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Even before your children can count, they already know something about money: it's what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children...

Social Security (SS) retirement benefits are a vital component of retirement income for many people. It consists of multiple benefits, including disability, survivor, and retirement benefits, and is an indispensable part of many...

As we approach tax day, you may be expecting to receive a tax refund. While you may have a temptation to spend your tax return, other options may be more beneficial to your financial situation. Your tax refund is for overpayment of...

At what age should you start discussing inheritance with your children? Estate planning and inheritance, while complex topics, should be an ongoing discussion with your family. Even in their late teens, twenties, and thirties, children...

If you are a young professional, you probably make decent money but not enough to live solely off passive income or create generational wealth. Being a young professional may come with specific financial issues. A high income could...

Knowing how to take the deductions you are entitled to may help your bottom line if you are a business owner. You may use various deductions this tax season 2025 to manage your taxable income and hopefully keep more of your hard-earned...

Inheriting generational wealth comes with many emotions, from sadness to confusion to perhaps even joy or relief. An inheritance can take various forms, such as cash, properties, stocks, bonds, property, or other assets. The person...

Aiming Toward the Target in a Stock‑Picker’s MarketThe other day, I found myself talking to some clients about "aim and intentionality", about how hitting a target is quite difficult when we don't know where we are aiming. Maybe it's...

Many are interested in the impact of future tax legislation on Trusts. As we look ahead to 2026, it is crucial to understand how the evolving tax landscape may impact the administration, structuring, and distribution of Trusts.Several...

Creating a well-structured and comprehensive estate plan is critical to ensuring your assets are distributed according to your wishes and that as much of those hard-earned assets go to your intended beneficiaries, and not lost to the...

Tax planning is an essential aspect of financial management, especially for individuals who have accumulated substantial wealth over their lifetime. Wealthy retirees, in particular, need to pay special attention to their tax planning...

Tax season is officially underway, and this year’s filings come with several updates thanks to the recently passed “One Big Beautiful Bill.” Tax law changes don’t usually top anyone’s list of fun topics, but a few of these might...

Do you believe you have to be a financial genius to manage your finances? Financial knowledge may seem like a lot to handle, and you don’t need us to tell you that. But we are here to tell you that financial wellness is much more about...

Managing retirement strategies and creating goals can help you stay focused and consistent in your financial efforts. It creates a sense of achievement while you make progress toward the pursuit of a fulfilling retirement and financial...

Financial wellness is a state of being when one is in control of their finances, can cover expenses, and save for future goals. Consider financial wellness as your relationship with money; it can be either healthy or unhealthy....

Another year of investing is wrapping up, and the Christmas Season is almost upon us. To the new readers out there... "Welcome". For the readers who've been receiving these pieces for the last 5+ years or so, you may know that one of...

1. Create a living trust The way a living trust can avoid probate is by legally owning the assets that then get distributed to beneficiaries according to the terms of the trust, thereby bypassing the court-supervised probate process....

Part of the joy of making money and building wealth is not solely the aim to live a flexible life of convenience; it is also giving to those we love. Typically when we think of passing down money to loved ones, it is through a will...

The holidays are a time for giving, gathering, and, if you’re like many young professionals, grinding through year-end deadlines, social expectations, and dealing with the pressure to spend. Between gift lists, travel plans, and...

For many, the holidays are a time to celebrate traditions, connect with loved ones, and give a little joy. But in a year marked by economic uncertainty, rising costs, and global shifts that feel far outside our control, it’s...

Every year, the holiday season inspires a beautiful wave of generosity. Donations surge. Volunteer sign-ups spike. People go out of their way to support those in need or brighten someone’s day. But what if that spirit of giving didn’t...

For many small businesses, the holiday season is the busiest and most profitable time of year. That's how “Black Friday” got its name; it often marked the first time businesses' books were finally "in the black" (showing profits) for...

In a world where economic certainty is not guaranteed, stagnant interest rates can present unique opportunities and challenges for investors. This interest rate environment requires innovative strategies to navigate potential returns....

As we age, planning for the future becomes increasingly important. This is especially true when it comes to long-term care. For married couples, this planning is not just about individual needs but is also about ensuring that both...

Estate planning is also significantly relevant for single individuals without children. It is a protective measure that ensures assets are distributed according to one's wishes and helps minimize legal disputes among family members....

Generational wealth involves proactive financial planning, especially when parents or grandparents pass on their wealth to loved ones after they die. Entrusting family members with receiving an inheritance is more than just getting a...

Market uncertainty occurs when investors find it challenging to analyze current and future market conditions due to market volatility. Various factors, such as inflation, central bank policy changes, interest rate fluctuation, investor...

As the leaves begin to fall and the year winds down, autumn offers more than pumpkin spice and cozy sweaters. It’s also a good time to clean up your finances. Just like spring cleaning helps freshen your home, fall financial cleaning...

