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 […]
Common Financial Mistakes
Common Financial Mistakes Facebook Twitter LinkedIn As a flat fee financial planner, I tend to work with younger clients who haven’t yet built up enough investable assets to land on the radar of the “1% of assets” advisory firms. I have a passion for teaching younger tech professionals and business owners good financial habits. Here […]
The Effect of Inflation on Retirement Planning
The Effect of Inflation on Retirement Planning Facebook Twitter LinkedIn How much money do I need to retire? Or stated another way: How much money do I need to achieve the freedom to BE ABLE to retire…in other words, to make work optional? Is that a question you think about? Does it keep you up […]
Financial Habits for Building Wealth
Financial Habits For Building Wealth Facebook Twitter LinkedIn Financial Freedom: the option to work or coast, to pursue a passion, to control your own time and resources. If you had the financial resources to do anything you wanted, would it be what you’re currently doing? Financial Prisoner: tied to your paycheck, often due to a […]
Is FIRE Really Feasible?
Is FIRE Really Feasible? Facebook Twitter LinkedIn I’m a Certified Financial Planner™ practitioner, and I also “retired” from my first career at age 52 after 26 years in Technology. I had planned for “Financial Independence, Retire Early” or FIRE (before it was called “FIRE”) since my mid-twenties; however, I did not realize until my mid-forties […]
Is It a Good Idea to Pay Off Your Mortgage?
Is It a Good Idea to Pay Off Your Mortgage? Facebook Twitter LinkedIn Like most personal finance decisions, it depends. I’m a financial advisor, and one of the most common conflicts of interest for advisors arises around this idea of paying down your mortgage early. One prominent financial advisor has said for years that you […]
Are You Saving Enough for Retirement?
Are You Saving Enough for Retirement? Facebook Twitter LinkedIn Have you ever sat down and tried to figure out how much money you’ll need for a retirement that could last thirty years or more? I’m guessing if you’re reading this article, you have likely given it some serious thought. And if you’re anything like me, […]
Consider Tax Diversification when Saving for Your Future
Consider Tax Diversification when Saving for Your Future Facebook Twitter LinkedIn Ever think about the best account types to save for financial independence, retirement, and long-term goals? I’m talking about tax-deferred, tax-free, and taxable accounts, specifically. Tax-deferred accounts are your typical savings vehicles for pre-tax dollars, like your company 401k pre-tax option where you get […]