Tag: financial goals

Planning for the Future Together: Retirement Savings Tips for Couples

Written by Zachary Morris, CFP® on February 20, 2024.

Elevate your retirement journey together! Explore ten retirement savings tips for couples for a more worry-free financial future.

Ten Tips for Navigating Retirement Planning as a Team

Retirement is a big deal, isn’t it? It’s a time we all look forward to, but getting there, especially with your partner by your side, requires some thoughtful planning and a good bit of teamwork. When you’re managing money together, you’re bound to run into both opportunities and challenges unique to being a duo. It’s really about keeping an eye on what you both want out of your finances and lifestyle as you navigate this planning journey side by side. Whether you’re just starting to talk about retirement or you’re further down the road, here are ten retirement savings tips for couples to consider.

Exploring Trusts for Wealth Preservation after Retirement

Written by Zachary Morris, CFP® on February 15, 2024.

Learn how trusts might be utilized for wealth preservation and consider their role in estate planning.

Understanding Trusts as a Potentially Strategic Component of Retirement Planning

Retirement planning is more than just a task; it’s a strategic approach that may help to achieve a stable future. It’s not merely about accumulating savings but about making informed decisions that position you well for the years beyond active employment. In the financial planning landscape, the concept of trusts has emerged as a potent tool for estate planning and wealth preservation. This article sheds light on how integrating trusts into your financial strategy could enhance your retirement planning, offering the potential for a blend of security and foresight for your golden years.

Starting Your Year Clear: Consider a New Approach to Achieving Your Retirement Goals

Written by Jeff Diamond, AIF® on January 8, 2024.

Approaching your retirement goals in a holistic way means you can set the state for financial security and fulfillment, too.

Does Your Current Approach to Financial Planning Match Your Aspirations?

While it’s always smart to be thinking ahead about your retirement goals, the beginning of a new year offers an opportune time. This is because many of us are feeling motivated about the fresh start and potential opportunity a new year brings. So, as you consider your retirement goals and plans, ask yourself whether your current approach aligns with your aspirations. In this article, we’ll share helpful perspectives and strategic considerations that can help you gain clarity and purpose for your retirement strategy so that you can achieve more toward your goals this year.

Wealth-Building Habits to Start the New Year Strong

Written by Jeff Diamond, AIF® on December 18, 2023.

It takes discipline to identify and implement wealth-building habits, but your future self may thank you.

Help Secure Your Financial Future and Find Peace of Mind

Building wealth is a goal for many – and one that you may be considering as the New Year dawns. In the vast majority of cases, it doesn’t happen overnight. You might think that you need an above-average income or a significant inheritance to build wealth, but in reality, the process starts with small but meaningful wealth-building habits. It takes discipline and patience to build your wealth, but the sooner you start, the sooner you can reap the benefits. With the wealth-building habits discussed below, you can find yourself on the way to greater possible financial freedom.

Fitting Equity Compensation into Your Financial Plan

Written by Jeff Diamond, AIF® on May 31, 2021.

The smartest move when granted equity benefits is to plan now, not 10 years down the road.

A growing trend in employee benefits is the inclusion of equity compensation to attract the best talent and to recognize top employees. Equity compensation is a form of non-cash compensation that represents ownership in the company, such as stock options or restricted stock. Depending on the company and the type of compensation they provide, employees will either receive company stock upon joining the team or the option to purchase it at a future date into their employment.

Equity compensation can seem complicated, and it may be tempting to let your benefits sit on autopilot, especially if you plan on staying at the company for a while and don’t have immediate plans to sell the stock. This might not be the best move, however, because equity compensation can come with unique tax rules, tax implications, and liquidity challenges. In order to ensure that you’re making the most of these benefits, it’s important to take a strategic approach to manage them and work to incorporate them into your broader wealth management plan. As you do so, keep the following questions and opportunities in mind.

How to Use the S.M.A.R.T. Goal-Setting Framework to Set and Achieve Financial Goals

Written by Zachary Morris, CFP® on April 7, 2021.

A Savvy Strategy for Meeting Your Money Objectives

If you want to achieve your life’s goals, you must first envision them and then create expectations for yourself. When you begin to see your goals as reality, it can become easier to see how to reach them, too. However, this can often feel like an uphill battle – especially when it comes to your financial goals.

Planning for success in your financial future is a challenge, but you can help yourself stay focused and on track by setting the right type of goals at the outset. To improve your chances of success, set S.M.A.R.T. financial goals.