When you think of your financial wellness, you are likely not considering how it may affect your social life or vice versa. While many factors may influence your financial situation, social influence is the component that is given the...

Last month I was fortunate enough to hear one of our county's leading modern-day economists and Financial Authors, Jeremy Siegel, speak at a conference. Mr. Siegel is also the leading Finance professor at one of our country's best...

You are not alone if you do not have access to a 401(k) retirement plan. Pew Research data reveals that 35% of private-sector employees do not work for an employer that offers a plan.1 Fortunately, other retirement savings options are...

In the U.S., women control a third of household assets. But by 2030, U.S. women are expected to control much of the assets that the baby boomer generation will pass to heirs, roughly 30 trillion in assets. High-earning women have...

A critical part of financial planning that is often overlooked is insurance. Having various insurance policies will provide different benefits to your financial plan, ranging from protection to tax breaks. In fact, insurance is a...

Working toward financial independence can often be a lifelong process. But for many, financial freedom may come far sooner—and include some fun along the way. What are the differences between financial independence and financial...

My wife and I were out to dinner recently, and I couldn’t help but notice a couple nearby. Both of them spent the entire meal on their phones. They hardly spoke to one another. Just sat there, scrolling. It seems that everywhere you go...

In today's economic environment, where market volatility and inflation are often unpredictable and inevitable, investing can sometimes feel like a rollercoaster. However, investing during these periods doesn't have to be a...

Accredited investors are individuals characterized by their high net worth or substantial income. Being an accredited investor provides special access to various investment opportunities otherwise inaccessible to the general public....

When was the last time you took steps to optimize your 401k? If it has been a while, you are not alone. Research indicates that only one in three Americans utilize employer-sponsored 401k retirement accounts; even those contributing...

Both trading and investing involve purchasing financial assets for the purpose of growing the value of those investments and either earning a profit through a sale, the accumulation of interest, or dividends paid out (and reinvested in...

If you’re looking for a simple way to grow your savings faster, without taking on much risk, a high-yield savings account (HYSA) is something worth considering. These accounts may earn more interest than typical savings accounts. This...

We hope everyone’s summer is off to a lovely start and also that all had a great Fourth of July celebrating our amazing country. As I’m sure all readers are more than aware, it’s been a fairly fantastic market these last few months....

Approximately 70 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to...

Tariffs—taxes imposed on imported goods—have become an essential factor for investors to consider. They are typically used to protect domestic industries from foreign competition by increasing the costs of imported goods. However,...

Practical tips to embark on peaceful and confident adventures in retirement Retirees often have the time, freedom, and desire to explore new destinations and make the most of their golden years. With careful planning and attention to...

Ever since a legal secretary named Ida May Fuller received the first retirement benefit check in 1940, women have been counting on Social Security to provide much-needed retirement income. Social Security provides other important...

Retirement seems like a long way off, but it arrives faster than you think. The big question is, are you ready? What exactly does retirement entail? Analysts suggest there are four designated phases of retirement that a person often...

Once you are in your 60s, you are likely to focus less on growing your retirement funds than answering, "When do I retire?" And once you crack open your nest egg, how should you allocate its contents? The answer often lies in a...

There are recent updates to the Required Minimum Distributions (RMDs) that may impact your retirement planning. RMDs play a crucial role in your retirement strategy, so it’s important to stay informed in order to avoid IRS penalties.

A 529 plan may offer multiple benefits as part of an estate planning and wealth transfer strategy. It is a tax-advantaged savings plan that encourages saving for future education costs. These plans enable parents to save for their...

Veterans and military members have access to various investment options, some of which are not offered to the general population. Managing investments depends on individual goals, risk tolerance, and financial situation. Here are some...

Wealth transfer is more than just a financial transaction; it's an opportunity for families to pass on their values, wisdom, and a legacy of love. Navigating this process requires careful consideration, open communication, and a shared...

To maintain good physical health, most people must exercise regularly, eat a balanced diet, and keep stress to a minimum. Achieving financial wellness is no different. It requires careful planning, smart decision-making, and consistent...

Baby Boomers — those born between 1946 and 1964 — hold about $20 trillion in wealth.1 Over the next few decades, many Boomers may transfer this wealth to their Gen X, millennial, and Gen Z children, perhaps incurring a hefty tax bill....

In 1989, Stephen Covey, an American author, educator, and businessman, published his groundbreaking self-help book, 7 Habits of Highly Effective People. Regardless of income level, age, or career, anyone can learn and practice the...

Social Security, established in 1935, provides financial benefits to the elderly, disabled, and disadvantaged groups. However, there are concerns regarding its sustainability. Social Security is particularly concerning among younger...

