September 30, 2016

Coming Soon ~ The Financially Simple Podcast

Stand by for the release of our new podcast series.
September 30, 2016
March 7, 2016 ~ Weekly Update

Stock Market Highs: What you can do to keep your portfolio on track

Historical stock market highs are prompting investors to take a close look at their portfolio to maximize returns. According to CNBC through the end of July, the major averages staged a remarkable rally since the March lows. U.S. markets surpassed the highest levels of 2009 with the Dow boasting the best July returns since 1989 and the S&P 500 and NASDAQ in 1997. With the stock market up, July was the best monthly performance for the Dow since October 2002 and April 2009 for the S&P and NASDAQ. Since March the S&P turned in a performance that is up 45.96%; meanwhile, the Dow shot up 40.09%, and the NASDAQ 55.96%. So what does that mean when for your portfolio? Even though the major averages are up this year, your portfolio is still likely down. You could be showing lower return than 3-5 years ago. If that sounds like you, it may be time to rebalance your portfolio. That may lead you to find that it’s out of sync with your ultimate goals. Perhaps saving for retirement or college is a major goal you hope to accomplish with your investments; then now is definitely the time to review where you are and […]
September 30, 2016
Hire a CFP

Complete Guide to Certified Financial Planner Certification

In this post we are going to provide you a Complete Guide to Certified Financial Planner Certification. In life, there are careers and industries that will always be required regardless of the state of the economy. Whilst some jobs are dispensable, some careers offer a job right up until retirement if required. Along with many others, financial planning is included in this exclusive list. When the economy is doing well, people want to know how to make the most of their money and what they should be investing in. When the economy is suffering, people look for ways to save money and reduce the amount of costs they have to survive. Regardless of the situation, financial planners are always required for these very reasons. Complete Guide to Certified Financial Planner Certification This post will include the many reasons I decided to be a CFP and why so many clients look for the mark. If you have decided that you want to go ahead and become a financial planner, the first step you should strive for is to  become a CFP.  CFP, or Certified Financial Planner Board of Standards, is the official organisation that can award anyone with the qualification required […]
September 29, 2016
Early Withdrawal from a retirement account

Early Withdrawal from a retirement account?

Thinking of taking an early withdrawal from your retirement account? Here’s what you need to know before you pocket that cash. According to the IRS, taking money out of your retirement account before age 59 ½ is not something to take lightly. Doing so can land you in hot water come tax time, triggering additional taxes. You’ll also lose some of you reserves to penalties. Here are some things to keep in mind: Early Withdrawal Tips Report all early withdrawals to the IRS, unless you are rolling the money over into another type of retirement account. Not reporting the withdrawal be a costly mistake you’ll end up paying for. Consult a qualified tax professional or your plan’s administrator if you are unsure. A generally rule of thumb is that you will also pay a 10% penalty on top of your income taxes on any early withdrawal. However, there are some exceptions to this rule, depending on your retirement plan or account. Again seek advice from your plan’s administrator or a tax profession to know which rules apply to you. Additionally, if you make an early withdrawal, you may need to file Form 5329. This from reports your early withdrawal as income for the […]