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 […]
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 […]