Financial Planning

3 Important Concepts to Understand for Your Retirement

Planning for retirement involves more than just setting aside money in a retirement account. It's a complex process that requires familiarity with various financial concepts and terms. To enhance your retirement planning strategy, it's essential to acquaint yourself with some key terms. Here are three important concepts that you should be aware of: RMD (Required [...]

By |2024-08-05T10:20:13-04:00August 5th, 2024|Blog, Financial Planning, Retirement Planning|

Financial Wellness: How to Show Your Finances Some Self-Love

In the quest for wellness- physical and mental- it is easy to overlook an equally fundamental aspect of our lives: financial wellness. Just as we need to care for our body and mind to maintain our overall wellness, our financial habits, smart monetary decisions, and efficient planning may help establish financial wellness. Much like self-love [...]

By |2024-08-01T14:58:17-04:00August 2nd, 2024|Blog, Financial Planning|

Planning for Retirement Income Beyond Social Security

Planning for retirement income is a crucial aspect of achieving a secure and comfortable retirement. With longer life expectancies and the need for additional sources of income, it's essential to consider various strategies to supplement Social Security benefits and ensure financial stability during retirement. Importance of Supplementing Social Security Benefits While Social Security provides a [...]

By |2024-07-15T12:14:13-04:00July 15th, 2024|Blog, Financial Planning, Retirement Income, Social Security|

What 2025 COLA Predictions Mean to You

In 2022, the United States experienced the most significant inflation in four decades, primarily due to macroeconomic disruptions and supply chain issues following the COVID-19 pandemic. This led to an 8.7% cost-of-living adjustment (COLA) for Social Security beneficiaries in January 2023, the largest increase since the early 1980s. However, despite this, many retirees continue to [...]

By |2024-07-08T12:23:31-04:00July 8th, 2024|Blog, Economy, Financial Planning, Social Security|

The Psychology of Spending: Mindful Money Habits

Understanding the psychology of spending is crucial in today's consumer-driven society. On the surface, our consumption habits are about fulfilling needs or wants. However, delving deeper, we find that psychological factors significantly influence our spending habits. In personal finances, 'mindful money habits' indicate a financially conscious and thoughtful approach to spending and saving. To shift [...]

By |2024-07-05T14:00:23-04:00July 5th, 2024|Blog, Financial Planning, Psychology|

Your Finances Support What Matters in Life

When you think about your finances or financial topics, you probably think of the stock market, inflation, interest rates, valuation ratios, and other complex concepts. Well, forget all of that. The truth is your financial security is a cornerstone of a fulfilling and meaningful life. Whether the minutia makes sense or makes your head spin, [...]

By |2024-07-01T10:34:37-04:00July 1st, 2024|Blog, Financial Planning|

Smart Money Moves: Financial Tips for Building Your Vacation Fund

An escapade to an exotic getaway or a relaxing vacation provides an opportunity for rejuvenation. However, these leisure vacations often come with a price tag. Establishing a vacation fund is crucial to enjoying your holiday without financial strain. Here are some practical tips to help you build your vacation fund effectively. 1. Establish a budget. [...]

By |2024-06-28T10:06:57-04:00June 28th, 2024|Blog, Financial Planning, Travel|

Why You Shouldn’t Postpone Your Retirement Contributions

You may be thinking that you’ll save for retirement later. Right now, there are bills to pay and things you want to do with your money, so retirement isn’t on your radar. You may also be thinking, “How impactful could just a small amount of money saved really be for me—will it make a difference?” [...]

By |2024-06-03T02:37:34-04:00June 3rd, 2024|Blog, Financial Planning, Retirement Planning|

The Importance of Wealth Protection in Retirement

You’ve worked for your entire career to set up the life that you’ve always wanted, but that doesn’t always mean that the money and assets you’ve gained over the years will last. A part of retirement planning that people often overlook is wealth protection planning. Without a proper wealth protection plan in place, your savings [...]

By |2024-05-06T09:30:09-04:00May 6th, 2024|Blog, Financial Planning, Investment Strategies|
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