In this episode of Finance In A Flash we discuss a simple, yet popular question; “Should I buy dividend-paying stocks to supplement my income?” The answer to this question varies on a person-by-person basis, but for most, the answer is a resounding no. Let us explain on this podcast!
Read MoreRevocable living trusts can be an effective estate planning tool. However, many don’t fully understand the benefits and limitations of this type of trust. This article explains practical uses and helps you decide if a revocable living trust is a good option for you.
Read MoreOn this episode of Finance In A Flash Nick & Chip discuss Financial Jargon. They break down common words used in the finance industry, that people may have heard before, but don’t actually know what they mean! They go over terms such as asset allocation, stocks, risk tolerance, personal brokerage accounts, and market capitalization just to name a few!
Read MoreIt’s March Madness and we are very excited to host a live webinar on March 30th at 12PM EST! We will have a special guest speaker, Moulaye “Mou” Niang and you are going to love his story!
Read MoreIn this episode of Finance In A Flash, Nick & Chip discuss the most popular types of investment vehicles in the world, Mutual Funds & ETFs. What are the differences between the two and are there advantages or disadvantages to using them? In addition, they spend a lot of time talking about the tax efficiency of ETFs and how Mutual Funds can be incredibly tax-inefficient at times.
Read MoreRoth IRAs are great savings mechanisms and can be used effectively for retirement and education planning. One of the less publicized advantages to Roth IRAs is that they can be a great estate planning technique when someone wants to pass along as much as possible to their heirs.
Read MoreIn this episode of Finance In A Flash, we discuss our education planning philosophy, as well as details of a 529 Education Plan.
This week we tackle a very important and popular question people are asking: "Is there a bubble in stocks or the stock market?" We also discuss various strategies you should take and questions you should ask yourself when feeling uncertain about the future of the stock market.
Read MoreMany financial planning objectives can be accomplished through the utilization of trusts. Here are several of the most common types of trusts and a brief overview of their purpose…
Read MoreIn this episode of Finance In A Flash, Nick & Chip discuss the story of Gamestop and how it has captivated the world over the past week. Thanks to a Reddit thread pointing out that a large hedge fund had a massive short position on Gamestop, the stock price rose almost 2,000% within a week! We break down how this happened and the important lessons everyone should take away from these recent events.
Read MoreWhen it comes to taking account distributions in retirement, which account is best - IRAs, Roth IRAs, Brokerage accounts or 401k plans? Also, are there tax strategies that could be employed now to minimize taxes in the future?
Read MoreThe Consolidated Appropriations Act (CAA) offers many tax provisions to assist in the ongoing economic crisis. Many of the provisions affect not only the 2020 tax return but into future years as well.
Read MoreWelcome back to Finance In A Flash, this week we bring back our investment expert, Chip Hymiller to discuss Target Date Funds. We have a detailed discussion about Target Date Funds, the pros and cons of having them in your portfolio, and what to consider when choosing this type of investment.
Read MoreHave you decided to retire in 2021? If so, congratulations—it’s a big step and for most, it’s a once in a lifetime decision. Even if you’ve planned ahead, you may still be a little apprehensive about this monumental life transition. Here are a few last minute things to consider or confirm as you embark on this new and wonderful journey.
Read MoreI don’t think any of us realized how many things in our life that we take for granted—that is not until 2020. Boy oh boy, there have been some seismic changes in our world! For the most part, every aspect of daily life has been altered for many households.
Read MoreOn this episode of Finance In A Flash, Nick & Erin discuss pension plans. Not many people have Pensions anymore, but we do see a fair amount in the federal and state retirement system as well as some holdovers from private companies. We are going to go over topics such as Annuity Style vs. Lump-sum pension, Survivor Options as it relates to pensions, and we also discuss leaving pensions to your spouse.
Read MoreWhat do we think about when doing a Retirement projection? Someone walks into our office and says to us"I want to retire" or "I want to prepare for retirement", what do we do from there? In this episode of Finance In A Flash, Erin Campbell joins Nick Faulkner to walks us through this process and discuss the details of how we prepare a retirement plan.
Read MoreWouldn’t it be awesome if you could invest your money and earn a consistent 0.85% every month (10.25% each year)? Unfortunately, the fact of the matter is that stocks often move in abrupt bursts. These bursts of volatility can lead to high stress, doubts, or even unrealistic return expectations.
Read MoreOn this episode of Finance In A Flash, Nick & Erin discuss a very important topic in the Financial Planning world: Debt. They discuss a variety of questions such as; What is considered good debt or bad debt? Which type of debt should you pay off first? When you should look at refinancing your home, and much more!
Read MoreIn today’s connected world, headline risk is everywhere! As harmless as headline risk may seem, it can represent a huge deterrent in making progress towards long term financial goals.
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