The “sandwich generation”: Financially stuck in the middle

Posted by & filed under Financial Planning.

The “sandwich generation”: Those Americans thrust into the precarious position of financially juggling young children and elderly parents. Lots of older Millennials and Gen-Xers are finding themselves in this bucket, with plenty more being thrown into the mix each year. Grappling with the daily responsibility tug-of-war can be a real emotional struggle. Figuring out how Read More

Pre-holidays financial wellness tidy up guide

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Believe it or not, the holidays are right around the corner. We all know how the end of every year tends to go – in a frenzied sprint, leaving most non-holiday related tasks shelved until January.   How about getting your personal finances buttoned up now, before all the hustle and bustle? Then you can Read More

“Can I buy my boat?” – The splurge question

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The splurge question comes my way quite often. Not always about a boat of course. Sometimes it’s a luxury car, a home renovation, the vacation of a lifetime, a second property, a shopping spree, or something else entirely. When clients ask me if they can afford to splurge on something, I always give the same Read More

Saving for your fun goals

Posted by & filed under Budgeting, Financial Planning.

We all have fun goals we dream about: traveling to a new destination, checking off a bucket list item, purchasing something extravagant, or going all out for a special occasion. Like any other financial goal, turning these kinds of dreams into reality requires steady, consistent financial planning. By implementing effective money-saving strategies, you can make Read More

Healthcare budgeting with Health Savings Accounts (HSAs)

Posted by & filed under Budgeting, Financial Planning.

Managing your medical expenses effectively in today’s ever-evolving healthcare landscape is crucial. Healthcare costs continue to climb as an ailing and aging American population drives demand for services. Robust health insurance plans with reasonable monthly premiums are becoming increasingly hard to come by, particularly for small business workers and self-employed professionals. Many people are signing Read More

Backdoor Roth conversion: Is it the right move for you?

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Ever wondered about the mysterious backdoor Roth conversion? While seemingly complex, this retirement savings strategy can be quite useful if you fall into a specific bucket of savers. Let’s demystify the process. How does a backdoor Roth conversion work? The backdoor Roth conversion allows high earning individuals the opportunity to contribute to a Roth IRA, Read More

Savings buckets: Knowing where to put your money

Posted by & filed under Financial Planning, Retirement.

There are plenty of moving pieces to a person’s financial picture, which makes saving for future goals an ever-evolving task. Remember that consistent saving is key to making any financial dream a reality. Earmarking funds for specific savings buckets is a great way to stay motivated. Two goals fall into the must-save-for-first category: retirement and Read More