Tax Planning Strategies For 2019: How Can You Act Now?
Dave Farnsworth of McGowen Hurst Clark Smith explains a few different ways you could reduce your tax liability in 2019.�
Not Flavor-of-the-Month Financial Planning!
Category: Financial Planning » Cashflow
Foster Group does not raise a pumpkin spice flag in the morning to check the wind direction before offering prescriptive advice.
Money Can’t Buy Happiness, or Can It
Category: Financial Planning » Cashflow
The book Happy Money: The Science of Happier Spending by Elizabeth Dunn & Michael Norton has changed the way I think and feel about spending. It’s based on academic research that identifies ways that spending can increase our joy, something I didn’t think possible before reading this book!
Debt- A Useful Tool or Financial Burden
Category: Financial Planning » Cashflow
After 30 years of helping people think about all aspects of their financial plan, here are some thoughts on personal debt.
Confirming What You Know
Category: Financial Planning » Cashflow
Even though I’ve been helping married clients with their money for years, I realized we needed help. Were we thinking about things in the right way? Were we asking the right questions? Were we doing a good job of listening to each other and respecting our differences?
The Ins and Outs of Paying Student Loan Debt
Category: Financial Planning » Cashflow
Whether you are working on paying down student debt yourself, or have children looking to do so, below are some questions to consider.
Why I Hate New Year’s Resolutions
Category: Financial Planning » Cashflow
Here’s the thing, I love the idea of starting fresh and changing that one thing that pushes you to be the person you want to be. However in practice, I hate – OK, strongly dislike – New Year’s Resolutions. Here’s why.
Med School Grads, Do These Three Things First
Category: Financial Planning » Cashflow
As a recent medical school graduate, resident, or doctor early in your career, there are a few key things to consider for your financial well-being. The earlier you develop a strategy for these things, the greater the benefit.
Who Should Care About the CARES Act? You!
Category: Financial Planning » Cashflow
Early in the morning on Wednesday, March 25th, negotiators from both Congress and the Executive branch struck a deal spending nearly $2.2 Trillion to aid individuals and businesses.�
Debt- A Useful Tool or Financial Burden
Category: Financial Planning » Cashflow
After 30 years of helping people think about all aspects of their financial plan, here are some thoughts on personal debt.
Confirming What You Know
Category: Financial Planning » Cashflow
Even though I’ve been helping married clients with their money for years, I realized we needed help. Were we thinking about things in the right way? Were we asking the right questions? Were we doing a good job of listening to each other and respecting our differences?
The Ins and Outs of Paying Student Loan Debt
Category: Financial Planning » Cashflow
Whether you are working on paying down student debt yourself, or have children looking to do so, below are some questions to consider.
Why I Hate New Year’s Resolutions
Category: Financial Planning » Cashflow
Here’s the thing, I love the idea of starting fresh and changing that one thing that pushes you to be the person you want to be. However in practice, I hate – OK, strongly dislike – New Year’s Resolutions. Here’s why.
Med School Grads, Do These Three Things First
Category: Financial Planning » Cashflow
As a recent medical school graduate, resident, or doctor early in your career, there are a few key things to consider for your financial well-being. The earlier you develop a strategy for these things, the greater the benefit.
Who Should Care About the CARES Act? You!
Category: Financial Planning » Cashflow
Early in the morning on Wednesday, March 25th, negotiators from both Congress and the Executive branch struck a deal spending nearly $2.2 Trillion to aid individuals and businesses.�
To Refinance or Not…That is the Question
Category: Financial Planning » Cashflow
While our advice for nearly everyone is to sit tight when it comes to their investments, there is a move we’d encourage nearly everyone to consider – refinance your mortgage.
Vaccine for Physician Pocketbooks
Category: Financial Planning » Cashflow
While many in the healthcare profession are working tirelessly to meet the demands the COVID-19 virus has placed on the system, others have seen their hours cut and sources of income dwindle. Here are some options for those of you whose financial situation has changed dramatically in the past few months.
How Could You Use Your Stimulus Check?
Category: Financial Planning » Cashflow
You may be wondering what steps you can take to improve your financial life during these unsettling times. I would like to share some thoughts on how to use your stimulus funds and staying invested during anxious times.
3 Options to Help Keep Your Ducks in a Row
Category: Financial Planning » Cashflow
Proactively working off a budget is challenging, both emotionally and practically. Here are some of the tools members of our team use that have helped them successfully manage their cashflow.
IRS Allows for Reversal of 2020 RMDs
Category: Financial Planning » Cashflow
In late June, the IRS announced RMDs would be able to be reversed from any account requiring them through August 31st. Since the IRS is allowing this, it presents a potential tax planning opportunity.
Physicians: Debt vs Savings, Which Comes First?
Category: Financial Planning » Cashflow
Young physicians often ask, “Should I focus more aggressively on paying down my debt, or should I just do the minimum and try to save as much as possible?” That’s an excellent question, with lots of variables and layers.