Long-Term Planning

Retirement has long been perceived as a destination—an endpoint after years of work and saving. However, a paradigm shift is underway, highlighting retirement as more than just a static goal. It is now recognized as a dynamic phase of life, full of possibilities, personal growth, and ongoing financial considerations.

Imposter scams are increasing and were the most reported fraud in 2021, costing victims roughly $2.6 billion, according to the Federal Trade Commission. Imposter scams generally start with an unsolicited phone call, email, text or social media message from someone impersonating people or organizations that you would ordinarily trust.

Negativity bias, a cognitive phenomenon where negative experiences have a greater impact on our thoughts and emotions than positive ones, plays a significant role in influencing human behavior, including financial decision-making. This article explores how negativity bias can affect individuals' financial choices, leading to suboptimal outcomes and potential long-term consequences.

In today's society, it's easy to get caught up in the desire for more. As our incomes increase, so do our aspirations for a better lifestyle. However, if not managed carefully, this phenomenon known as "lifestyle creep" can lead to significant financial problems. In this article, we explore what lifestyle creep is and how it can impact your long-term financial well-being.

Inflation is an economic phenomenon that affects the purchasing power of money over time. As prices rise, the value of each unit of currency diminishes, eroding the real worth of your savings and investments. Understanding the impact of inflation on your finances is crucial for maintaining and growing your wealth.

As you approach retirement age, it's essential to start thinking about your financial security. One critical factor that can impact your retirement is debt. It's crucial to prioritize paying down debt before you retire to ensure a comfortable and stress-free retirement.

Here are some reasons why paying down debt before retirement is important:

In our client meetings, the term “wealth” is often tossed around somewhat loosely. We talk about building wealth, managing wealth, enhancing wealth, and preserving wealth as if the concepts are universally understood. But what exactly is wealth? It’s such a vague term that every person has a slightly different meaning.

Understanding how your savings can work for you is an important part of creating your financial future. If you’re curious about personal finance and want to learn more, here are some common questions we hear from new clients.

If you're looking for a way to save more for retirement than what traditional 401(k) or IRA accounts allow, a mega backdoor Roth might be worth considering. This is a strategy that enables individuals to contribute significantly more after-tax dollars to their retirement accounts than they would be able to otherwise.

Retirement can sneak up on you.