While exciting, the idea of a retirement planning process can leave you overwhelmed and with more questions than answers. Perhaps you’ve been saving money for retirement since landing your first big job, or maybe you didn’t even think about retirement until your 50’s. Either way, enlisting the help of a professional financial planner can help […]
How to Start Financial Planning in 8 Steps
Financial planning is an excellent way to build your wealth. Proper coaching from a financial advisor can promote behavior that helps you build your wealth and maximize your retirement assets. That’s important, because today’s breakneck speed of life leaves precious little time to incorporate all the information you need to expertly manage your wealth. Even […]
How to Know if Your Financial Advisor is a Good Fit
Financial advisors are an integral piece of your financial life, and as such, you should choose them with care. Even if you’ve done your homework and choose to work with a fiduciary financial advisor and a retainer based financial planning firm, it’s still important to determine whether the fit is a good one – do […]
Why a Long-Term Relationship with Your Financial Advisor Can Benefit YOU
In my opinion, everybody can benefit from a financial plan, because every aspect of your life has an effect on your finances and your financial future. Your goals, your life circumstances and your personal wishes all have an impact on every area of your financial life.
Who Should Be on Your Financial Planning Team?
As you start your financial planning journey to retirement and beyond, you’ll need to assemble a trusted team of professionals to help you set up and execute your financial plan. Similar to how sports teams employ players with various skillsets, your team will consist of a diverse group of professionals. Each member of your team […]
Fee-Only Wealth Management Vs. Commission-Based Financial Advice: Let’s Compare
When it comes to hiring a financial advisor to help you with retirement planning, you have a myriad of options to choose from. But along with that vast selection comes the difficulty of picking the right advisor for your retirement planning needs. It wouldn’t be an issue if all financial advisors were created equal. But, […]
Getting Ready for Retirement? Here are 4 Things To Do First
Whether you’re in the throes of your career, acclimating to an empty nest or getting ready for retirement, it’s crucial that retirement planning is started sooner rather than later.
Why the Fiduciary Rule Matters to You
At Financial Freedom, we see this scenario often: You have a bit of money saved up that you’d like to put to good use. Perhaps you’re thinking about investing some of it so you can earn more than the measly interest rate that your bank gives you. Add to it a portion of your monthly […]
Your Comprehensive Financial Planning Checklist
Most of us have heard the phrase, “If you fail to plan, you are planning to fail,” which Benjamin Franklin supposedly once said. The proverb especially rings true for a whopping one-third of Americans when it comes to comprehensive financial planning. Whether they have other financial priorities, encounter unexpected emergencies or simply “haven’t gotten around […]
What Is a Fee Only Wealth Management Firm – and 7 Other Common Questions
Financial Freedom is a fee only wealth management firm. This is a huge benefit for any investor, but many don’t know what that means. So, I thought I’d answer this question along with a few other common questions we hear from investors.
Planning for Financial Freedom at Any Phase of Life
Financial planning is an ongoing process – it’s not something you simply set up and never revisit. Planning for financial freedom in retirement takes a well-thought-out strategy and, I believe, a comprehensive financial plan that includes specific goals, steps to reach those goals and smart decisions along the way.
How Estate Planning Fits in a Comprehensive Financial Plan
While “comprehensive financial planning” may not be an every-day term and a concern for everyone, “estate planning” typically is. For the most part, people know what estate planning is, how important it is and what can happen if they don’t have the proper planning in place. But here’s the catch: Estate planning should be a […]