The Employee Retirement Income Security Act of 1974 (ERISA) is aimed at safeguarding the interests of participants in employer-sponsored retirement plans. One crucial aspect of being an ERISA fiduciary is understanding the duty to diversify to minimize the risk of large losses. In this article, we review ERISA’s duty to diversify, its rationale, applications… Continue reading Understanding ERISA’s Duty to Diversify
Article Categories: Articles
The Merits of Long-Term Investing: Navigating Market Noise
When it comes to investing, the stock market can often feel like a roller coaster. The media loves to use dramatic language to describe market movements, making terms like “crash,” “plummet,” and “freefall” sound much scarier than they need to be. This can lead to anxiety and rash decisions for investors who aren’t prepared for… Continue reading The Merits of Long-Term Investing: Navigating Market Noise
Navigating Vehicle Maintenance Costs
We’re in the midst of summer, a time when many of us find ourselves driving more and perhaps thinking about purchasing a vehicle. Buying a car can be one of the most significant expenses in your life, impacting your disposable income throughout your driving years. The make and model you choose dictate much of your… Continue reading Navigating Vehicle Maintenance Costs
Shepherding Your Child to Their Career
A twenty-something electrician, registered nurse, and engineer walk into a financial planner’s office . . . No, not the beginning of a bad dad joke, though it is tempting. As a financial planner it is all too common to meet with young adults attempting to kick start their financial lives only to find that they… Continue reading Shepherding Your Child to Their Career
Can Kids Use Summer Job Money to Fund A Roth IRA?
With summer in full swing and lemonade stand revenue burning a hole in kids’ pockets, can kids fund a Roth IRA instead of just buying more Robux? Yes, kids can use summer jobs to fund a Roth IRA! As long as they have earned income, they are eligible to contribute. This includes income from formal… Continue reading Can Kids Use Summer Job Money to Fund A Roth IRA?
There’s No Microwave in Your Financial Kitchen
There is no microwave in your financial kitchen. We know, that sounds like the kind of sentence that might escape the lips of your crazy uncle after too much egg nog on Christmas Eve, but it carries with it the key to your financial success. Living in America, we are used to getting what we… Continue reading There’s No Microwave in Your Financial Kitchen
Financial Planning Considerations for People with Disabilities and Their Loved Ones
People with disabilities and their loved ones can face varying financial obstacles and there are several practical tips and tools available to help you weather the challenges, set goals for the future, and increase your financial wellness. Francis is here to help. Though each individual’s personal experience and situation are unique and there is… Continue reading Financial Planning Considerations for People with Disabilities and Their Loved Ones
Reducing your Air Conditioning Costs
When the dog days of summer hit, keeping cool can be a challenge, but there are a bunch of easy tricks to save some cash while you chill out at home. Here are some tips straight from the pros: Programmable Thermostat: Invest in a programmable thermostat. You can set it to bump up the temperature… Continue reading Reducing your Air Conditioning Costs
Retirement Savings VS. Kids College Fund: Which Should I Focus On?
Perhaps your “babies” are reaching the age of earning their driver’s license, or maybe your babies are in the newborn stage. Regardless of their age, deciding whether to prioritize funding your retirement or your kids’ college fund is a common dilemma. Here are some factors to consider: How can you know if you’re on track… Continue reading Retirement Savings VS. Kids College Fund: Which Should I Focus On?
Summer Activities and Their Impact on Your Taxes
Summer is a time for fun, but it’s also a good time to think about how your activities might affect your taxes. Here are some common summer activities and how they could impact your tax filing: Getting Married Wedding season is here! If you’re getting married, you can make tax season easier by doing these… Continue reading Summer Activities and Their Impact on Your Taxes
