The last few years, for me personally, have been filled with studying for (and passing) the CFP exam. After passing the exam, I realized just how much goes into financial planning for a client. For some clients, not every area of financial planning will be applicable to their situation. It’s still incredibly important to understand the process, and how everything flows together. Let’s take a look at some the key pillars of financial planning: [Read more…] about The Pillars of Financial Planning
Qualified tuition programs, better known as 529 plans, have become a very popular way for folks to put money away for college. These programs are run by individual states, so that means they have to meet certain requirements. What many people don’t realize, however, is that there are TWO different kinds of 529 plans. In this post, we’re going to break down the main details and differences between the two. [Read more…] about The Two Types of 529 Plans
You’ve probably heard of “tax credits” and “tax deductions” before. What are they? Are they the same thing? If not, which one is better? Let’s dig in! [Read more…] about Tax Credits vs. Tax Deductions
We’re a little over a week removed from the tax filing deadline for your 2021 tax returns. So unless you’ve filed for an extension, your 2021 tax return should be filed to the IRS by now. The tax code is a complicated laundry list of things that makes people frustrated beyond belief. [Read more…] about Failure to Pay vs. Failure to File
The 2021 NFL Draft is here. The draft is a chance for teams to continue their offseason efforts to strengthen their rosters for the upcoming season. For some teams, it’s a chance to rebuild and start fresh. For others, it’s a chance to build on success from last year and become even better.
Investors have long heard the term “diversification” when it comes to building a successful portfolio. It’s recommended to spread your money across different asset classes, factors, etc. to build a properly diversified and balanced portfolio. Too much stock exposure and your investments could be too risky. Too much bond exposure and your investments could be too conservative. It’s a constant battle back and forth of finding the right mix, or the winning formula. [Read more…] about You’re on the Clock