by Jonathan G. Cameron, CFP®
1. Create a budget.
If this sounds too obvious, I’ll say it again for reinforcement – are you maintaining a budget? Seriously. Miami is one of the flashiest cities in the world. If you don’t have a budget I’ll put it another way...
by Jonathan G. Cameron, CFP®
Congratulations! You've read Your First Home Purchase Part I and Part II and taken the advice to heart. Now you’re a first-time home owner in Miami, FL and you’re settling into your new place. The first year of home ownership brings many...
by Jonathan G. Cameron, CFP®
A first home purchase is a big financial commitment. Not only are you taking on a mortgage, but you often need to deplete cash reserves to come up with the down payment. But what if you don’t have enough socked away for a down payment? or what if you...
By Glenn J. Downing, MBA, CFP®
With this blog post I’m beginning a two-part series about retirement savings plans available to the small business owner. Earlier Jonathan wrote about the Traditional IRA and the Roth IRA. In this piece I’m going to explain the Simplified...
By Glenn J. Downing, MBA, CFP®
Last year (2019) I watched the entire Upstairs Downstairs series on Britbox. Easily sixty episodes in all. My viewing interests are usually limited to either WWII or British crime stories, so this was a bit of a departure for me, and one I thoroughly enjoyed. As...
by Jonathan G. Cameron, CFP®
When I originally wrote this, the Carolinas were experiencing the worst of Hurricane Florence. As a native Floridian I've ridden out half a dozen hurricanes myself . The aftermath of a hurricane is not only about the damage to life and property, but for...
by Jonathan G. Cameron, CFP®
A few months ago I heard Susan Bradley from the Sudden Money® Institute say something quite profound regarding our relationship with money and financial windfalls:
When life changes, money changes.
When money changes, life changes.
The order in which...
By Glenn J. Downing, MBA, CFP®
Usually when we think of estate planning we have in mind the orderly transition of assets at death. Death is something that you have a 100% chance of experiencing – we just don’t know when. Tomorrow isn’t promised to us – and neither is...
By Glenn J. Downing, MBA, CFP®
Should I Pay my Mortgage Off Early? This is actually a FAQ – a frequently asked question, so I thought I’d spend a little time on it here. Some other mortgage-related topics we’ve addressed are these:
By Glenn J. Downing, MBA, CFP®
529 College Savings accounts just got better!
A 529 college savings account is one in which money is invested for a beneficiary’s future college expenses. The account grows without taxation, and funds are eventually distributed with...
by Glenn J. Downing, MBA, CFP®
The Secure Act of 2019 changed the rules for non-spouse beneficiaries of inherited IRAs. The rules now are simply that the beneficiary of such an IRA has 10 years to distribute it in its entirety. Required minimum distributions are necessary...
by Jonathan G. Cameron, CFP®
Here is something we hear on occasion at CameronDowning: “I’m not sure an IRA is for me. I hear it may be too risky.” The problem with this statement is that an IRA, or Individual Retirement Account, is not an investment. So what is an IRA?
