Life insurance: Do you need it?  

The choices in life insurance policies can be confusing. Life insurance needs vary depending on your situation and it can be hard to know exactly where to start. The real question is do you need life insurance? According to the 2019 Insurance Barometer Study (Life Happens/LIMRA), 40% of those without insurance coverage would have immediate …

Credit score: .25% could cost you thousands

Many people don’t understand the value of a good credit score. It’s more than the prestige of having a high number. It’s your ability to get a car loan, an established credit card and borrow when you’re ready to buy a home. As a consumer and an investor, you want to have access to credit …

What does your investment advisor do all day?

If you think financial advisors spend all day golfing, you need a new advisor. Rendering financial advice is challenging and it takes a competent and intelligent professional (who is supported by a team of competent and intelligent professionals) to do the job right. An advisor cannot stay at the top of their craft by polishing …

Cybersecurity: fraud prevention tips for your money

We all use an abundance of electronic devices to share, transmit and store personal data. Some of the information our devices collect and share about us is harmless – such as how many steps you’ve taken today. On the other hand, we also have more critical data, like credit card and banking information, which would …

Separate finances? How to combine when getting married

Issues related to money can be troubling and detrimental in many relationships, but many of the conflicts arising from money issues are avoidable if you address them effectively. Consider the items below as our suggested “to‑do list” as you or someone you know is starting to merge separate finances and while preparing for a future …

How to pay down debt, pursue financial freedom

The first step in pursuing financial freedom is getting your financial house in order and the first room to tackle is debt. Oftentimes with debt, you get very unfavorable interest rates. Credit card companies charge so much that it’s virtually impossible to make more money anywhere else. I can’t remember a situation where the first …

The dangers of generic money advice

Everyday we’re inundated with messages from the media about how to invest, how to save and what to do with our money. But is that advice best for your financial situation? Keep in mind, the media creates stories to get your attention so you’ll stay tuned through commercials or see ads online. All that glitters …

Millennials’ money habits

I think about Millennials all the time. I spend time reading and researching what they buy, how they spend and where they save. The reason to obsess over Millennial habits is to better understand the future direction of our economy here in the United States. Granted, the ability of Millennials to save and invest is …

The cost of parenting: kids vs adult children

Expecting parents walk into our office all the time consumed with the cost of raising their unborn child. They often ask how soon they can open up their college funding 529 account, and the best way to put money away each month. With each successive government report releasing data on total student loan indebtedness (now …

3 Steps to review your finances yearly

As we approach the holidays, this is the ideal time to reflect on your 2018 finances as well as create a focus for 2019. Reviewing how you performed financially this year can help you gain a greater understanding of what needs to happen for your finances in the year ahead. Cash flow This is the …