If I were to ask you, “Which strategy is best for your financial plan?” Would you know the answer? Would you think that there is just one right answer that made sense for everybody? Oftentimes when I read financial articles on the internet, I will see the…
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Financial Planning
Should I Contribute to My Roth 401k
I’m going to walk through a quick process that I use to help our clients understand whether or not they should contribute to a Roth 401k. Step 1: Do you expect your future effective tax rates to be the same or higher than the current rates? If the answer is…
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Little Known Facts About Planning for your Future
There is a belief that we should know exactly how to plan out our finances for the future. We should know exactly what it’s going to take to be able to pay for the lifestyle that we want in retirement. A retirement that now likely lasts into our…
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What Everybody Ought to Know About Whether they can Contribute to a Roth IRA
A question that often comes up is, can I contribute to a Roth IRA? I am going to walk you through the steps of whether or not you qualify. First of all, do you have an earned income? If you don’t have an earned income you cannot make a Roth IRA contribution. If you do have earned income,…
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The Secret of a Successful Financial Planning Strategy
Begin with the end in mind -Stephen Covey One of the most important things that you can do to help you realize your financial goals is to develop a strategy to help reach those goals and then stick to that specific strategy. It is much easier to change the…
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Will This Change College Savings Forever?
“Change is the only constant in life” -Heraclitus “Just because it is being done this way now does not mean it always be done this way.” When you look out ahead, towards your financial future, there are a few huge expenses you must plan for. For a large portion of people,…
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Is it Still a Good Time to Invest in the Market?
“An investment in knowledge pays the best interest.” – Benjamin Franklin “The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher “The individual investor should act consistently as an investor and not as a…
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The Real Value of Planning isn’t the Plan
“In preparing for battle I have always found that plans are useless but planning is indispensable” -Dwight D Eisenhower “A good plan today is better than a perfect plan tomorrow” -George S Patton “Have a bias toward action- let’s see something happen now, You can break…
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Roth IRA or Traditional, Which One is Right for You?
“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” —Edmund Burke “Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” —James W. Frick…
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Planning In The Age Of Pandemic
“There are only 3 edges in the market. You can be smarter than everyone else. You can be luckier than everyone else. You can be more patient than everyone else. What’s your edge right here, right now?” -Morgan Housel I don’t usually repeat quotes, but…
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