By Glenn J. Downing, MBA, CFP®
The SIMPLE IRA is the Savings Incentive Match Plan for Employees. The SIMPLE allows for both employer contributions and employee deferrals. The plan is deal for employers who want to contribute something – but not a lot – to employee retirement...
by Jonathan G. Cameron, CFP®
Young professionals are expected to accomplish a lot early in life. You’re beginning to make real money. Time to get sound financial advice to establish a good foundation from someone you trust. The problem is most financial advisors focus primarily on...
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 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®
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 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...
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...
