What Does a Diversified Portfolio Actually Look Like?
You’ve heard that it’s important to create a well-diversified portfolio and know that it is a critical step in your financial plan, but what does a diversified portfolio actually look like? To create one, you need to know what that means and practical steps for making it happen. In this article, we will be breaking […]
Market Updates & Actions we are Taking
In response to higher inflation and expected rate hikes by the Fed (to offset the increased levels of inflation), markets have been moving down recently. In the U.S., we are now officially in a market correction as measured by the S&P 500. The standard measure of a correction is a pullback between 10% and 20% […]
What is a Trust and Do You Need One?
A trust is a legal arrangement that allows you to effectively manage your assets and ensure that those assets are transferred to your intended beneficiaries when you pass. They can provide an efficient means of settling your estate, managing your assets, and reducing taxes. What is a Trust? A trust is a legally binding agreement […]
Tax Minimization Strategies for Executives With a Comp Plan
For employees, the prospect of getting a stock option offer as part of their compensation package can be a milestone moment. They look forward to achieving this level in their careers for obvious financial reasons, but it also brings a sense of accomplishment and prestige.
When is the Best Time to Claim Social Security?
Social Security is a supplemental income program funded through a dedicated payroll tax. It’s intended to support citizens through disability, retirement, and survivor benefits. For most people, the first time they have to think about taking Social Security benefits is when they apply for them in retirement. A question we often hear from retirees is: […]
2021 Second Quarter – 12 Month Recap
The economies of the world have come roaring back as the world slowly emerges from the pandemic lockdowns. With increasing vaccinations, massive fiscal stimulus, and extremely low interest rates, consumers around the world are opening their wallets. Short-term growth in the global economies is tied to vaccination rates. According to the CDC (Center for Disease […]
Generational Wealth Series: Opening a Roth IRA Account for Minors Who Are Working
You have worked throughout your career to create a life that supports you and your family. For many investors nearing retirement, their next goal is to continue to leverage their hard work by creating generational wealth. When you have accumulated a comfortable nest egg and are looking ahead to impact future generations, it can be […]
Preserving Wealth Through a Dynamic Approach
At FPC, we believe that financial planning is not a one-and-done type of process. As a rule, it is not advisable to focus on any one element of your financial life at a time. This is because money touches pretty much every aspect of who we are and what we want out of life. When […]
Practicing Gratitude in Your Finances
Even during the unprecedented times we find ourselves in, we all have something to be grateful for. Studies have shown that gratitude can have a monumental, positive impact on your mental and physical health. According to Harvard Medical School: “In positive psychology research, gratitude is strongly and consistently associated with greater happiness. Gratitude helps people […]
Evaluating Charitable Organizations for Donating
The holiday season creates an overwhelmingly positive sense of gratitude and an appreciation for all that we have. It’s natural to want to use a portion of what you have to positively impact the lives of others. Many people choose to donate during this time of the year. In fact, 31% of annual giving occurs […]