The Investment Policy Statement (IPS) is a document that dictates how you invest your money. If you are working with a financial planner, the Investment Policy Statement (IPS) will also dictate how they invest your money for you. Here’s why creating this document is a good move: While your financial planner will make plenty of…
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In the nerdy world of money management, financial advisors are apt to use all sorts of over-the-top jargon. I’ll spare you by not listing every piece of jargon here (because that would bore you to death). But to help me illustrate a point, I do want to talk about one nerdy term. Forgive me while…
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The U.S. Stock Market has recovered swimmingly since the great recession – so well that people are saying that stocks are too expensive. Some even say we’re due for a severe market correction – or even worse: a stock market crash. Eventually, this prediction which will come true. But, when will stocks drop? Unfortunately, it’s impossible…
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Donor-advised funds have become increasingly popular given the new tax laws in 2018. They have also become one of our favorite tax savings tips that continues to fly under the radar: Today, we are going to break it all down for you and explain: What a Donor-Advised Fund is (in plain English!) Why you should…
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529 college savings plans are important. But, they are not the most important thing new parents need to be thinking about. Speaking of new parents, it seems like everyone in my life is having kids. This includes: My brother My cousin My cousin-in-law Fellow professionals in the Financial Planning Association Friends from college My wife’s friends from…
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Consider this: You’re on vacation with your family at Lake Titicaca. It’s hot out. So, you decide to jump in the lake. But, before you do, you spot a sign. The sign reads: Caution! Giant killer eels in the lake. They will eat you for breakfast and not even think twice about it. Stay out…
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While a dollar may not be worth as much as it used to be, you can still stretch a buck pretty far. With a dollar bill, you can buy yourself a candy bar, a postage stamp, or even a ribeye steak. Unfortunately, you may not be able to do so forever. Why? Because inflation exists!…
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Student loans got you down? If so, you can get in line with the other 44 million Americans. Fortunately, there are a few strategies you can use to not only lower your income-driven student loan payments (aka income-driven repayment) but save buckets of money, too! In case you don’t know what I’m talking about here,…
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