How to Teach Your Child About Money
Ask your child where money comes from and you’ll probably get an entertaining answer. Maybe they’ll say, “From a tree,” or, “From a machine,” or even, “Magic!” Children might not understand where money comes from, but they do understand that it can buy them things that they want. Because of that, it’s wise to start […]
How to Teach Your College-Age Child About Money
When your child first started school, you doled out the change for milk and a snack daily. Things were simple and you had direct control over what they spent it on. Now that they’ve grown up and are leaving childish things behind, it’s time for you to make sure that they meet adulthood with some […]
How Does Dollar Cost Averaging Work?
Many people make the mistake of avoiding investing because they’re worried about short-term volatility. Don’t be one of them. Use dollar cost averaging instead. This popular investment strategy takes some of the guesswork out of the game. Instead of holding onto a lump sum and waiting for the market to reach its lowest point, agonizing […]
How to Organize Your Finances After Your Spouse Has Passed Away
Losing a spouse is a devastating event, and adapting to life afterward can be a stressful transition. Add in the pressure of settling the estate and organizing finances, and it can be unbearable. It’s not a topic most of us like to engage with, but it’s also a necessary one. We’re here to help get […]
Tax Planning for Self-Employed
How to Protect Your Assets in Estate Planning If you’ve worked hard to build your wealth, you’ll soon run into a major problem: protecting it from future potential creditors. We see clients more often than we’d like who neglected this problem and are hit out of nowhere with an accident, heavy healthcare costs, or missed […]
Tax Planning for Income
5 Ways to Lower Your Federal Income Tax Burden No one wants to pay more in federal taxes than they have to. It’s as simple as that. Here are five strategies you should consider to keep more of your income during tax time. 1. Postpone Your Income to Minimize Your Current Income Tax Liability By […]
How to Protect Your Assets in Estate Planning
If you’ve worked hard to build your wealth, you’ll soon run into a major problem: protecting it from future potential creditors. We see clients more often than we’d like who neglected this problem and are hit out of nowhere with an accident, heavy healthcare costs, or missed bills. These events can be devastating if you […]
Strategies for Mutual Funds – Tax Strategies
In our previous blogs, we’ve covered timing and selection strategies. The last series of strategies to consider when investing in mutual funds is tax strategies. After employing time on your side and carefully selecting the best funds for your portfolio’s strategy, you want to look at strategies to avoid taxes, as this can greatly impact […]
Strategies for Mutual Funds – Selection Strategies
We covered timing strategies in the first section, but that’s only one key element to consider when investing in mutual funds. Selection strategies focus on using due diligence to select the best funds for your portfolio, ones that perform a role in the overall strategy you employ. Before investing in any mutual fund, carefully consider […]
Strategies for Mutual Funds – Timing Strategies
It can be easy to buy mutual funds without doing your due diligence, such as with stocks. It may be wiser to assemble your portfolio so that each fund fills a specific role. Strategies for mutual funds fall into three categories: Timing Selecting specific funds Avoiding taxes Here we’ll go into each timing strategy […]