Understanding the basics of money principles is always a great place to start making your life… Financially Simple.

January 12, 2021

How to Calculate Your Income Savings Rate

One of the most common questions I hear from our clients is, “How am I doing?” As we lean into this question, quite often, the clients begin to compare themselves to their peers. However, I believe that there is a much better example for them to compare themselves to… themselves! To truly know “how you’re doing,” all it takes is a simple calculation. Join me as I explain how to calculate your income savings rate.
December 16, 2020

Tax Power Plays for the End of the Year

Tax season is just around the corner and there’s little time left to make moves that will mitigate your tax bill for 2020. I recently sat down with a good friend of mine to discuss these end of the year tax power plays. Chris Mahan, owner of Mahan & Associates is a wizard when it comes to breaking down and taking advantage of the Internal Revenue Code (IRC). That’s why I thought of him when I began researching this subject. So, join me as I breakdown what I learned from Chris!
December 15, 2020

How To Avoid Christmas Conflicts

Christmas is upon us and it truly is the most wonderful time of the year. Everywhere you look, there are festive and cheerful decorations. The spirit of generosity and goodwill toward men is thick in the air, and so is the wonderful aroma of pies, cakes, and Christmas cookies. Folks, I love Christmas time. But as wonderful as it all is, it brings about its own unique stresses. That’s why I’ve decided that today’s post will discuss how to avoid Christmas conflicts.
December 12, 2020
Financial New Years Resolutions

18 Financial New Year’s Resolutions for 2021

We all do it at the beginning of every year; make resolutions with the intention of keeping them. And while you have kissed 2020 goodbye, it doesn’t mean you’re ready to tackle 2021, especially when it comes to your finances. So we here at Financially Simple decided to help you become happy, healthy, and wealthy (to some degree) with 18 tips to help you clearly define and keep your financial New Year’s resolutions for 2021.
December 8, 2020
Wealth Gap Formula

The Calculation: The Wealth Gap Formula Put To Work

Over the past few weeks, we’ve spent a lot of time talking about your retirement wealth gap. We’ve covered everything from inflation and normalizing your income to assuming the ROI of your business and your investment portfolio. Now that we’ve laid all of the groundwork, it’s finally time to identify the wealth gap formula. Today’s article will pull everything we’ve learned to this point, together and show you exactly how to calculate your own retirement wealth gap.
December 3, 2020
Assuming The ROI

Assuming An ROI for Your Wealth Gap Calculations

Whenever we talk about calculating our retirement wealth gap, a common question comes up. This is the question of investment assumptions. What should we assume for our ROI when making these calculations? This can be a complicated issue because one of the ways to find the answer is to look at historic data across market indices.