Could another check be headed your way soon? HEROS Act goes to House vote today.


Today the U.S. House of representatives is set to vote on the Health Economic Recovery Omnibus Emergency Solutions (HEROS) Act. This would mark the fifth piece of legislation directly addressing the COVID-19 pandemic and the wake of economic peril its left many in. The bill spans 1800 pages and has an estimated sticker price of roughly $3 trillion.

Continue reading “Could another check be headed your way soon? HEROS Act goes to House vote today.”

Watch Out for These 3 Retirement CARES Withdrawal Mistakes

For retirement withdrawal needs the CARES act may seem to present a unique opportunity, but its important to watch out for potential mistakes.

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What the CARES Act allows: up to $100,000 in total withdrawals from retirement accounts (IRA, 401k or other tax-deferred account types) with the 10% penalty waived. In addition, there can be the ability to pay back the funds within 3 years of the distribution to eliminate the tax liability. This all may sound very tempting for you to take advantage of but there are pitfalls to consider before moving forward. Continue reading “Watch Out for These 3 Retirement CARES Withdrawal Mistakes”

Retirement and College Savings Considerations

Wondering how to balance out retirement planning along with college savings goals? We will cover that as well as account types for college savings here!

Balancing Retirement and College Savings Goals

First, lets talk about the balancing act that we all have to consider when it comes to these two lofty goals. The average retirement is now averaging 30+ years due to advances in medicine and longevity. At the same time, the average 4 year degree has a tuition of $129,000! So how do we make sense of funding both of these goals and what should be considered? Continue reading “Retirement and College Savings Considerations”

5 Bad Habits That Kill Your Ability to Become Wealthy

Wealth may be a long term goal of many, but its the small habits that make or break your ability to achieve it.

Wealth: it can mean something different to each person that you speak with but in the context of financial wealth there are make-or-break habits that can often be overlooked. Today we will cover five bad habits that are killing your ability to become wealthy. Continue reading “5 Bad Habits That Kill Your Ability to Become Wealthy”

The 4 Questions to Ask Your Current (or perspective) Advisor

Thinking of hiring a Financial Advisor or looking to evaluate your current relationship? Here are 4 Questions you should ask NOW:

1: Are You A Fiduciary?

Asking an advisor if they are a Fiduciary will give you insight on if they allow any conflicts of interest to interfere with the advice you are getting. The Fiduciary standard will have your interests first as compared to the “know your client/best interest model” of a non-Fiduciary. In a “best interest” model you simply have to receive advice and investment recommendations that are appropriate for you but not necessarily best pricing, liquidity, etc. Continue reading “The 4 Questions to Ask Your Current (or perspective) Advisor”

What is Financial Planning?


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What is Financial Planning? When you hear the term what does it first make you think of? For some it’s maybe a budgeting coach,others it’s a broker who gives investment tips, talk to another person and the term signifies a personal Chief Financial Officer. One of the things that makes for the varied opinions is the open architecture of titles in the financial services industry. Firms use a myriad of titles for the representatives that they employ: Financial Advisor, Investment Consultant, Financial Solutions Advisor, Financial Consultant, Wealth Planner and Wealth Advisor are just a few.One of the most recent topics among the financial planning community is the framework to distinguish a financial planner from a financial services representative. Continue reading “What is Financial Planning?”

Why Your Financial Health Should be Treated Like Your Physical Health


Take your vitamins, get plenty of exercise, eat well, brush your teeth. These are simple tenants of our basic care along with keeping up on an annual physical or any other milestone tests that are recommended for preventative care. As a result, there is a greater likelihood that medical issues can be found and addressed earlier on or prevented all together. So, the big elephant in the room is why aren’t we treating our money in the same way? The same simple concepts can easily be translated into healthy money habits however knowledge is only half the battle and action is needed to make a difference in your financial outcomes. Let’s talk a little about the similarities and what you can do: Continue reading “Why Your Financial Health Should be Treated Like Your Physical Health”

Investment Advice Leaving You Feeling Sold to? Maybe You Are.


Studies show that investors who partner with a professional to plan have less stress, anxiety and overall, they can show to have higher success rates in achieving goals they have set. There are many reasons why this is and we outlined some of them in previous posts such as Why You Should Partner With a Financial Planner (Even if You’re a Pro) as well as Why Your Goals Are the Only Index to Measure Against. But one of the things that can be nagging investors in their relationship is that they feel like they are being sold when they work with their professional, and there can be many reasons for this such as the style of the professional’s delivery. However, one of the bigger topics over the last few years can also answer why things may feel this way: is the professional a fiduciary or not? Continue reading “Investment Advice Leaving You Feeling Sold to? Maybe You Are.”