Addressing wealth management comprehensively in today's market environment is essential for individuals and business entities. Given the dynamic nature of global markets and the ever-changing economic landscape, navigating investment...

In today’s fast-paced environment, careful financial planning is crucial when it comes to growing and preserving your wealth. The decisions you make today could have a lasting impact on your finances. Please use the checklist below to...

Military families face plenty of financial challenges. If you're saving for college or retirement, buying a home, or wondering how to help secure your family's financial future, don't overlook these five benefits. 1. Thrift Savings...

There's no doubt about it — going through a divorce can be an emotionally trying time. Ironing out a divorce settlement, attending various court hearings, and dealing with competing attorneys can all weigh heavily on the parties...

When it comes to planning for retirement, there are a myriad of strategies and options available. One often overlooked method is making after-tax contributions into retirement savings vehicles. This approach to investing after-tax...

It’s an eventful time for investors, with the stock market reacting to a range of economic factors. While many elements are at play, and I could write an op-ed about each of them (maybe I will over the next couple months). For this...

Military families face plenty of financial challenges. If you're saving for college or retirement, buying a home, or wondering how to help secure your family's financial future, don't overlook these five benefits. Thrift Savings Plan...

Retirement is a chapter of life that, for some, may signal leisure, freedom, and working by choice, not necessity. However, this phase usually requires retirement income from retirement savings withdrawals. Different retirement account...

Required minimum distributions, often called RMDs, are IRS-mandated account withdrawals that the retirement account owner must take. These distributions must begin when the account owner reaches a certain age. Understanding RMD...

Hopefully, you’re planning to give all of your loved ones plenty of affection this Valentine's Day. But what if you weren’t around? To make sure everyone is fully protected when you’re gone, you need an estate plan. This year, show...

The world of personal taxation and tax deductions can often be puzzling. While these elements aid in reducing one's tax burden, they may also come with unexpected limitations. These limitations can take taxpayers by surprise, reducing...

As we enter the new year, we want to remind you that tax season is upon us. At Platte River Private Wealth, we are committed to helping you navigate this important time with ease and confidence. Here are a few key points to keep in...

A crucial aspect of planning involves understanding how much money you should aim to have in your 401(k) now, based on your age, as you save for retirement. Knowing this amount and devising a plan to work toward this balance goal is...

Finance these days may be overwhelming and stress-inducing. Whether it’s following up on overdue bills or saving for the future, financial woes may cause a domino effect that challenges the calmness you work hard to preserve. What if...

A critical aspect of retirement planning is understanding the rules and requirements surrounding Required Minimum Distributions (RMDs) from retirement savings accounts. An RMD is a mandatory minimum amount that retirement account...

The holidays are a season of giving, rejoicing, and celebrating. And sometimes, being joyous means having to spend some money. If you feel the pinch when the season ends, don’t worry! The following tips may help you get back on your...

Money management can help support career success – whatever your discipline. You may be a newbie or have some experience, but either way, you may benefit from some supportive financial habits that you put in place to get you on the...

A client said something to me the other day that got me thinking. Something to the effect of “this market is too good and it makes me nervous”. I mean the market as represented by the S&P is positive over 26% so far this year. It got...

Year-end charitable giving is often associated with the spirit of doing good during the holiday season. It gives the donor a feeling of satisfaction and, in some cases, a substantial tax write-off. However, one question that often...

On Giving Tuesday1—the day after Cyber Monday—millions of people across the world focus their attention on giving back. Whether as a way to eke out meaningful legacies or trim your tax bills, end-of-year philanthropy is a good cause...

Just what you need, right? One more time-consuming task to be taken care of between now and the end of the year. But taking a little time out from the holiday chores to make some strategic saving and investing decisions before December...

One of the easiest ways to become an investor is by participating in your employer’s workplace retirement plan, if there is one. For most people, there may not be a better opportunity to pursue financial wellness than this. Automatic...

Happy fall to all! Here in Casper, we have had a great October weather-wise, and I've gotten to continue swinging the golf club all month. I'm hoping to play again this weekend before the weather turns but then I'm sure it will be...

In the intricate tapestry of investment strategies, the Halloween Strategy, also known as the Halloween Effect or Halloween Indicator, stands out as a peculiar and fascinating anomaly. Rooted in the hypothesis that stocks tend to...

Every year, the holiday season sneaks up on us and, before we get to turn around, it’s over. This frenzied time of year is filled with shopping excursions and office parties, and it’s easy to let financial planning slip through the...

During this time in your life, you’re likely busy establishing yourself in your job or career, building new relationships, enjoying activities with friends and family, and generally figuring out how to navigate through new challenges...

Until recently, college student-athletes were considered amateurs and prohibited from receiving monetary compensation. However, the NCAA has introduced Name, Image, and Likeness (NIL) rules that now allow student-athletes to be...

