Small Business Finance with Hourly/Advice-Only Financial Experts
Small Business Finance with Hourly and Advice-Only Financial Experts Facebook Twitter LinkedIn Effective financial management is essential for small business success, yet navigating this terrain presents unique challenges, from managing fluctuating revenues to budgeting for growth. The choice of a financial advisor is pivotal, and the clarity and impartiality of an hourly financial planner or […]
Inflation and Its Effects on Fee-Only Financial Plans
Inflation and Its Effects on Fee-Only Financial Plans Facebook Twitter LinkedIn Strategies for Long-Term Security In today’s ever-evolving economic landscape, inflation poses a significant challenge to the stability of financial plans. Specifically, for Fee-Only Financial Planners, adapting strategies to mitigate the impact of inflation is crucial for ensuring long-term financial security for their clients. Let’s […]
Cryptocurrency Investing with Fee-Only Advisors
Cryptocurrency Investing with Fee-Only Advisors Facebook Twitter LinkedIn The Rise of Cryptocurrency Investment Cryptocurrency has revolutionized the financial landscape, offering a new way to invest and manage assets. With the digital currency market expanding rapidly, many investors are seeking guidance to navigate this novel terrain. This is where fee-only advisors play a pivotal role. They […]
Developing Your Financial Plan
Developing Your Financial Plan Facebook Twitter LinkedIn Having a solid financial plan for your family is more critical today than ever before. Pensions are disappearing rapidly (only 25% of civilian workers and 15% of private industry workers had access to a pension in 2022 according to the Bureau of Labor Statistics). As a result, you […]
Ignore the Financial Noise
Facebook Twitter LinkedIn How in the world do I stay focused on long-term investing goals with all the noise around me? And how do I avoid chasing the hot ideas of the day when all my friends and colleagues are telling me how much money they are making in the stock market. Well, here’s a […]
SECURE Act 2.0 Key Features
SECURE Act 2.0 Key Features Facebook Twitter LinkedIn On December 23rd, 2022, Congress passed the Consolidated Appropriations Act of 2023, which included the SECURE Act 2.0 bill. SECURE Act 2.0 contains many provisions that could impact your financial plan, so I wanted to give a brief description of the most impactful of those provisions (at […]
Lifestyle Creep can Ruin Your Retirement!
Lifestyle Creep can Ruin Your Retirement! Facebook Twitter LinkedIn When you get a raise or a bonus, does your spending on lifestyle consume all the increase, or do you maintain (or better yet, increase) your savings rate? If you’re spending all your raises and bonuses on current consumption, your savings rate (in other words, the […]
Saving for Retirement is Your Own Responsibility
Saving For Retirement is Your Own Responsibility Facebook Twitter LinkedIn Gone are the days of private sector companies providing pensions for their employees. And even if pensions were still the primary means of retirement planning, most people will never stay with a company long enough to reap the full benefits even if it were offered. […]
Backdoor Roth IRA: What is it and Why Should I Care?
Backdoor Roth IRA: What is it and Why Should I Care? Facebook Twitter LinkedIn In previous blogs, I’ve written about the importance of tax diversification in retirement, especially if you plan to retire prior to age 60. Diversifying your assets across the three tax buckets during your accumulation years can help smooth out taxable income […]
Advantages of a Health Savings Account (HSA)
Advantages of a Health Savings Account (HSA) Facebook Twitter LinkedIn If you have a high-deductible health plan (HDHP) through your employer and have access to a health savings account (HSA), you don’t want to overlook this opportunity to save into one of the most tax-advantaged accounts available to you. Here are the basics of an […]