Planning for your child's education often involves careful financial strategizing, including opening a 529 plan. These tax-advantaged accounts are designed to help families save for college expenses. But what happens if you've diligently saved and find yourself with a surplus in the account?
Building a personal budget is a crucial step towards achieving financial stability and reaching your financial goals. The process might seem daunting at first but breaking it down into manageable steps can make it much more approachable. Here’s a comprehensive guide on how to begin building your personal budget.
Retirement planning can be a daunting task, especially when it comes to determining how much you can safely withdraw from your nest egg each year without risking running out of funds. With increasing life expectancy and the uncertainty of future market returns, finding the optimal withdrawal rate becomes crucial for maintaining financial security throughout your retirement years.
Retirement planning is often viewed through the lens of financial acumen and strategic investment decisions. However, what if I told you that retirement planning shares more in common with basketball than meets the eye?
Embarking on the journey of budgeting is a transformative step toward financial empowerment. Whether you're looking to gain control over personal expenses or enhance the financial health of your business, understanding the basics of budgeting is the key.
While it might not be the most comfortable topic to discuss, preplanning funeral expenses is a responsible and considerate step to take. By addressing this matter proactively, you can relieve your loved ones of financial and emotional stress during an already challenging time.
Financial literacy refers to the knowledge, skills, and understanding of financial concepts, tools, and systems that enable individuals to make informed and effective decisions regarding their personal finances. It involves the ability to understand and apply various financial principles, such as budgeting, saving, investing, borrowing, and managing debt.
Bank fees, late fees, credit card fees, investment fees. There are a lot of fees in life. Some of them are pretty straightforward, and others are harder to decipher. Fees aren't necessarily a bad thing; they're a form of compensation in some cases. But the lack of understanding around fees can cost you unnecessarily. So let's talk about financial advisor fees.
Within your financial plan is your retirement plan, and inside that, your long-term care plan. There are various ways to approach long-term care planning, we'll go over your options.
Have you ever tried to drive to an unfamiliar destination without a map? Well, okay, a GPS these days! What would happen if you did? You’d very likely get lost. You’d drive in circles, backtrack, waste time, gas, and money. The same can happen when you don’t have a financial plan.
There are hundreds of personal finance books, podcasts, and documentaries available, so many that no one could read, listen, or watch them all.
The best 401(k) strategy is the one that fits best with your overall retirement strategy. Choosing the wrong option can throw your carefully created plan out of balance. If you have questions, we are here to help.
Jason discusses the benefits of working with a group of advisors.
There is no way to overstate the importance of early investing. The longer your money is invested, the more time the magic that is compounding interest is able work in your favor.
Your money and your health are two of the most important things in your life and they influence every aspect of your life. Women have the health part down. We think about health more than men and do more about it. We are more likely than men to have health insurance and a regular source of health care.
Things have been scary in recent months. While it might be starting to settle down, there is still a lot of uncertainty. And one thing the market, to say nothing of investors, hates is uncertainty.