Many dream of working toward early retirement, but getting there generally doesn’t happen by accident. Retiring early requires financial independence that can last for decades, but that is much easier said than done. To get there...

Your 3-digit “FICO” credit score is one of most important measures of your financial wellness. But what determines your score and how can you improve it? Your score is commonly used by creditors to determine your overall credit risk...

The market’s recent behavior can best be described as turbulent of late, with plenty of twists and turns keeping investors on edge. At the heart of this turbulence is a potent mix of recession anxiety and the ever-watchful eye on...

As you approach retirement, fully stepping away from work might seem less appealing than it did a decade or two ago. Instead, many people embrace semi-retirement to balance the need for continued income with the desire for more leisure...

Divorce is never easy, but it is important that estate planning continues to take precedence before and after a divorce. Depending on your situation and professional legal guidance, some estate planning items can be updated now, while...

Inheriting comes with many emotions, from sadness to confusion to perhaps even joy or relief. An inheritance can take various forms, such as cash, properties, stocks, bonds, property, or other assets. The person leaving the inheritance...

Over the next few decades, one of the most significant wealth transfers in history is that baby boomers will pass down an estimated $30 trillion in assets to their heirs. Termed 'The Great Wealth Transfer,' this immense wealth transfer...

The #1 goal of adaptive planning is to deliver superior outcomes Uncertainty is an inherent part of the financial sector, and nowhere is this more evident than in finance management and analysis. The reality is that perfect financial...

Although inflation is down from an all-time high, people are still pinching their family wallets—especially when it comes to back-to-school shopping.1 Whether you're buying for one student or several (or even for yourself), you may...

Greetings to all and happy July! I hope everyone enjoyed their Independence Day and watched some fireworks. In order of our Country’s month of independence, I am going to quote the great Benjamin Franklin; We all know that paying...

You need a healthy social network to make your small business truly successful. Not only can other small business owners help refer clients and customers your way, provide collaboration, and introduce you to useful contacts, but they...

The ‘Sandwich Generation’ refers to a generation of individuals caught between the demands of caregiving for their aging parents and their children. This delicate balancing act is a challenging reality many women face today, demanding...

If you're a high earner, you may be interested in partnering with someone with similar education, income, and goals. Becoming a financial "power couple" can help you both achieve your goals sooner. Because money disputes are one of the...

Strategies for Navigating Market Volatility with Confidence In the unpredictable world of investing, the “fear curve” is an all-too-familiar emotional roller coaster that leads many investors to make decisions that ultimately harm...

Nearly every American worker includes Social Security benefits as part of their comprehensive retirement plan. As a member of the workforce, you pay Social Security taxes, which earn you “credits,” that go toward your Social Security...

As a young person, you imagine you have all the time in the world to save for retirement. You live in the present with the future a mere blip out on the horizon. But time has a way of flying by, and you realize that maybe you are not...

There is one thing that we will most likely all do one day: regardless of your status in society, position at work, or whether you are tall or short, you may pass down assets to loved ones. When that day arrives, an estate plan is...

Earnings Season is akin to bringing home the report card for the parents to see; I get to be on the fun side of this activity now as a parent and am happy to report all my kids earned a trip to their favorite local Hibachi restaurant....

Adopting a strategic approach to content consumption can save money In today's digital age, entertainment is just a click away, with streaming services offering an array of content at our fingertips. However, the convenience of...

529 plans are a tool for those looking to save for college for their children, grandchildren, or any family member. While most people know that they are one of the most popular saving methods for college, many myths surrounding these...

Throughout the years, the market has experienced regular periods of volatility. Periodically, the Federal Open Market Committee (FOMCC) reviews its monetary policy, which creates both worry and anticipation among consumers and...

Today we continue our estate planning series with arguably the #1 question that we get during our financial planning meetings with clients. DO I NEED A TRUST? First off, as the compliance department makes me disclose, I am not an...

For workers in the U.S., a six-figure income is enough to land you in the top 10 percent of wage earners.1 Looking even higher, the top 5 percent earns an average of $340,000 per year, while the top 1 percent earns an average of $820...

To maintain good physical health, most people must exercise regularly, eat a balanced diet, and keep stress to a minimum. Achieving financial wellness is no different. It requires careful planning, smart decision-making, and consistent...

April marks Stress Awareness Month, which provides a great opportunity to shed light on a topic often overlooked in the world of high-net-worth investors, which is mental health. For anyone who is used to managing substantial wealth,...

The journey to prosperity involves more than just a high income. It requires strategic planning, wise investment decisions, and a keen understanding of your financial landscape. On Financial Professional Day, explore how working with a...

Learning financial literacy, such as money management, budgeting, and investing, can seem daunting, but is no different than learning how to speak another language. Being financially literate allows you to have a better, more...

