Your Financial Advisor’s #1 Rule Might be Hurting Your Returns
You’ve heard the saying a million times: “Don’t put all your eggs in one basket.” It’s the first piece of advice anyone gets about investing. But in the world of most financial advisors, this idea has been taken too far. The result? What some call “diworsification”—a portfolio so spread out that it owns all the […]
How Your Spending Changes Throughout Retirement
The day you receive your final paycheck marks a profound shift in your financial journey. For decades, your lifestyle had a reliable funding source—regular income that covered monthly expenses while letting you save for the future. But as you transition into retirement, that steady stream goes away, and you’re faced with a new reality: funding […]
Use This Simple Retirement Blueprint for Gen X
If you’re part of Generation X (born between 1965 and 1980), you’re likely thinking a lot about retirement. A recent survey found that Gen X is the least confident about retirement compared to any other age group currently in the workforce. Here’s a simple guide to help you prepare for the retirement you want. […]
6 Steps to Crisis-Proof Your Life
We all know that life can throw some pretty wild curveballs our way. Recessions, natural disasters, pandemics, medical emergencies, layoffs… the list goes on. We can’t bubble-wrap ourselves against everything that might happen, but we can put some smart safeguards in place for our finances and career. Here are 6 practical ways to prepare your […]
Should You Pay Off Debt or Invest?
Deciding between paying down debt and investing can feel like choosing between two good-but-confusing options. Here’s my simple breakdown to help you decide, based on your situation. The 6% Rule of Thumb If your debt has an interest rate of 6% or higher, focus on paying it off before investing extra money (with the exception […]
These 6 Money Mistakes Could Cost Your Relationship
Navigating finances as a couple can be hard. It involves balancing your own needs and wants with those of another person, especially when there are differing income levels and personal financial priorities. In fact, managing money effectively is a significant factor in relationship satisfaction and financial issues are a leading contributor to divorce rates in the […]
4 HSA Hacks To Supercharge Your Wealth
Use these HSA hacks to build up your wealth You’re probably familiar with the magic of compounding interest when it comes to long-term investing. But have you heard about the triple tax advantages of Health Savings Accounts (HSAs)? This savings vehicle can help you turbocharge your retirement nest egg in some ways you didn’t know. […]
The Top Areas to Focus On 5 Years Before You Retire
As you get closer to approaching retirement, the last five years before you retire take on incredible importance. During these precious years, you potentially have the highest earning potential of your career and should be taking full advantage of this. At the same time, your fixed expenses may be lower than in previous years if […]
8 Essential Money Lessons
As a Financial Planner and Financial Advisor, I’ve worked with over a thousand clients and investors over the years. Over countless conversations and meetings, I’ve seen the excitement, anxiety, and fear that comes with navigating their finances during this pivotal life stage. I’ve also worked with highly successful clients, each with their own story. Here are eight […]
Why Gen Zers Reject Dave Ramsey’s Advice
Dave Ramsey has been a popular financial guru for decades. His advice on living debt-free and cutting expenses has resonated with millions of American boomers. But there’s a shift in how the younger generation thinks about money and Ramsey’s no-nonsense advice. Young people have been pushing back against Ramsey’s financial advice, and with conviction. Anti-Ramsey […]