If you’re planning to have children soon or you’re already expecting, congratulations! After the celebration, it can be easy to become overwhelmed with questions. Children bring drastic changes to your life—including your finances. According to the USDA, the average cost of having a child in 2021 is $14,846/year. With numbers like that, you need to […]
There are few things more stressful in life than your personal finances. Saving for retirement, college costs, debt payments, and of course, taxes are just a few of the areas that can cause stress. A business has a Chief Financial Officer to manage the balance sheet and help the owner make decisions. So, why not […]
It’s best practice to have a combination of retirement plans for tax planning purposes. For example, qualified plans reduce your taxation now, but you will pay ordinary income tax on all withdrawals when you need to take money out of the account. On the other hand, a Roth IRA allows your money to grow tax-free […]
As parents, we spend our lives nurturing and teaching our children skills to help them mature into adulthood. Perhaps one of the most important skills that we can teach is often overlooked – money.  Teaching children good financial habits can dramatically impact their lives. Their financial education should start early—but it’s never too late to […]
Have you ever been on your last day of vacation and thought, “Gosh, we should do this more often.”? Don’t get me wrong—I could go somewhere every quarter and still have that feeling. Have you had an argument with your significant other over a big purchase? Most of us have been there. We all struggle […]
“Sell Everything! I want to go to cash before I lose it all!” Hearing phrases like these from investors is commonplace for financial planners when paranoia in the markets runs rampant. However, through channeling their inner behavioral economic therapist, financial advisors ease their clients’ fears and remind them of the financial plan and investment strategies […]
In this digital world where credit monitoring websites, credit card companies, and banks all offer free credit scores, you can receive your credit score with just a few clicks. Have you ever noticed your credit score may differ by source? The score you see on a credit monitoring website such as Credit Karma may differ […]
If you are like most people, you probably think 2021 cannot come soon enough. 2020 was a year of chaos and uncertainty, and the idea of what is normal has changed completely.  Navigating such a tumultuous time has required a lot of pivoting. Every part of life has been impacted by the experiences of 2020 […]