As high-net-worth (HNW) individuals approach their golden years, retirement planning often becomes a focal point of their financial strategies. One aspect of this planning that sometimes creates confusion or misinterpretation is the...

If you have a 529 education savings plan, it can now be converted to a Roth IRA. Both plans are funded by after-tax money. Initially, the money put into a 529 plan had to be used toward education expenses. If, for whatever reason, the...

Who doesn’t remember their first job, receiving your first paycheck, and even applying for and using a credit card for the first time? Access to money provides a sense of freedom and the ability to buy things you want with your...

As you approach retirement, you're probably envisioning a future of leisure, adventure, and well-deserved relaxation. But just as you plan your wardrobe for different seasons, organizing your financial closet is crucial to help manage...

A big part of my role is to stay up to date on current events that can affect the market and our portfolios. During my daily readings, I often stumble upon articles that make big predictions about future market movements/returns. These...

A personal credit crisis is something many people fear, as it can lead to financial ruin and burden an individual with immense debt. Fortunately, steps can be taken to avoid such a crisis, even for high earners who may seem financially...

When filing your income taxes, each taxpayer is different. Some prefer reducing the taxes they owe and getting the most significant possible refund, while others work to keep the taxes they pay as low as legally required. The IRS...

In the world of investing, risk and reward go hand-in-hand. To help manage risk and reward, investors often utilize a portfolio diversification strategy that mitigates risk while working toward accumulation across asset classes....

In my last official “financial planning email” I wrote about the Importance of Beneficiary Designations. In my world, that is probably the single easiest item to correct that results in issues for your loved ones down...

Mindfulness and adaptability can position you for long-term confidence As the world evolves, so too do the challenges faced by the younger generations entering the workforce. Over the last year, nearly four in 10 Gen Z individuals have...

Independence is important in retirement. The more independent retirees are, the more fulfilling their retirement is likely to be. However, living independently as you age isn't always easy and may take some degree of planning well...

Tax planning might be complex, but it's also essential—especially for high-net-worth families, where missing tax breaks or failing to optimize income could cost significant dollars, maybe millions, over a lifetime. And even in...

As one approaches retirement, monitoring your financial situation by understanding your net worth and assessing the assets and resources needed to maintain a comfortable lifestyle throughout retirement is vital. This article explores...

Determining how your income impacts Social Security (SS) taxes is important for tax planning. Factors that determine how much pay SS tax you pay, depending on your circumstances, include: If you have income from working in retirement....

When it comes to financial bad habits, the most common are also well known — don’t spend too much, don’t take on unsustainable debt, and avoid living paycheck to paycheck. But what happens once you’ve...

Whether you want to save money, pay off debt, or simply gain a better understanding of your financial habits, it’s essential to keep a close eye on your spending. This article explores five essential strategies to help you track...

Many individuals are aware of their capacity to impact the world to make it a better place through giving. Philanthropy and charitable giving provide a platform for them to affect positive change beyond wealth accumulation. Charitable...

  For those who didn’t know, Charlie Munger passed away at the age of 99 about a week ago.  Known for his wisdom and many quips (think the Yogi Berra of investing), Charlie was more than just Warren...

As the end of the year approaches, investors need to focus on tax-related considerations, particularly regarding capital gains. Year-end tax planning can help investors manage their overall tax liability while seeking to manage...

Life today is expensive, and contributing to a retirement plan is more beneficial than ever. Recently, the IRS announced it was raising the contribution limit for 401(k)s to $23,000 for 2024, up from $22,500. In a world where pensions...

A list of things to consider as you think about year-end charitable donations With its family traditions and festive celebrations, the holiday season is the most wonderful time of the year. And according to GivingTuesday.org, the...

Investing your money is a great way to prepare for retirement and help your financial goals. While investing is vital for smart saving, not all investments are on the up and up. While there is always some degree of risk when investing...

As the year’s end approaches you must prepare for one of the most critical monetary tasks: year-end tax planning. Due to the nature of their holdings and dynamic financial situation, individuals often grapple with complex tax...

It is a special person who becomes a healthcare professional. They are nurturing, kind, and generous with their time and patience. Every day they go to work and care for another person’s needs. Over the past couple of years, with...

As more and more consumers search for financial information on the Internet, they may inadvertently leave themselves open to being “tracked” by certain companies and individuals. Visitors to financial websites have created...

Those who receive an inheritance with the passing of a loved one are potentially given the gift of financial freedom if they choose to manage the wealth carefully. Did you know that only about one-third of adults have a prepared will,...

Today’s market piece will be a bit of a mashup of the two topics. I’ve spent the better part of a week considering what topic I would like to write about today. Topics considered were interest rates, inflation, earnings,...

