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Settling Down
Don’t tackle life’s big decisions alone. Start building a relationship with a CFP® professional who can help you create a roadmap to achieve your financial goals.
A Guide to the Estate Planning Documents You Need
When is the right time to start estate planning? The short answer is now! Many people don’t begin to think about estate planning until retirement age. If you are a millennial, you might feel like you’re too young, but that’s not the case. Whether you’re just starting out or an established professional, single or have a family, focused on paying off debt or building assets, having an estate plan & documents in place is important to ensure your wishes are carried out if something were to happen.
The Latest
What to Understand When Buying Life Insurance Coverage as a Young Professional
According to a recent study from the Life Insurance Marketing and Research Association (LIMRA),* more than half of all millennials (those between the ages of 24 and 41) have no life insurance coverage at all. The study says that 35% of millennials don’t own policies because they think life insurance coverage is too expensive, and another 45% think they would not qualify for coverage. The LIMRA study shows that 8 in 10 millennials overestimate how much life insurance would cost them. Typically, under $300 annually. As far as not qualifying goes, millennials often qualify easily since the younger you are, the less likely you are to have health issues that would preclude coverage.
Tax Planning Strategies to Lower Your 2023 Tax Bill
Some financial challenges are out of your control. But you do have more control than you may realize when it comes to one personal financial pain point: your taxes. Here are 5 ways you can lower your 2023 tax bill. Explore the tax planning opportunities that may be available to you with the assistance of a CERTIFIED FINANCIAL PLANNER™ professional.
Estate Planning: Thinking Beyond Your Immediate Family to Your Chosen Family, Interests & Pets
Estate planning can feel overwhelming, especially if we’re planning how to care for those beyond our immediate family. We have the family that we are born into, but many of us also have chosen family. We may have causes that are near to our heart, as well. Take the time to financially plan for who and what matters most to you by considering these five helpful tips.
Here's What You Should Know About Loans in a High Interest Rate Environment
Interest rates in the U.S. have steadily risen since early 2022. If you are thinking about taking out a loan or opening a new line of credit, be aware of the impact of high interest rates. When the Fed raises or lowers these rates it influences what banks and other financial institutions charge for the consumer loans and credit products they offer. That in turn can make borrowing more expensive.
For 2023, Skip the Resolutions and Make a Proclamation
When 2022 rolls into 2023, I suggest you pick one financial item you wish to accomplish and make a proclamation rather than a resolution. A financial proclamation is an inclusive resolution that lets the people who are important to you know that you wish to involve them in a better future together.
Financial Considerations When Welcoming a Pet Into Your Family
Making the decision to add a pet to your family is an exciting time. Some pets are relatively inexpensive to bring home and maintain, while others can be costly. Before you take the emotional leap to become a pet owner, take a step back and think about your budget.
How to Plan Ahead for Winter Expenses
While it may be true that “it’s too early for this,” as many of us declare, it’s definitely not too early to budget for your winter expenses. Having a clear budget will help you stay on track financially.
Creating a Budget for Your Child’s Medical Expenses
It is important to have a plan in place for potential medical expenses. A CFP® professional can help you evaluate your family’s health care needs and create a comprehensive financial plan that covers your medical expenses today, as well as your potential future costs.
Five Tips for Developing an Estate Plan During National Estate Planning Awareness Week
An estate plan is the legal documentation that helps you control who will inherit your money and property as well as who can make medical and financial decisions on your behalf. Here are five tips to help you begin developing an estate plan.
How to Understand Tax Planning as a Small Business Owner
As a small business owner, you wear a lot of hats, and it might be easy to lose site of one critical function of your business: tax planning. Poor tax planning can result in unexpected tax bills and penalties that can impact your business’s cash flow. Here’s what you need to know.