Building Your Retirement Pyramid
Key Takeaways A recent Aperion Cares survey found that one third of Millennials thought they could live off $200,000 in retirement. AARP says today, you need about $1.18 million to live off $40,000 a year in retirement. While it may seem daunting, getting to $1.18 million by the time you retire is not hard considering […]
Investing Expectations
Key Takeaways There’s a big difference in what the Millennial generation expects in terms of returns on investment in the stock market versus what their parents, the Boomer generation, expect. Going back over 100 years, the return on investment in the stock market is about 10%. There are three things to keep in mind when […]
The 50% Rule
Key Takeaways If you get a raise or your income increases for some reason, use the 50% Rule to take half of that increased income and save it or pay down debt. Many times when we have an increase in income, we spend it on things we don’t really need. That new increase in money […]
The “Freedom To” Future
Key Takeaways The current generations heading in to retirement no longer like to use that word as it holds a negative connotation, instead, think of that life transition as freedom from to freedom to. The Millennial generation has a different outlook from previous generations in terms of how they want their life to look and […]
Tax Planning – Not Just for the Wealthy
Key Takeaways While taxes may be certain in life, there are tax advantage strategies that can help lessen the toll taxes can take on your money. There are three tax advantage benefits to look for when we talk about tax planning: tax deductible, tax deferred, and tax free. Yearly tax planning can save you a […]
All Together Now – The Wealth Portal
Key Takeaways There are many apps out there that can help you track your finances separately, but it’s cumbersome and time consuming. A wealth portal puts all your finances in one place, providing you with a quick summary that you can easily glance over once a week to ensure nothing is amiss. Using a wealth […]
Save First, Spend Second
Key Takeaways If you want to build wealth successfully, you need to save first and spend second. The rule of thumb when it comes to saving is to save about 15%. If you spend first, you can get used to the niceties in life, and then it can be very hard to have to go […]
Time is Money
Key Takeaways Many times, we look at the cost of something and don’t think about the implications of what that cost can do to help give us our time back. You might have the opportunity to work a few more hours, do a side gig, or do something else to help earn that little bit […]
Half the Clothes, Twice the Money
Key Takeaways When we get ready for a vacation, we typically pack too many clothes and don’t budget enough money. When we make big purchases, we tend to forget all the associated costs that come with buying the item. If you plan in some extra money beyond the main cost of what you are purchasing, […]
Transforming Value into Money
Key Takeaways Great companies like Starbucks, Disney and Four Seasons understand that customers will pay a premium for a transformational product or service experience. Numerous surveys confirm that meaningful work is the No. 1 thing that people want in a career. When building your team, look for self-starters who are alert, curious, resourceful, responsive and […]