How Can I Save Money On Taxes in Retirement?
When you think of taxes, what comes to mind? It’s probably a once-per-year scramble to get all of your paperwork to submit to the IRS. But taxes are so much more than a one-time thing. Tax planning can change the balance and strategy of your overall financial plan. It can inform decisions to help maximize […]
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 […]
What is a 529 plan and how do they work?
Education savings is often part of the financial plans we create. Whether clients are interested in pursuing a masters or doctoral degree, or they want to help fund the college education of their kids and grandkids, navigating how to efficiently save for continuing education costs while maximizing tax savings can often feel like an insurmountable […]
2021 First Quarter – 12 Month Recap
It has now been more than a year since the coronavirus pandemic began in earnest around the globe. Worldwide, economies were shut down as businesses were closed to prevent the further spread of the virus. Since then, the world has showed a remarkable resurgence in growth, reflecting the global perception that an effective vaccine has […]
Understanding Medicare Coverage
Medicare is an often confusing, although necessary, element of retirement planning. Leveraging Medicare for health coverage can help to lower your health insurance and medical expenses, while also providing varying levels of coverage throughout your retirement. However, it’s important to understand how Medicare works, and how it will impact you during this next phase of […]
Checklist for a Job Transition
No matter what type of job you’re considering, it’s wise to have a financial “checklist” in place before moving forward.
How a Diversified Portfolio Works
2021’s Gamestop phenomenon has showcased that there will always be a new investing trend that returns-chasers are on the lookout for. Recently, we’ve seen a number of unique investments have their moment in the spotlight. However, it’s also clear that, regardless of how popular these investment tactics may be, they’re incredibly short-lived – especially in […]
2020 Annual Market Recap
As we begin the first quarter of 2021, we are relieved to be able to put 2020 away and in the history books. Last year was one of the more challenging years we’ve experienced, both economically and marketwise, for everyone. The year began normally enough, but was rapidly impacted by concerns of a spreading global […]
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 […]