June 25, 2016

Laying the Groundwork for Financial Success

Laying the Groundwork for Financial Success From time to time, I get people in my office that are just starting out in life or they’ve gone through a bankruptcy or something of that nature and they’re ready to change their future. Perhaps you’re in that category yourself and you’ve spent far too long spinning your wheels on how to make your money work for you and you’re ready to say, “I’m tired of this and I want to be successful.” If that’s you, then you’re already on the right path, because in order to have financial success you have to realize what prevents financial success and you’ve obviously already done that. So where do you start? Get a Plan—I know I harp on this all the time but it really is paramount to success. If you hop in the car without a place to go you’ll likely end up nowhere and just run out of gas. It’s the same situation financially. You can’t get to where you want to be if you don’t know where you’re going and eventually you’ll just run out of steam feeling defeated. So get a plan! Realize the power of transference—When I talk about transference, I’m talking about […]
May 30, 2016

What’s the worth of a CFP ®? – Financially Simple

In a meeting this last week, a client asked me, “How can I measure the worth of a financial planner?” This client is a very knowledgeable and informed client, trying to understand a quantitative measurement for the hiring of a wealth manager.  This question resulted in an intense research for quantitative measuring tools.  Here is what I discovered…. What you don’t know can definitely hurt…especially when it comes to comprehensive wealth and retirement planning. That’s why working with a CERTIFIED FINANCIAL PLANNER™ could make all the difference in the world. Here’s how  CFP’s® are making a difference for those that choose to work hand in hand with one. According to a recent survey, of those that are within 15 years of retirement, a whooping 76% are stressed when it comes to their savings and investments. However, those working with a CFP® aren’t experiencing the same lack of confidence. With and Without Investors Confident with plan Happy with plan With an advisor 91% 92% Without an advisor 44% 44% Not only are those that work with an advisor stressing less about their future, they’re also seeing higher returns on their investments. While past performance is not indicative of future results, I found […]
May 6, 2016
Tips for Gift Taxes

Get Ready for Next Years Taxes

Get Ready for Next Years Taxes Now that tax season is officially over for most people, you might be tempted to push it to the back of your mind. However, now is a good time to set up a system so you can keep your tax records safe and easy to find. Here’s how to make next year’s taxes easier: Speak to a professional about tax minimization strategies you can employ now Worried about next year’s tax burden? Adjust your withholding to avoid getting a big bill at tax time Take action when your life changes. Getting married or divorced, having a child, incorporating a business- these are all life changes that may affect your taxes. Speak to a professional about updating your tax information Keep all of your tax documents organized in once place. Add files, documents, and receipts as they arrive Find a tax specialist. If you’re not currently working with a tax professional, now is a good time to interview one Tip courtesy of IRS.gov
March 24, 2016
four measurements of wealth

Four Measurements of Wealth – Does Money Equal Happiness?

There have been numerous articles written on the correlation between money and happiness. A quick Google search will turn up 650,000,000 pages. Most of these articles offer similar conclusions, like this February 2015 article in the Huffington Post, that while money can provide you with a certain level of comfort, it will not make you happy. So I began thinking—your bank accounts may tell you what you can and can’t afford, however, can they really tell you how wealthy you are?