Five Ideas for Charitable Tax Savings
Five ideas for integrating your finances and your philanthropy.
Is Leasing Right for You?
Category: Financial Planning » Cashflow
October was the worst month for new car sales at his dealership in over ten years. In fact, only about 10% of car buyers that month were electing to lease new vehicles and typically, leasing is less expensive than buying. What’s going on here?
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.
What to Do If Forced Into Retirement Early
Category: Financial Planning » Cashflow
Yet, all too often, there is a second group of retirees for whom retirement is filled with uncertainty. Let’s say that at age 58, suddenly you are forced to retire. This could be a full five to seven years before you planned. What do you do now?
Saving for a Rainy Day
Category: Financial Planning » Cashflow
According to a 2020 Federal Reserve study, 36% of American adults do not have enough cash to cover a $400 unexpected expense1. While the opposite 64% say they DO have enough, that still leaves around 90 million American adults unable to handle a modest money disruption in their lives.
Hiking Through the Financial Wilderness
Category: Financial Planning » Cashflow
I used to laugh at the TV commercial years ago that stated, “Most people spend more time planning their vacation than their retirement.” It’s funny how your perspective can change with time. Now, I gladly note all details of a personal trip, perhaps as a parallel of my work.
The Significance of an Emergency Fund
Category: Financial Planning » Cashflow
An emergency fund is not merely about setting money aside; it's about cultivating peace of mind and stability when life throws unexpected challenges your way.
2022’s Financial To-Do List
Category: Financial Planning » Cashflow
As we kick off 2022, many of us likely have decided on a few financial New Year’s resolutions. Starting the year off on the right foot is important to accomplish your 2022 financial goals. Here are a few ideas to consider when planning for the year ahead.
How to Use the Dollars: Building Your Income Stream
Category: Financial Planning » Cashflow
Retirement is exciting—but having a well-thought-out distribution strategy could help ensure your money lasts. Let’s explore the key considerations for crafting a smart plan that works for you.
Uncle Sam Wants His Money
Category: Financial Planning » Cashflow
Game Saving Plays for 2021 Financial Planning
Category: Financial Planning » Cashflow
Once the proverbial game clock expires on December 31st, our financial decisions are, for the most part, locked in. There’s no going back. Here are some suggestions to consider for your savings and/or to mitigate the tax bite for 2021.
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.
Tips to Help Keep You on Track for Your Financial Goals
Category: Financial Planning » Cashflow
Personal financial planning is critical to help ensure that, in both good times and bad, emotions do not lead to irrational money management decisions and costly mistakes.
Thermostats and Peanut Butter Jars
Category: Financial Planning » Cashflow
“Scrape the bottom of the peanut butter jar,” in order to set yourself, your family, and others up for future happiness.
Spring Clean Your Financial Plan
Category: Financial Planning » Cashflow
You can’t have spring without spring cleaning. As you tackle your home, yard, and other spaces this year, your financial plan might also need to be spruced up. Here are a few tips to clean up your financial plan this spring.
Teaching — and Learning from — Our Kids: What Kind of Spender Are You?
Category: Financial Planning » Cashflow
As a financial planner and a parent who didn’t grow up with the benefit of family financial literacy, I’m always looking for creative ways to teach my kids about money. Read more to see how a simple family trip revealed three unique spending styles.
The Second Home: A Different Kind of “Bond” Investment
We need a different approach to evaluate an investment of the heart, a different kind of “bond” investment. An investment in joy requires a unique type of cost-benefit analysis.
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?
Why should you have a budget?
Category: Financial Planning » Cashflow
The word, budget, can induce fear and anxiety for some people. But I would argue that creating a budget and being disciplined in the process creates more freedom and flexibility than the alternative.