Parents want what is best for their children, and watching them struggle financially is not easy. However, financially supporting your children for longer than initially anticipated could cause a delay in your retirement and, in some cases, create an unhealthy financial dependence. It is never too early to understand the impact that helping your adult […]
Whether you have accepted a position with a new company or decided to change career paths, a new job can bring about exciting changes in your life. After updating your LinkedIn profile, your new job will require several financial decisions. Should you move your 401K? Let’s look at the top four financial changes you will […]
The past few years have wreaked havoc on countless families’ lives. Not only has the world forever changed, but so have the lives of many. While health concerns have clearly been at the forefront of this change, it is no secret that financial impacts have widely contributed.  According to the 2021 Modern Wealth Survey, only […]
Conversations for Millennials quickly shifted from discussing Legally Blonde and Backstreet Boys to how to build wealth faster than Ricky Bobby (Okay, that may have been too many 2000s references in one sentence). All jokes aside, wealth accumulation at an early age can impact financial positions as we mature. Increasing wealth begins with work, and […]
Put simply, people work most of their lives to meet current expenses, obtain certain goals, and hopefully enjoy retirement. For some, retirement means kicking back more in their later years and spending time with loved ones. It may also look like helping children and grandchildren with educational endeavors or making sure loved ones are taken […]
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 […]