You often hear people discuss "saving for retirement,” but in many cases, they're actually referring to their investing. The adage "you can't save your way to wealth" is simplistic, but has a kernel of truth; putting your money...

You have probably heard about financial planning and its potential benefits, but you are unsure how to apply the principles to your life. A financial plan is a collection of steps that help you to evaluate your financial condition and...

Custodial accounts differ from other types of accounts in that an individual controls the account for the benefit of a minor, who is the beneficiary. It's important to note that the individual managing the custodial account acts as a...

From unemployment to a sudden health crisis to a crippling accident, being financially prepared for life's many challenges may smooth the road ahead. Whether you are just starting out or have been working toward financial health for...

Credit can be a scary subject to approach, whether or not you want to jump into it isn’t an option in most cases; credit determines a lot, but it can also be a great financial tool when used properly. When your credit score is...

Saving for retirement is important for all ages, the key is to start early Land a great new job? Awesome. Now is the perfect time to think about your 401(k) and retirement plan, whether you had one before or not. Saving for retirement...

Planning for marriage should involve more than just picking out invitations and deciding whether you should serve chicken or fish at the reception. More importantly, you'll want to take a look at how marriage will impact your financial...

Though you won't be able to ride along in your child's suitcase, there are ways you can help him or her make the adjustment to college. You can start by talking with your child about certain subjects before he or she leaves for college...

Money concerns can be overwhelming to the point that they affect other aspects of your life, including your mental and physical well-being. However, there are various strategies you can use to help you better manage and alleviate this...

Investing for your retirement isn't about getting rich quick. More often, it's about having a game plan that you can live with over a long time. You wouldn't expect to be able to play the piano without learning the basics and...

Do you know the answer if your financial professional asks you what type of investor you are? While it may be challenging to classify yourself off the top of your head, knowing what type of investor you are might help you avoid making...

This is the start of a multi-part series covering what I would consider “The Basics of Estate Planning.”  As Financial Advisors, we wear many hats as we help our clients navigate their Wealth Management Journey. ...

A chatbot with uncanny human-like writing abilities has become the poster child for artificial intelligence (AI) since it was released in late 2022, inspiring new levels of attention, excitement, and concern about recent advances in...

The first half of 2023 is officially “in the books” as they say and we believe there’s value in reflecting on the months gone by and taking stock of what transpired.  I think it’s fair to say that for the...

The crude oil and natural gas industry has faced significant challenges since the COVID pandemic, including supply disruptions, price volatility, and rapid inflation. However, heavy cash flow for oil and gas companies has led to a...

Setting Financial Goals and Creating a Plan: Pursuing Financial SuccessFinancial wellness is a term that refers to the overall health and well-being of an individual's finances. In order to work toward financial wellness, it is...

While it may seem that fishing and investing are completely unrelated, believe it or not, there are some characteristics that make a person good at fishing that can also transfer to investing. Here are six fishing lessons you can apply...

June is National Homeownership Month, which seems particularly apt this year. With home prices rising to unprecedented levels and multiple offers becoming commonplace in residential transactions, it seems that everyone is...

College is expensive for many people. The average tuition and fees at a college or university for the 2021 to 2022 academic year at a four-year institution was $10,740. This may include the cost of tuition, books, and housing. For some...

We’ve all seen them on Facebook—majestic photos of friends and family, their faces flushed with a healthy glow, at the top of what appears to be a mountain peak with a spectacular view. Pictures like this make the activity...

If you're thinking about opening a 529 account, or if you've already opened one, you might be wondering how 529 funds will affect your child's financial aid eligibility. A general word about financial aid-The financial aid process is all...

Running a business requires gaining expertise in many things over a short period—especially financial matters. If finances do not come naturally to you, you may quickly feel like you are in over your head. Fortunately, mastering...

Navigating elder care and elder care finances in the U.S. can be a challenge even for the most well-prepared households. So what, exactly, is involved in senior financial planning? What steps can you take now to help you be prepared...

May the Fourth Be With You! A long time ago, in a galaxy far, far away, Star Wars was born. Over the years, the movies have evolved into an "epic space opera" with a fan base that circles the globe. What makes the Star...

Targeted scams have become even more popular with the amount of personal information readily available on the internet. Social Security recipients are, unfortunately, targeted by some of the most sophisticated scam artists out there....

Money can be a confusing and unapproachable topic for adults, let alone for kids. The key is to teach children about money early so that they can develop a healthy relationship with it.Here are the best ways to give children a glimpse...

Unlike verbal literacy, financial literacy isn't often taught in schools—which means that many people may enter adulthood without having all the tools they need to make informed and effective financial decisions.[1] Fortunately,...

If you saved for retirement for a while, you might look forward to a break from financial responsibility for the remaining portion of your life. But striving for economic betterment should not end when you hit retirement. You may...

