Financial Planning

6 Tips for New and Expecting Parents

Ask any parent and they will gladly confirm without hesitation -- kids change everything.

Becoming a parent is an immense blessing that changes our view of the world, our capacity to love, and our priorities. No doubt, having kids can therefore drastically change our finances. Adjusting to the new norms and overall financial impact of raising a child can be a challenge. These 6 financial tips can be a helpful guide to any couple who is preparing for or has recently become a new parent.

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How Refinancing Student Loans May Change Your Investment Strategy

Nearly 50 million Americans have student loan debt. Ask any one of them and they can tell you something far more enjoyable they’d rather do with that monthly payment. Dubbed a national crisis, student loan debt has created an opportunity for a new wave of social finance lenders to shine. Private lenders like SoFi, LendingClub, CommonBond, and Earnest are all over social media (and now TV) boasting five-figure savings and fairytale endings.

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Why You Should Consider Saving into a Health Savings Account

Imagine holding an asset that enjoys the contribution benefits of a Traditional IRA and the distribution benefits of a Roth IRA. What investment portfolio wouldn’t benefit from this kind of tax-efficiency? Read on to learn about the increasingly popular Health Savings Account – the only type of account that is never taxed if used properly.

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7 Questions to Ask Yourself Before Starting a Business

According to a recent study done by moneytips.com, 67% of millennials want to start their own business at some point.  Having started my own financial planning firm less than a year ago, I can relate to this desire.  There are certainly a lot of benefits to owning a business: a flexible schedule, choosing who you work with, and making business decisions.  But starting a business is also a lot of work and comes with risks. 

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You May Still Be Able to Contribute to an IRA for 2014

Have you contributed to an IRA yet for 2014?  If not, did you know that you still may be able to contribute to one of these accounts up until April 15th

This blog post is by far my most technical writing to-date and will help you to determine if you are eligible to contribute to a tax advantaged IRA for 2014.  Although this is not an exhaustive list of the characteristics of IRAs, I hope that it will also help you to understand the differences between Traditional IRAs and Roth IRAs.

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10 New Year's Resolutions to Improve Your Financial Situation: Part 2 of 2

Last week I shared five New Year’s resolutions to improve your financial situation.  Today I share five more.  My hope is that one or two of these resolutions will aid you in stewarding your resources in a more meaningful way.  

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10 New Year's Resolutions to Improve Your Financial Situation: Part 1 of 2

I’m a fan of New Year’s resolutions - and setting goals in general - because I find that they help me to focus on the things that are most important and they help me to live more intentionally.  

In order to help others steward their resources in a more meaningful way, I’ve put together a list of 10 potential New Year’s resolutions that will help you to improve your financial situation.  I’ll share five today and then five more next week.  

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Protecting Your Largest Asset

For a person in their 20s or 30s, their ability to earn an income is likely to be their largest asset.  While those in this demographic may not have much saved for retirement, they are likely to earn a significant amount of money during their remaining working years.  For example, a 30 year old earning $50,000 per year will make more than $3 million between ages 30 and 65 if their income increases by 3% per year.

One of the greatest problems that I see with my young financial planning clients is their failure to properly protect against a potential loss of these earnings. 

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