only buying the property. You are also taking responsibility […]
Building a Solid Financial Foundation
You may have heard the phrase “getting your financial house in order.” But what does building a financial foundation actually mean? A strong financial life is built much like a home. It needs a solid foundation, reliable structure, and regular maintenance. Without those basics in place, long-term goals like retirement, investing, tax planning, estate planning, […]
Breaking Down the Parts of Medicare
Generally, the different parts of Medicare help cover specific services. Most beneficiaries choose to receive their Parts A and B benefits through Original Medicare. This is the traditional fee-for-service program offered directly through the federal government. It is sometimes called Traditional Medicare or Fee-for-Service (FFS) Medicare. Under Original Medicare, the government pays directly for the […]
Best-Performing Asset Classes: Why Market Leadership Changes
Investors often want to know which asset class is going to perform best next. The challenge is that market leadership changes. The asset class that leads one year may lag the next, and the investment that feels safest today may not always support long-term goals. According to Yale’s U.S. Stock Market Confidence Indices, the Crash […]
Avoiding Cognitive Decline: Planning for Brain Health and Long-Term Independence
Cognitive health is an important part of aging well, and brain health deserves attention in long-term planning. While some memory changes can be a normal part of getting older, more serious cognitive decline can affect independence, decision-making, family relationships, and long-term financial planning. According to the Alzheimer’s Association, approximately 12% to 18% of people age […]