![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2020/01/TGB-Estate-Planning-3-150x150.jpg)
Money and death are the two most difficult topics for families to discuss, but avoiding these conversations can have devastating consequences. While it might be emotional to bring up money with your children, it’s important to make sure your family understands your financial strategies including your wishes for establishing a trust. A properly structured estate plan […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2019/10/Custodial-Accts-150x150.jpg)
Families have choices when it comes to securing their savings for future generations. Trusts, for instance, are useful for the ongoing management and distribution of your assets, while Wills designate who will receive your assets after you’re gone. Choosing how to structure each is all part of the Estate Planning process, and one of the […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2017/10/small-business-owners_blog-150x150.png)
Most small business owners tend to invest extra wealth back into the business. Saving for retirement is a secondary thought after growing a business. However, waiting too long to invest in your golden years could be detrimental. According to a July 2016 BMO Wealth Management survey of 400 small business owners, only a fraction of […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2018/04/estate-planning_blog-150x150.jpg)
Do you ever get that running loop in your head about end of life planning? You know you need to get started, but with an overwhelming list of “essentials” and a plethora of “must do” suggestions on the internet, it’s hard to know where to start. A lot of the tasks have legalese-sounding names and […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2018/03/May-Variable-Expenses_article-header_1-150x150.png)
When planning for your retirement, it is smart to estimate your future monthly expenses. However, nailing this down may be easier said than done. You should take into account expenses that will change over time – both those that will increase and also those that will decrease. Doing so will ensure more accurate calculations on […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2020/05/TGB-Estate-Planning-1-150x150.jpg)
Planning your own final arrangements can save your family a lot of stress during a time of unimaginable grief. You also give yourself the peace of mind that you have taken the burden off your loved ones. As uncomfortable as it might be, it is critical to discuss your wishes with your family so they […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2019/10/Debt-Small-150x150.jpg)
Families have choices when it comes to securing their savings for future generations. An option to consider is a Custodial Account. While most people are familiar with the idea of a Trust Fund, Custodial Accounts are similar to Trusts but controlled by an adult on behalf of a minor. The custodian (the organization that holds […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2016/05/ThinkstockPhotos-134214747-150x150.jpg)
The wealth management industry is highly regulated with several agencies watching over it. However, as with any financial decision it is smart to be educated when selecting someone to assist you in managing your money. Here are a few questions to ask when selecting a wealth manager to help handle the future of your personal […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2016/05/ThinkstockPhotos-517376396-150x150.jpg)
Make your annual investment early in the year and let compounding work for you. To make the most of your IRA, you should invest the maximum amount allowable as early in the year as you can. An investment every January 1st, rather than waiting until December 31st, can substantially better your results. Source: *Bankrate *BankRate.com® is a […]
![[thumbnail for post]](https://www.texasgulfbank.com/wp-content/uploads/2015/10/Texas-Gulf-Bank-Early-Investing-150x150.jpg)
Early Investments Pay Off You’re 24, out of school, just starting out or just starting to advance in your career, and steadily paying back your student loans. Maybe you’re thinking about getting married, buying a house and starting a family. Perhaps you’d like to use your annual vacation time and travel; broaden your horizons. You’re […]