If a walk down the aisle is in your near future, financial planning might not be high on your to-do list. In fact, if you’re like most affianced couples, you might be planning to wait until you’re back from the honeymoon to work on your financial plan. Once the vows are exchanged, however, it might [...]
Financial planning and wealth management are important for everyone, no matter when they were born. However, the millennial generation – sometimes called Generation Y – face a host of significant challenges that past generations do not. Millennials, generally defined as those people who were born between 1981 and 1997, grew up in the shadow of [...]
Financial planners consider both age and risk tolerance when recommending how an investor might best diversify their portfolio and allocate their assets. Conventional wisdom indicates that, the closer you get to retirement age, the more you should reduce the overall risk level of your investments. The challenge for most investors is determining what percentage of [...]
You would never drive your car with your sight glued to the rear view mirror. You would likely wreck or find yourself lost. Yet many investors are guilty of that very thing. They select stocks, mutual funds and other investments based on past performance, despite the ever-present admonition in financial literature that “past performance is [...]
It is difficult to go more than a week without seeing or hearing advertisements for an investment that guarantees zero risk of principal loss, promises an attractive return (5-10% per year), and insurers lifetime income that never expires. Admittedly, these promises can sound very attractive on the surface, especially for risk averse investors. But are [...]
Few phrases are more dreaded in personal financial management than “market volatility.” If you’re like most people, the urge to call your financial advisor gets stronger when any of the leading indicators make a jump (in either direction). What you probably already know – but find difficult to accept in a volatile market – is [...]
Related Posts: Part II: High Income Earners and the Math of 529 Contributions Is Overfunding 529s Really so Terrible? More than 50,000 visitors in 2021… click here to sign up for our newsletter and never miss a post! (Don’t worry, we will not take up too much space in your inbox. After four fun introductory [...]
Personal finances are on our minds frequently as the deadline looms to pay 2020 taxes. Whether you have to pay a lot or a little (or you get a refund!), now is the time to enlist the help of a qualified financial advisor. The experienced team of certified financial planners at Resource Planning Group of [...]
We made the case in this earlier post that Section 529 College Savings Plans present a huge tax saving opportunity for high income parents but that most fail to exploit the opportunity. Based on experience and observation, we cited five reasons that parents and grandparents fail to maximize the potential benefits. Two of those reasons [...]
You’ve worked hard to get where you are – why shouldn’t you take every possible step to preserve as much of your wealth as possible? Working with a financial consultant or advisor is one of the best ways to reduce your risk and financial liability, helping you grow your personal wealth as safely and quickly [...]
