Don’t Make These 2 Mistakes with Your 457 Plan! financial planning for retirement Jun 18, 2020

By Glenn J. Downing, MBA, CFP®

457 plans are a type of retirement account offered largely to certain governmental employees.  We see them available typically to police officers and fire fighters as an avenue for supplemental retirement savings.  The 457 is a place to accumulate...

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My Top Ten List of Things to Waste Money On financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Jun 05, 2020

By Glenn J. Downing, MBA, CFP®

This is a really personal list.  It is complied from years of observing the human condition and reading good novels.  It is intended to be humorous, yet I’m fully aware that it might hit some raw nerves.  So for the intrepid souls out there,...

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It's All About Guardrails financial planning for attorneys financial planning for retirement May 20, 2020

By Glenn J. Downing, MBA, CFP®

As a financial planner, I work with a lot of couples planning for retirement.  Retirement brings on a sea-change in thinking.  Up until then most people have been in an accumulative stage of money management – saving up against the day they stop...

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6 Options for a Life Policy I No Longer Need financial planning for attorneys financial planning for retirement May 18, 2020

By Glenn J. Downing, MBA, CFP®

A lot of thought goes into planning for the retirement years.  Typically, people like to have the mortgages on their primary residences paid off, to go into retirement clean and with no debt.  This often begs the question; Do I have to keep paying on...

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Long Term Care Insurance Coverage financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 17, 2020

By Glenn J. Downing, MBA, CFP®

This is a big topic and a big part of financial planning for retirement.  The statistic is that by age 75, 75% of us will have needed some long-term care.  So the question is, how can I prepare for this risk financially? 

A principle of risk...

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Health Savings Accounts financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 11, 2020

By Glenn J. Downing, MBA, CFP®

What is the best tax bargain out there? 

Is it the 529 college savings plan?  Let’s see.  That is funding with after tax dollars, but the funds grow without taxation and come out without taxation when used for qualified higher education...

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Annuities Part II:  The Distribution Phase financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 08, 2020

by Glenn J. Downing, MBA, CFP®

As I noted in Part I, an annuity is a complex financial animal.  It can be used as a tool to accumulate funds on a tax-advantaged basis.  It can also be used efficiently to distribute funds in later years, which is my focus here in Part II. ...

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Annuities Part I:  The Accumulation Phase financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 08, 2020

Glenn J. Downing, MBA, CFP®

An annuity is a complex financial animal.  It can be used as a tool to accumulate funds on a tax-advantaged basis.  It can also be used efficiently to distribute funds in later years.  Here in Part I I’m focusing on the accumulation phase....

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Upstairs Downstairs at 165 Eaton Place financial planning for attorneys financial planning for retirement Apr 28, 2020

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...

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Hurricane Financial Preparedness: Top 6 Priorities Before A Storm Hits financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Apr 27, 2020

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...

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Financial Windfalls: Money Changes, Life Changes financial planning for attorneys financial planning for entrepreneurs financial planning for retirement Apr 26, 2020

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...

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Everybody Needs Estate Planning – That Means You! financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Apr 24, 2020

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...

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