Archives for Financial Planning

10 Reasons You Need a Financial Plan

10 Reasons You Need a Financial Plan

October 22, 2020

October is Financial Planning Month which serves as a useful, annual checkpoint to make sure you are on track to meet your financial goals. A written, up-to-date financial plan encompasses not only investments, but risk management solutions, tax reduction strategies and estate planning. To have one comprehensive document to address your finances. Financial planning provides one summary location for everything related to your family’s financial life. From your budget, to your savings, to your investments, to your retirement, a financial plan helps you consider your finances in a holistic manner, and gives you one central place to see everything at
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7 Money Moves to Consider This July

7 Money Moves to Consider This July

July 21, 2020

The coronavirus has given us all a lot of stress, as well as a lot of free time to think. If you’re postponing your summer vacation plans, now may be the perfect time to implement some financial planning “to-do’s” that could enhance your personal wealth and financial well-being. Here are seven things to consider: Is there too much risk in your portfolio? If you’re younger, you may have been told to just wait out the volatile stock market, and indeed that may be best for you. But some people—no matter what their age—are more risk-averse than others, and that’s where
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Financial Planning Considerations for 7 Major Life Events

Financial Planning Considerations for 7 Major Life Events

April 29, 2019

Retirement    It’s a fact that 10,000 Americans per day1 will continue turning 65 up until the year 2030. For the people who have money saved in, say, a 401(k), which is the most common retirement vehicle, you are facing stock market volatility which can have a devastating effect on your portfolio, along with rising interest rates which could devalue bonds, not to mention rates still hovering at around 2% on CDs, savings accounts and money markets. Then there are RMDs (Required Minimum Distributions) that kick in at age 70-1/2, triggering taxation for many when they least expect it. There
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Family Life Events: When to Call Alpha Beta Gamma

Family Life Events: When to Call Alpha Beta Gamma

August 23, 2018

Here are some life milestones and events that mark when you should call us to get financial advice and help. A marriage. Whether it’s you, or your children or grandchildren getting married, when two people join together in holy matrimony they’re also going to need to bring their finances together, for better or worse. And if there are children from a previous marriage involved, it’s doubly important to meet with a financial advisor to get the relationship off on strong financial footing. A comprehensive financial plan—which includes mutual goals, time horizon to retirement, and desires for wealth transfer to family
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