April is National Social Security Month. For many Americans, social security is the primary or maybe even the only source of income they receive in retirement. As we work with our clients to plan for retirement an important part of the...

Baseball and financial management can have more in common than meets the eye. Below, we discuss four key lessons that investors—and everyone else—can learn from America's favorite pastime. Diversification of Assets is...

Financial markets were shaken last week as Silicon Valley Bank (SVB), the California bank subsidiary of SVB Financial Group (SIVB), fell into FDIC receivership. SVB is the first FDIC-insured institution to fail since 2020 and the...

It will take some time, but the FDIC was designed for moments like thisThe FDIC-seizure of Silicon Valley Bank is the second-largest US bank failure in history as it held $209 billion in assets at the time of its collapse. Even after...

Unique health and caregiving worries and an industry that doesn’t listen wellWomen have special concerns about financial security that financial advisors need to address. For one thing, they tend to live longer than men, so they...

There’s a parable of a farmer and his neighbor named “Mr. Market”.   Warren Buffett is credited with the origins of this story in a letter he wrote in 1987 to Berkshire Hathaway shareholders but he only...

If you're like many Americans, you may have a few dents and dings on your credit report. As of 2023, around one in five adults has either a "fair" or "poor" credit score, which can impact their ability to qualify for a loan, rent an...

We all want more money, and many of us would like to work less, as well. This may seem like a dilemma, yet there is a solution. One way to increase money without working is to avoid spending it in the first place. Some people call this...

Setting Financial Goals and Creating a Plan: Pursuing Financial SuccessFinancial wellness is a term that refers to the overall health and well-being of an individual's finances. In order to work toward financial wellness, it is...

With the signing of the Omnibus Appropriations package into law, both employees and employers can take advantage of more than 90 new provisions aimed at creating opportunities to create or modify workplace retirement plans and...

Ah, Money. The word leaves you with a positive or a negative feeling when you hear it. The feeling we get from money, and investing, has deep roots inside our emotions, although we may not understand why. Behavioral science explains...

While there is no one-size fits all, avoiding these mistakes is a good startA lot of 401(k) investors end up making the same mistakes when choosing their investments. The results are low returns and unbalanced portfolios. Avoiding...

Normal retirement age used to be 65, but things are way different todayYou might be thinking about retiring, but how do you know when you are really ready for it, mentally and financially? For decades, the normal retirement age was 65....

New findings from the New York Federal Reserve reveal that millennials have now racked up over US$1 trillion of debt.This troubling amount of debt, an increase of over 22 percent in just five years, is more than any other generation in...

What is shifting income and tax liability?Income shifting (also known as income splitting) may be defined as dividing income among taxpayers in a way that lowers the overall tax burden imposed on the income. Typically, income is...

That’s a heck of a dramatic subject line, “Life Altering Technology”, but it’s something I feel people should be informed.  I’d love feedback on this piece so if you’ve already heard of this...

Financial stress can have a direct negative impact on a person's health and happiness. Unfortunately, this may lead to a downward spiral. The more stress you're feeling, the larger your financial hurdles may seem, and the more you...

If the end of the year has you in planning mode, you’re not alone—starting a new year may be a great opportunity for a review and renewal. What steps might you take for next year? Review Asset AllocationsMost...

At the end of the year, it is necessary to reflect on your financial picture, review the last 12 months, and plan for the future. With all that is involved, it can seem overwhelming. Consider breaking up the responsibilities over...

Part of the joy of making money and building wealth is not solely the aim to live a flexible life of convenience; it is also giving to those we love. Typically when we think of passing down money to loved ones, it is through a will...

Communicating openly can help everyone prepare and plan for the futureMany parents may find it uncomfortable, or even believe it is unnecessary, to inform their children about personal finance matters. Yet, communicating openly with...

Through charitable giving, you can support causes or organizations you believe in and lock in tax benefits simultaneously. Whether you’re new to charitable giving or a veteran, there are several strategies you should keep in mind...

What are appropriate checklists for year-end tax planning?Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different...

Tips for being proactive in safeguarding your identity and your credit scoreIdentity theft is a serious crime, with increasingly greater numbers of consumers being affected every year. As part of a protection strategy, the Federal...

“I’m trying to eat healthy food” is a phrase said by many but implemented by few because of budget restraints. Grocery shopping for healthy foods, or what you perceive to be healthy foods, can get expensive very...

Investing can be a roller coaster—and, when the market starts dropping, it may even feel more like a haunted house. With recession fears mounting, what can investors do to stay the course and escape unscathed? Here we discuss...

The most important tip of all? Hire a financial advisor.Investing can be stressful, but it doesn’t have to be. If you have a portfolio that was built for you and use the help of a financial advisor, you shouldn’t be too...

