This is the first of many video blogs (not sure I can bring myself to use the term “vlog”) to come. Producing a short video is much harder than I expected; mainly, because I don’t know how to edit yet, so I’ve got to try to nail it in one take. Overall, I’m happy with the first video, and I’m…
Category: Financial Planning
Fiduciary
Fiduciary. If you are not familiar with this term–you should be, and you soon will be thanks to the Department of Labor. Currently, the DOL is proposing a new standard for financial advisors. If the bill passes, advisors working with clients on retirement accounts (IRAs, 401(k)s, etc.) will be held to a higher standard of being a fiduciary; the “Fiduciary…
Did You Know IRA —–> HSA?
Did you know you are allowed a onetime tax-free transfer from an IRA to your Health Savings Account (HSA)? Well, you are–you’re welcome! Don’t close down your browser in a mad dash to transfer funds from your IRA to your HSA; there is plenty to evaluate to determine if this type of transfer is appropriate for you. I recommend sitting…
Neglected Areas of Millennials’ Financial Plans
Quick, what’s the first topic you think of when you hear “Financial Advisor”? Investments? Retirement? It’s not uncommon to meet with a new client, and the first topic of conversation is the stock market, their investments, or something related to retirement planning. While I spend a significant part of my time analyzing investments and developing retirement plans, those are…
Before you start your newborn’s 529 plan…
If you and your spouse (or other parent) are no longer alive, who is going to take care of your newborn? Whoa! Not what you were expecting? The thought of not being able to watch my boys grow up makes me sick, and the thought of them growing up without my wife and me, is even worse. Unfortunately,…