Financial Planning Frequently Asked Questions financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Apr 18, 2020

by Glenn J. Downing, MBA, CFP®

Why do financial planning?

Short answer: because no one can hit a moving target. The financial plan informs all financial decisions: how to invest, what to save and where, and what insurance should I purchase or drop.

What should I expect when I come in to see...

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Five Steps to Getting Financially Organized Before Retirement financial planning for retirement Apr 17, 2020

by Jonathan G. Cameron, CFP®

Getting financially organized before retirement can be a daunting task. There are many unknowns and it can be hard to know where to begin. For that same reason people often wait too long to address retirement needs and, unfortunately, don’t achieve...

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Healthcare Flexible Spending Account financial planning for attorneys financial planning for young professionals Apr 16, 2020

by Glenn J. Downing, MBA, CFP®

Do you have a Flexible Spending Account available to you through work?  These can offer tremendous tax savings.  As you do your research, note that FSAs are of two sorts:  The Healthcare FSA and the Dependent Care FSA.  

Flexible...

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A Fresh Perspective on the Budget financial planning for entrepreneurs financial planning for young professionals Apr 16, 2020

by Jonathan G. Cameron, CFP®

All financial planning begins with cash flow planning – your budget, in other words.  Sometimes people recoil from that word - budget.  To them the word is fraught with negative connotation:  I can't spend!  Not in my budget! ...

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The Advice Industry financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Apr 10, 2020

by Glenn J. Downing, MBA, CFP®

In this post I’d like to give a little history and background on the advice industry. It may not grab you right off as being the most compelling reading, but please stick with it. I have some valuable points to develop.  In Part II I go into some of...

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2 Things You Need to Know About the Roth IRA financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Apr 10, 2020

by Jonathan G. Cameron, CFP®

One of the most popular ways to save for retirement is in a Roth Individual Retirement Account.  Roth IRAs was first made available in 1997, after they were championed by former Senator William V. Roth of Delaware.

What is a Roth IRA?

Tax-wise, a Roth IRA is...

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Have Your Cake and Eat it Too: Income Opportunities in Charitable Giving financial planning for attorneys financial planning for retirement Apr 09, 2020

by Glenn J. Downing, MBA, CFP®

The IRS tax code sets forth rules and regulations under which US taxpayers remit monies to the federal government. Our taxes, along with borrowing, supply the US government with its operating funds. The tax code also encourages certain behaviors, and discourages...

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Financial Planning for Millennials financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Apr 09, 2020

by Jonathan G. Cameron, CFP®

As a Millennial, you are in a unique position to start strong when it comes to your money. Financial planning for millennials looks very different than planning done for Baby Boomers, and requires special attention.

Top 3 Financial Priorities for Millennials

  • How...
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Student Loan Stress financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Apr 08, 2020

by Jonathan G. Cameron, CFP®

According to CNBC, there is more than $1.2 trillion in outstanding student loan debt, owed by 40 million borrowers, who have an average balance of $29,000. * Do you have student loan stress?

Do You Have Student Loan Stress?

Large student loan balances can be...

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Dollar Cost Averaging financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Apr 08, 2020

by Glenn J. Downing, MBA, CFP®

Can I Time the Markets? You can certainly try.  But remember the expression:  one man's ceiling is another man's floor.  
When the stock market becomes volatile, people often wonder, Is this a good time to go in? Or should I sell out? ...

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Investment Frequently Asked Questions financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Apr 06, 2020

Glenn J. Downing, MBA, CFP®

In what should I be invested?

We make no recommendations before completing our due diligence. Only after we have a clear picture of your risk tolerance, income needs, tax situation, time horizon, and cash flow position do we make any investment recommendation.
...

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The 401(K) & Young Investors financial planning for attorneys financial planning for young professionals Apr 03, 2020

by Jonathan G. Cameron, CFP®

Many of my readers participate in an employer's 401k plan.  We get a lot of 401k questions at CameronDowning, so here’s a post with some tips to make the most of this fantastic benefit.

401k Plan Basics

The technical name for the 401k plan is an...

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