High Net-Worth executives and those that have been self-employed, can experience common problems in their financial planning journey. Often, they have missed opportunities in their financial planning because they haven’t planned...

More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet,...

Making it Easy to Make A DifferenceAmericans donate billions to charity annually. If you give to charity, you need to know about one of the best tools to facilitate generosity: Donor-Advised Funds (DAFs).DAFs date from the 1930s but...

A surprising two out of every three American adults do not have any kind of written estate plan.1 For adults who also serve as family caregivers, not having a plan in place can pose major risks for them and their entire...

You're about to receive a distribution from your 401(k) plan, and you're considering a rollover to a traditional IRA. While these transactions are normally straightforward and trouble-free, there are some pitfalls you'll want to avoid...

In Mid-August my wife and I took our four kids on our first full-fledged family road trip. From Casper to Arches National Park from there to Zion National Park from there to Coronado Island to Sequoia National Park to Yosemite National...

Are you a football fan? Do you analyze the teams, study the plays, rattle off statistics, current and years past? The steps required to plan your financial future are not dissimilar to football. Producing a solid team requires planning...

People often have twice the credit they actually need. Avoid temptation by never charging more than 50% of your total credit limit.Join your company’s retirement plan and try to contribute as much as you can, especially when the...

Many of you already have estate documents, probably executed many years ago. You need an estate attorney to look over your documents every 10 years or so. Here are a dozen points to review. Do you have a will and powers of attorney for...

When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it's time for you to make sure that your child has enough financial knowledge to manage...

Remember the words of Yogi Berra when a company splits its stockThe summer of 2022 could be known as the Summer of Stock Splits, as several high-profile companies have either split their stock or announced their intention to split....

Knowing when it’s the right time to retire can be difficult, especially if you love your job. Even professional athletes have a hard time knowing when to walk away!These athletes thought they were ready for retirement but...

Anchor your financial planning on how long your money needs to lastHow long do you think you will live? How long does your money need to last? If you’re like most people, you get this age wrong.The consequence? Faulty retirement...

When you're first starting out with your own business, you're likely to be focused more on staying afloat than on contingency planning. But as your family business expands and grows, it's important to ensure that this is done in a...

As the calendar has turned to July, investors would certainly like to forget the first six months of 2022. However, the Fourth of July Independence Day holiday does bring with it reason for celebration. Not only is it the 246th...

Teaching your kids now may be the best gift that you ever give them.A four- or five-year-old child may seem too young to grasp the concept of money management, but even at an early age, children waiting in a supermarket checkout line...

Save and Invest. When your children are grown and leave home, you are released from being the financial “provider”: No more bills for everything from food and clothes to visits to the dentist. Along with this...

The sandwich generation is a term commonly used to describe those between the ages of 40 and 59 who are responsible for raising their family and are also often helping their aging parents manage their ongoing needs. Those members of...

You don't need to wait until the end of the year to look for ways to minimize your tax liability. Tax planning should take place throughout the year to have you prepared well ahead of tax season. Here are six ways to minimize your tax...

I have seen my share of client-drafted wills. While most people opt to have a lawyer draft their last will and testament, there is no requirement that an attorney do so. If you do opt to draft your own will, make sure to avoid the...

It’s been an interesting time in our business.  First, the establishment of our new firm which also came at an interesting time in the Market.  All I’ll say about the new business is a big Thank You to every...

When was the last time you evaluated your homeowners insurance? Have your needs changed since you initially purchased your homeowners policy? If so, there may be gaps in your insurance coverage. For example, you may have acquired...

While there is no one-size fits all, avoiding these mistakes is a good start A lot of 401(k) investors end up making the same mistakes when choosing their investments. The results are low returns and unbalanced portfolios. Avoiding...

Making sure your investments help you work towards your true life goals Too often during uncertain times, we inadvertently compare ourselves to the people around us – and that may lead us to make financial mistakes. In his book...

Parenthood can be both wonderfully rewarding and frighteningly challenging. Children give gifts only a parent can understand — from sticky-finger hugs to heartfelt pleas to tag along on Saturday morning errands. You raise them...

Celebrated on the fifth day of May, Cinco de Mayo is an increasingly popular holiday that honors the Mexican Army's victory in the Franco-Mexican War. The date is sometimes referred to as the Battle of Puebla Day, which the...

Market timing is a “strategy” of deciding when to buy and sell stocks by attempting to predict which way and when stocks will move. Let’s look at an example and the data to determine why market timing is unwise....

And for all adults to put into practice too I was walking with a friend and his 6-year old daughter and we stopped by an ATM on the way to lunch. As my friend was getting some cash, I couldn’t help but notice the confused look on...

As we approach tax day 2022, you may be expecting to receive a tax refund. While you may have a temptation to spend your tax return, other options may be more beneficial to your financial situation.