Unbiased financial advice from fee-only financial planners

Brought to you by the National Association of Personal Financial Advisors

1
Fee-Only Financial Planners Have Independence
2
Tips to Teach Kids About Money
3
Don’t Leave Money On The Table!
4
What I learned at Ukulele Camp that applies to finances
5
Don’t Make These Investment Mistakes!

Fee-Only Financial Planners Have Independence

On July 4th, the United States celebrates its Independence Day. And if you remember anything from history class, you know that the United States did not complete the process of becoming independent all in a day. It took time but July 4th was chosen to mark the occasion after there was a vote for independence on July 2.

While the founding of NAPFA (The National Association of Personal Financial Advisors) may not have had the same impact on the world stage as July 4th, things weren’t the same after a discussion about how to change things for the …

Read More

Tips to Teach Kids About Money

We may not even realize it, but most of our attitudes, fears and habits around money are formed when we are kids. How much our families made, how much they spent and even how much of an allowance we got, greatly influence how we feel and react to the lack of or the abundance of the greenback.

Kids learn the basics in school — reading, writing and arithmetic. But schools avoid almost any instruction about money. If they do offer a class, it may be an elective in high school, long after money habits have been formed.

I believe it’s …

Read More

Don’t Leave Money On The Table!

Many individuals are offered an employer-sponsored savings plan though work such as a 401(k) or 403(b). Employers who offer these plans may provide a company match. This means that the employer will add money to the employee’s account, if the employee saves a certain percentage of income. Some employers will even provide money even if the employee is not saving.

If you’re employer offers a match on your contributions, take full advantage of it. Don’t leave money on the table! This is free money – and it’s unwise to not take it.

Let’s look at an example.

Sam and Betty …

Read More

What I learned at Ukulele Camp that applies to finances

I’m pretty die-hard about DIYing everything I can. Yes, I know there’s a lot of argument that you should pay someone to do things while you’re out earning more per hour at something else, but I don’t buy it entirely. First of all, most of us spend plenty of time scrolling Facebook, binge-watching Netflix, and staring into the refrigerator. None of that is billable time.

There are a lot of projects that just require brute force and minimum skills—I’ll paint my bedroom over a weekend before I pay someone $800 to do it. However, I draw the line at danger …

Read More

Don’t Make These Investment Mistakes!

By Eve Kaplan, Certified Financial Planner™

The investment world is a confusing, opinionated and noisy place. Here are 2 classic investment mistakes that are very common: 1) trying to time markets and 2) stock-picking your way to investment success.

Mistake One: Thinking You Can Time Markets (And Do Better Than the Average Investor)

Markets are notoriously changeable, just like the weather. There are hundreds of types of investments (asset classes) that move somewhat independently of other asset classes. These movements cannot necessarily be predicted. Sometimes there is no logical trigger that makes (example) US mid-cap stocks appreciate more than many …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login