Divorce Advice for Men | Fathers Rights Divorce | Child Custody

Wills and trusts are two different types of estate planning devices that allow you to look into the future and determine how you can protect your children and your assets if something were to happen to you.

Financial adviser Dan Danford, CFP®, CRSP®, MBA, said many people use the terms wills and trusts interchangeably even though there are major differences between the two.

Danford explains the disparity and in what situations people are more likely to need a will or a trust. He also suggests that any asset protection estate planning document should be handled by an attorney. For a small fee you can ensure a lifetime of peace of mind, according to Danford.

Financial adviser Dan Danford, CFP®, CRSP®, MBA, spent 15 years advising employers how to invest their 401(k) and retirement plans.

So Danford is uniquely qualified to answer this question from a Money Made Easy viewer about what to do when dissatisfied with your 401(k) funds:

I want to shift my money to different funds within the plan. When making this decision, which do you think I should focus on more: the funds' expenses or the returns the funds have earned?

Danford explains why you should focus on expenses first, but there is an important caveat when it comes to ensuring you are comparing apples to apples with different 401(k) funds.

This Money Made Easy episode addresses a viewer's question about the impact a short-term loan could have on his credit score.

Financial adviser Dan Danford, CFP®, CRSP®, MBA, explains they ways in which these quick-fix loans affect credit scores and why the more reputable your lender is, the more likely they are to report your loan.

Forget rules of thumb when it comes to determining your aggressiveness in investing, according to financial adviser Dan Danford, CFP®, CRSP®, MBA.

A reader submitted a Money Made Easy question to Danford asking if the rule of thumb of limiting your stock percentage to 110 less your age makes sense if you don't want to risk giving up potential gains.

In the video below, Danford offers his reasons for ignoring that oft-used financial expression and why answers to retirement questions and portfolio diversity depend on what your retirement time horizon is.

Divorced dads raising kids need to instill responsible financial behaviors in their children at a young age, according to financial adviser Dan Danford, CFP®, CRSP®, MBA.

As the father of three financially-independent daughters, Danford shares his real-life experiences along with some helpful financial advice as you attempt to teach your children fiscal responsibility.

Here's the question submitted by a DadsDivorce.com reader: "Growing up I had to learn the hard way how to handle finances. Having experienced those hardships, I want to help my children avoid as many of the painful lessons as possible. How would you suggest attempting to teach your children financial responsibility?"