Building Wealth, Family and Finances
Let me paint a picture. You’ve managed to amass some money in a 401k, there might be a spattering of savings in a few different checking or savings accounts, a random mutual fund exists out there “somewhere” and you know you’ve left a few old 401ks behind at previous...
Building Wealth, Financial Planning
At the beginning of the year, many of us set New Year’s resolutions and goals. When it comes to creating these resolutions, some people vow to be more organized with their finances, but only a few are willing to do the work it takes to achieve this goal. According to...
Building Wealth, Health Care
For most folks, it’s easy to participate in your employer’s retirement plan, such as a 401k or 403b. Savvy savers also look at whether they can afford to invest in Roth IRAs or even back-door Roth IRAs. Health Savings Accounts (HSAs) get a lot less attention, but they...
Building Wealth, College Planning
One huge change in the recent Tax Cuts and Jobs Act applies to 529 college savings accounts. Up until now, 529s have been chiefly used as savings vehicles for college expenses. Now there is another way you can use a 529: to pay K–12 tuition. What does this mean for...
Building Wealth, College Planning
Without a doubt, one of the biggest challenges our younger clients face is the prospect of funding college education for their children. We hear from many parents who feel as though this is an unattainable goal. That’s understandable. The average annual cost of...
Building Wealth, Financial Planning
I am usually not a big fan of “rules of thumb” especially when it comes to financial planning. Mainly because financial planning is so tied to each person’s unique set of circumstances. What works for some may not work for others. As a result, this often leaves people...