How You Can Leave Your Legacy Through Planned Philanthropy

2022-12-01T21:16:59+00:00December 15, 2022|Blog, Charitable Giving|

Philanthropy is so much more than a charitable donation. By being philanthropic, you join an altruistic effort to better the world around you.  If giving aligns with your personal values, have you considered how you can incorporate the same goal into your financial plan?  We’ve compiled information to help you understand the value of planned philanthropy and how it can help you increase the impact of your giving and create a stronger legacy. What is [...]

What’s A Family Mission Statement and How To Write One

2022-12-01T21:07:30+00:00December 1, 2022|Blog, Family Financial Information|

A shocking 70%-80% of Americans consider their families dysfunctional.  Why does such a large majority of the population struggle to get along with those closest to them? Disagreement sources can vary from miscommunication to financial loss or even the death of a loved one.  No matter the cause of separation, it’s always possible to break down barriers, set up communication processes, and take steps to thrive together as a family.  Where’s the best place to [...]

7 Tips to Help You Spend Intentionally This Holiday Season

2022-11-02T01:24:57+00:00November 8, 2022|Blog, Holiday|

Does your checkbook have a case of the holiday blues? High inflation rates and stagnant wages can make for an anxiety-inducing holiday season.  But don’t let these figures scare you—a joyful holiday season doesn’t revolve around your bank account.  From sipping hot cocoa by the fire to playing card games after dinner, life brings thousands of opportunities for connection. And most of them don’t require lavish gifts or expensive trinkets.  Ready to add joy back [...]

What You Need To Know Before Loaning Money To Family and Friends

2022-11-02T01:25:12+00:00November 1, 2022|Blog, Family Financial Information|

Close relationships can affect your financial decisions, and sometimes, not for the better. A Bankrate survey found that nearly half of people who helped a loved one financially experienced a “bad” outcome—lost money, a damaged credit score, or harmed relationship.  But does mixing family and money have to be so incompatible? Not if you plan accordingly! Perhaps the best way to protect your financial situation and relationships is with ample thought, consideration, and preparation concerning [...]

6 Ways To Use Market Psychology For Good Not Evil

2022-10-03T17:54:31+00:00August 15, 2022|Blog, Financial Planning Psychology, Investments|

Our financial market is in a volatile state. Stocks are down, inflation is sky high, interest rates are increasing, and faith in the market is dwindling. When financial instability becomes mainstream, many people’s thoughts and attitudes toward their money follow suit. This phenomenon is known as market psychology, and market psychology represents the overall sentiment investors carry toward the stock market at any given time.  And right now, it’s not all that pretty. Market psychology [...]

How To Financially Support Your Children And Teach Them The Value of Money

2022-06-29T01:31:09+00:00July 15, 2022|Family Financial Information, Financial Planning Psychology|

As a parent, you may always feel like you want to take care of your children. But that shouldn't translate to paying for everything throughout their lives.  It’s a wonderful gift to financially support your kids, and it's another to empower them with the knowledge and care to financially support themselves one day.  There is a saying, “if you give a man a fish, he will eat for a day; teach a man to fish, [...]

4 Questions To Discuss With Your Child Before You Pay For Graduate School

2022-06-29T01:19:50+00:00July 1, 2022|College Planning, Family Financial Information|

Graduate school applications and admissions are on the rise. With more and more students pursuing graduate-level education, it begs the question,  Should parents have to foot that bill, too?  Maybe you’ve already committed funds to your child’s undergraduate degree. Or perhaps this is the first time your child is asking for your help with education expenses. You may find yourself in either situation wondering if you have the resources to fund any part of your [...]

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 [...]

How Important Are Standardized Test Scores for College Admission?

2022-01-17T13:27:01+00:00January 15, 2022|Blog, College Planning, Family Financial Information|

Institutions have long used standardized tests to measure students' competency in specific subject areas. Some of the more common areas consist of language, math, science, logic, and reasoning.  Students of all ages have come across these tests. From Common Core in elementary school to the ACT and SAT in high school, educators continuously use standardized tests to evaluate students’ intellect.  ACT and SAT scores have been synonymous with college applications for years. These tests leave [...]

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