As a small business owner, there is a long list of financial decisions that you need to make on a daily basis. One of the most important decisions is figuring out how you will plan your retirement and the offerings of retirement accounts to your employees. Small business owners carry the added duty of handling… Read More
Woman in Transition: Facing Change in Divorce
Through my years assisting individuals with their finances, I have repeatedly faced the need to help women going through financial transition. There are many life experiences leading to these transitions. Divorce can be a very tumultuous time for someone; finances are only a part of the tremendous life changing ramifications. Dividing finances takes preparation. Seek… Read More
Will I have enough money? Plan what you need
What keeps you up at night series. Finances keep many people up at night. As an advisor, the most common fear I hear expressed is – will I have enough money? Will I have enough money for retirement? Will I have enough money for my children’s college education? How do I know if I am… Read More
2019 RFN Scholarship Winner
“What does financial responsibility mean to you?” by Treasure Rouse It is in my opinion that financial responsibility is extremely important to live a successful well-balanced life. The act of being financially responsible leads to having independence, stability, and peace of mind. It does not mean that you must be wealthy and have a high… Read More
Where Did It All Go?
What keeps you up at night series. Did you ever look at your bank balance and wonder “where did it all go”? Am I saving enough for the future? What happens to my money? In today’s world of electronic banking, it is easy to lose track of where your money is going, how fast it… Read More
Where Did All That Money Go?
What Keeps You Up At Night Series. Have you ever looked at your bank balance and thought “where did it all go?” Today’s world of finance can have money move and exchange at a glance and if you are not watching it-it can go. Many of my clients through the years questioned where the money… Read More
If you have a teenage kid who works, DO NOT give them cash for their birthday or during holidays. Do this instead.
Written by Sunwook Jin, CFP®, CRPC®, CMFC® Every now and then, you want to give them a nice gift for your kid’s birthday or during holidays. But then, you think to yourself, they have everything they need, and you can’t think of a nicer gift. So, you buy them either a gift card or just… Read More
10 Investing Mistakes to Avoid
Who needs a pyramid scheme or a crooked money manager when you can lose money in the stock market all by yourself? If you want to help curb your loss potential, avoid these 10 practices. 1. Go with the herd. If everyone else is buying it, it must be good, right? Not necessarily. Investors tend… Read More
Should You Convert to a Roth IRA
Individual retirement accounts (IRAs) come in two flavors: traditional and Roth. With a traditional, contributions are potentially tax deductible and taxes on contributions and earnings are paid when funds are withdrawn in retirement. With a Roth, contributions are made after tax, but withdrawals in retirement are generally tax free. But even if you have been… Read More
Bad Money Habits to Break
Behaviors worth changing. Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns, year after year. If you sometimes succumb to these financial tendencies, now is as good a time as any to alter your behavior. #1: Lending money to family & friends. You may know someone who… Read More