Today, I’m diving into a topic that hits close to home for many of us: balancing savings for college and retirement. When you’re deep in the childcare years, it’s hard to imagine ever having enough cash flow to fund college OR retirement! But as cash flow eases once those kids enter elementary school, knowing where…
DetailsBelieve it or not, a lot of times when we’re talking to prospects, they are less interested in holistic financial planning and more interested in understanding what the hot new investment is. We remind them we don’t have a crystal ball, and that we want to make people financially successful enough they don’t NEED an…
DetailsFinancial planning can become overwhelming when you’re aiming to maximize your retirement savings while juggling various accounts and tax implications. One of our clients found herself in just such a situation. She wanted to maximize her 401(k) contributions and contribute to a Traditional IRA. However, her 401(k) coverage meant she would receive no tax deduction…
DetailsYou know what’s interesting? Many clients like to compare their spending to the so-called “average.” It’s natural to be curious, but it’s essential to remember that your financial planner is less concerned with how you spend your money and more focused on helping you achieve your personal financial goals. You’re Not a Statistic Statistics, while…
DetailsPeople who use the principles of the Law of Attraction have an advantage when becoming debt free, because they begin with the idea of managing their thoughts, emotions and energy. A huge part of becoming debt free is mindset, and when used correctly, the Law of Attraction can support a debt-free life. The Difference Between…
DetailsWe don’t prepare taxes for our clients, but we tend to be the people who help them avoid tax “surprises.” No one wants unpleasant news, so it’s helpful to deconstruct a client’s taxes so we can understand strategic decisions. But there might not be as many ways to save on taxes as people hope… I…
DetailsA friend of mine recently retired from her family law practice after 40 years. I asked her what her most consistently frustrating estate planning experience was, and she quickly answered: “When bank tellers recommend to seniors that they should add children to their bank accounts.” She believes the tellers are well-intentioned. It is most likely…
DetailsI do not prepare tax returns, but as a financial planner, I understand taxes and can help my clients with their tax strategy. And it’s that time of year when many of you are about to freak out about your tax return. Now is when all of those TV ads pop up, warning you that…
DetailsWhen it comes to contributing to retirement, you might have various options available to you. One of those options could be a Roth IRA. These accounts have unique benefits that separate them from a more “traditional” retirement plan. One of the biggest differences is that Roth IRAs are funded with after-tax dollars. What does that…
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