I Can't Wait to Pay My Mortgage Off! financial planning for attorneys financial planning for retirement Apr 24, 2020

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:

Continue Reading...
529 College Savings Plans Just Got Better! financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Apr 22, 2020

 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 no federal taxation for the be...

Continue Reading...
What is a Stretch IRA? financial planning for retirement Apr 22, 2020

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 during this time. 

This...

Continue Reading...
What is an IRA? financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Apr 21, 2020

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?

An IRA is Technically an Acc...

Continue Reading...
 
Your Emergency Fund financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Apr 20, 2020

by Jonathan G. Cameron, CFP®

Your emergency fund is foundational to any financial planning. Here I discuss what it is (and what it is not), why you need to have one, and how much should be in it. 

At the Margin 

An economics professor once said that if you fall asleep in class and he calls on you...

Continue Reading...
 
Insurance Frequently Asked Questions financial planning for entrepreneurs financial planning for retirement financial planning for young professionals mid-life financial planning Apr 19, 2020

Glenn J. Downing, MBA, CFP®

What kinds of insurance do you offer?

We broker life insurance, disability income insurance, and long-term care insurance. In obtaining Insurance coverage for our clients, We shop the market for the most suitable product at the best price.

Can I get auto or homeowners ...

Continue Reading...
 
Why Should I Pay a Fee for Financial Advice? 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®

From time to time I’m asked, Glenn: there are plenty of financial guys out there. They’ll do financial planning for free. So why should I pay you guys?

Good question, and not unexpected in these days of free resources online.  To answer it, let me give you a little b...

Continue Reading...
 
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 you?

...
Continue Reading...
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 the financial freedom...

Continue Reading...
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 Spending Accounts (FSAs)

A flexible ...

Continue Reading...
 
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!  I'll have to deny myself!  Life will become...

Continue Reading...
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 the changes in ou...

Continue Reading...