The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act builds on the previously passed SECURE Act of 2019 and contains 92 new provisions promoting retirement savings, offering more retirement account flexibility and incentivizes businesses as it relates to offering retirement plans.

If a gallon of milk cost you $2.50 in 2018 and costs $3.00 today, that’s inflation at work. If you got a promotion at work and now buy grass fed, organic goat’s milk that costs $7/gallon, that’s lifestyle creep.

You may have noticed in yourself or others that many goals can go unreached until the right motivation is present. This is no different for your financial life. If you want to make better money choices, you need the right motivation.

As we approach the holidays, it is a time for giving. The month of December has been named ‘National Giving Month’. Under the new tax law enacted in 2018, your charitable contributions may no longer be helping lower your taxes. By using a Donor Advised Fund, however, you may once again be able to get a tax benefit for your donations.

November is the biggest month for benefits elections. While it’s easy to simply gloss over the choices your company offers, we encourage you take a deeper look. You might just save thousands in insurance premiums, be able to lower your tax bill or better protect yourself or your family. Below are our suggestions for the most valuable or often overlooked components in electing your benefits this year.

C’mon admit it – you have a guilty pleasure.   You don’t need to be embarrassed; we all have them.  There is nothing wrong with having them.  In fact, as long as they are within reason, we encourage them as life is about relationships and experiences and sometimes a guilty pleasure is just what the doctor ordered.

It’s fascinating to hear the answers to this question when posed to those who have been investing for at least a few decades. Without skipping a beat, most people say that their home has been their best investment.

It’s difficult to ‘unretire’. Before you turn in your resignation, here are some things you should consider.

There are many factors involved in calculating how much you should be saving, but here’s a quick guide to help determine if you’re on track.

I’m going to let you in on a secret in the money management world. Most advisors’ income is solely dependent on the dollars inside the investment accounts under their watch, which means they are laser focused on growing their ‘assets under management’

Retirement is a 2-sided equation.  Savings balances are important, but retirement readiness is also, and equally, a function of spending.

The fact is, most folks can’t or won’t find the time to dig in and really make sure they have their financial ducks in a row.

Whether or not to accelerate mortgage payoff is a question that crosses most homeowner’s mind at some point. It’s especially top of mind this time of year as you gather the documents to file your taxes and see how much you paid in interest last year on your mortgage. As I discussed this with a client recently, I thought it might be interesting to share my thoughts with you as well.

Whether you make $40,000 or $400,000/year, prudently managing your cashflow is the single most important financial thing you can do. You know you should live within your means, but why is it so difficult? Learn how we help our clients finally gain control of their income/spending, while saving them time and stress along the way. 

Sometimes we put off important things that aren't urgent. Financial planning should be moved up your list. 

Do you feel guilty any time you spend money? You don't have to live this way. 

When you graduated from college, do you remember when old 'friends' who had gotten jobs with insurance companies began trying to set up lunch to 'catch up' with you all of the sudden?

If you understand your "why" and reframe the idea of ‘retirement’, financial independence can be closer than you think.

As a physician, your sole focus in your twenties (and likely into your thirties) was learning your craft--undergrad, med school, internships, fellowships, post docs, etc. You’ve given up countless hours with your nose in books and days on end at the hospital to become a physician. Now that you’re an attending doctor (or close to it), you’re hoping that the hard work will pay off for you financially. Unfortunately, though, many physicians fall prey to traps that will hinder them from flourishing financially once their income finally rises.

Most people think of a financial planner as someone that helps you with investments. A true financial planner, however, is uniquely trained to help understand your complete financial picture.