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When a financial decision/opportunity is in front of us we typically fall into one of two thought processes to make our decision.  While neither is right or wrong, not understanding the impact of the other can cause us to miss the full impact, causing unintended consequences.

If you Google Goal Setting on any given day, you will find about 800,000,000 results.  An Amazon search for Goal Setting books stops at 6,000, and a search for Goal Setting journals gives you another 2,000 results.

Scams and fraud have been pervasive throughout time.  The internet created a new avenue to scam unsuspecting people.  My first memory of an internet scam was the prince from a distant land who wanted to wire you money.  That never works out like you hope.

This is the concluding piece to my 3-part series of General vs. Personalized.  If you would like to go back and read the others you can do so here: Part 1, Part 2.

2020 was weird.  You do not need me to tell you, you have heard it more than enough.  Well, Required Minimum Distributions (RMD) were no exception.  If you have contributed to a deferred retirement account, the government eventually wants its taxes.  They get it through the RMD process which requires as you age to take some of your retirement out every year and pay the taxes

While part 1 of this blog outlined how need-based aid is determined from the FAFSA, this part talks about things to do long before getting to the FAFSA.

Heads up - most people spend more in these categories in retirement than they did before retirement.

Have you thought maybe this pandemic remote work is like a test drive for retirement – you are home a lot and maybe have some extra time to pursue your personal interests? 

When it comes to finances, sometimes it’s difficult to even know where to begin. There is so much that goes into how your family approaches finances, which is why we like to start our process with a Discovery meeting.

Having a child about to start college is a financially scary lifetime event.  As with many other things in life, ignorance makes it scarier and harder than it has to be.  There are really two different phases, one which the family has no control over, and the other that the family has much control over.  We’ll discuss both.

This is a continuation of my last blog about general financial advice vs personalized.  You can click here to read the last topic discussed.

You Should Save 10% for Retirement