4 Investment Mistakes Women Want to Avoid On Their Wealth-Building Journey

2022-08-09T20:43:12+00:00July 29, 2022|Blog, Investments|

Facts are facts, and the facts say that women are awesome investors.  Recent data from Fidelity discovered that when women invest, they tend to outperform their male counterparts by 40 basis points (0.4%). Couple that with data from McKinsey, which estimates that women will control a significant portion of the $30 trillion wealth transfer from the baby boomer generation, and the future of money is looking female. But for all of these “wins,” there will [...]

Kids and Credit: When They Need A Card And How To Build Good Credit Early

2022-04-26T21:28:04+00:00May 1, 2022|Blog, Family Financial Information, Financial Planning Psychology, General Financial Planning|

As a financially responsible adult, you likely understand how important good credit is to a successful financial future. Learning sound credit card habits is an excellent way for your child to learn about financial responsibility, independence, and growth. So when should your children start building their credit? Early on, kids must learn that these plastic cards aren’t synonyms with an endless supply of money.  Let’s explore some ideas on how to teach your children about [...]

Should You Open A Roth IRA for Your Kids?

2022-02-01T22:11:58+00:00February 1, 2022|Blog, Family Financial Information, Investments|

While most commonly used as a tax-efficient way to save for retirement, Roth IRAs have some unique traits that make them appealing to investors with many financial goals. In particular, opening Roth IRAs for your minor children may help them get a jumpstart on their financial future. Wait, you can open a Roth IRA for your kids? That’s right!  Investing in a Roth IRA for your kids may open up some critical future opportunities—far more [...]

The True Impact Your Emotions Have On Money (And It May Surprise You)

2022-01-10T22:16:44+00:00January 10, 2022|Blog, Financial Planning Psychology, General Financial Planning|

Think back to the last time you purchased something—the holidays are just barely in the rearview mirror, so maybe pick something from this past season.  Now ask yourself: why did you buy it? It’s likely your answer has something to do with making the recipient happy or bringing joy to someone else.  If so, you bought that item to fulfill or inspire an emotion—and unsurprisingly, that’s the underlying motivation for most people’s buying decisions in [...]

5 Financial Goals To Start The New Year Off Right

2022-01-10T22:22:10+00:00January 1, 2022|Blog, General Financial Planning, Lifestyle|

The new year glistens with hope, promise, and excitement. It opens the door for new beginnings and a chance to grow. It's also an excellent time to take a look at your financial plan. What are you excited to accomplish this year? How can you maximize the resources that put you on a path to live your ideal life? Here are five financial goals to help get you started. Goal 1: Commit To (Extra) Retirement [...]

5 Creative Ways to Avoid the Gift Tax (Including Paying for College)

2021-12-03T19:26:10+00:00December 15, 2021|Blog, Charitable Giving, College Planning, Taxes|

We’ve officially entered perhaps the highest spending month of the year! In fact, Christmas celebrations are expected to cost 17% more this year when compared to 2019 (you can thank COVID-19 and inflation for that lump of coal).  Despite being “the happiest time of the year,” gifters should beware of another type of Grinch, the gift tax. Giving to others doesn’t have to result in paying extra for your generosity, but how do you give [...]

Top Tips to Walk Into 2022 With Confidence and Purpose

2022-01-07T13:58:55+00:00December 1, 2021|Blog, Family Financial Information, General Financial Planning, Lifestyle|

With 2022 just around the corner, thoughts of New Year’s resolutions begin to swirl across the country. Among the expected career and health goals, many individuals will resolve to improve their money management skills in the upcoming year. As the importance of financial education steadily grows, there’s no better time to start making deliberate and informed decisions about your finances than right now. But what decisions should you take into account? How will the current [...]

5 Clear Cut Signs You Need to Consider A Roth Conversion

2021-11-10T03:35:44+00:00October 1, 2021|Blog, Investments, Retirement|

To do a Roth conversion or not to do a Roth conversion, that is the question.  A Roth conversion presents a strategic avenue for high-earners to take advantage of a Roth IRA while not contributing directly.  While Roth conversions grant increased access to this coveted account, there are several factors to consider before initiating a conversion. Let’s take a look at five telltale signs a conversion may or may not be a good move for [...]

The Powerful Estate Planning Checklist No New Parent Should Be Without

2021-09-01T16:41:50+00:00August 15, 2021|Blog, Estate Planning, Family Financial Information|

As you're knee-deep in nursery colors, registries, and picking out the perfect name for your new baby, your estate plan is likely at the bottom of your to-do list.  Growing families have a unique set of needs and considerations when it comes to their wealth. As strange as it may seem, having a plan for when you’re gone should be near the top of the list.  How will your money be distributed if you were [...]

College Costs How Much? Why School Is So Expensive and Tips To Save Better

2021-07-31T01:08:55+00:00July 15, 2021|529 Savings Plan, Blog, College Planning, Family Financial Information|

As many of you probably already know, the average cost of college in the United States has skyrocketed over the last couple of decades. In a 20-year time frame (according to educationdata.org), the average price per year has tripled and is now roughly $35,720. That is $142,880 for a 4-year degree!   Why have college costs ballooned so much? What can parents and students do to prepare for this financial burden? College Tuition Is On The [...]

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