Helping pave the way towards financial freedom
Taxes are a hot topic these days. Various politicians are using their tax agenda to position themselves for the next Presidential election. We are learning about who pays them (almost half of Americans don’t pay a dime!), how should people be taxed going forward, and debating on what is a “fair system”. Paying tax is…
With 2020 on the horizon, this is the time of year when many companies open their “enrollment period” for their employees to change their benefit elections. Many of my clients are in this period right now, so lately I have been having a lot of these discussions. Of course, each employer varies on what types…
Football season is in full swing, and studies tell us that roughly 4 out of 10 people watch football on a regular basis. But how many of you see the parallels that the game of football has with your investing lives? If you think about it, football tells us a lot about life. Many aspects of…
Over the past couple weeks I have been mildly entertained by several articles that discuss some of the worst financial advice that people have received. Bits of it are off-the-wall, but for the most part some common themes exist. Some of these “financial nuggets” that go around are debatable at best. I won’t go so…
In my years in the business, I’ve seen some bright people make some really silly money decisions. I can probably write a small book if I included all the mistakes I’ve witnessed! I call them silly mistakes. I use the word “silly” because it’s taken more lightly. I can probably swap the words to read…
Finance is a male-dominated industry. According to Cerulli research, only 16% of financial advisors in the US are female. There have been initiatives to change this but currently, this is fact. It’s no wonder then, that women may feel out of place when they walk into a financial planner’s office. Plus the topic of money…
It’s no secret that I feel that our nation lacks financial literacy. Most other professionals in my industry feel the same as well. The lack of basic financial knowledge not only applies to adults, but across the entire age spectrum as well. On one hand – this is good for someone like me, who make…
Discussions I have with people are typically how to structure their life and position their finances such that they can someday retire. After all, no one wants to work until 80, right? With proper planning we devise a path for people to get the pieces in place for the goal of retirement. The so-called average…
Today we are talking DEBT PAYBACK, snowballs, and avalanches. I believe there are good kinds of debt, but also bad kinds. And I recently have been listening to various conversations in my industry and advice for people who are in debt. The average U.S Household has nearly $7k in credit card debt and is paying…
Over the course of the past couple weeks, I’ve come across some interesting topics that I’d like to share and discuss: Time to Give Your 401(k) a Checkup (by Penelope Wong, Consumer Reports) One important change to the retirement account landscape was that the 401k contribution increased for all eligible employees to $19k. While not…