Finance
What Is an Investment Policy Statement?
There is no such thing as a “one-size-fits-all” financial plan. We all have different financial needs and goals. A good CERTIFIED FINANCIAL PLANNER™ understands that; but none of them can read your mind. How can you, the client, efficiently communicate your goals to your CFP® for them to create the best financial plan for you?
Mortgage Refinancing Explained
Refinancing your mortgage can be a great way to improve your financial situation and help accelerate meeting your financial goals. So why don’t more people do it? There are a lot of misconceptions around refinancing a mortgage. We want to help dispel those misconceptions and show you how refinancing your mortgage can be an important part of your financial plan.
Budgeting Road
When it comes to your finances, you can’t just wander along hoping for the best. You need a road map, a financial plan with a co-pilot, to help you navigate to where you want to be. Not just anywhere.
Our Money Desires
Money is without question a central issue in everyone’s life. We need money to pay our bills, to take care of our families, to educate our children, to support our communities, to reach our goals, and to fund our retirement. But none of us wants to think about money all the time. We’d rather spend time on the other things that matter; our families, friends, careers, and hobbies.
Planting Trees
It’s never too late to start planting trees. If your investment portfolio needs to play catch up, these are the steps you can take.
Get a Handle on Your Student Loans
Your college years may be long behind you but your student loans may still be staring you in the face. In fact, when measured on a dollar basis, the biggest increase in student loan debt is among those age 30 to 39. That group has $461 billion in student loan debt. On a percentage basis, the amount of student loan debt in that age group has increased by 30.2% in the past five years.
Are You Making This 401(k) Mistake?
Most people tend to think that front-loading their 401k is ideal, because you take advantage of tax-deferred contributions early in the year then have a bigger paycheck towards end of the year. For example, by November 1, you’ve met your yearly-max, so for the rest of the calendar year, your biweekly paycheck is slightly larger because you’re no longer contributing to your 401k.
Have You Had Your 401(k) Check-in?
We are more than half way through 2019 so we’re going to take a blog to check-in with your 401k plan to make sure you are doing the most you can do with your investments and helping ensure that the rest of the information is correct on your plan.
Zero Based Budgeting
This takes a monthly snapshot of your budget and spends down to zero every month. Once you have spent all the money for the month then you are at 0 and have to wait until you get paid again.