Do you ever wonder where your money goes each month? Does it seem like you’re neverable to get ahead? If so, you may want to establish a budget to help you keep track of howyou spend your money and help you reach your financial goals. Examine your financial goalsBefore you establish a budget, you should…
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Understanding IRAs
An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits. IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) or other plan at work, you might also consider investing in an IRA. What types of IRAs are available? The…
10 Years and Counting: Points to Consider as You Approach Retirement
If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up anew sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work in…
Asset Protection in Estate Planning
You’re beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit card issuers, business creditors, and creditors of others. To insulate your property…
How Grandparents Can Help Grandchildren with College Costs
As the cost of a college education continues to climb, many grandparents are stepping in to help. This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what’s predicted to be trillions of dollars over the coming decades.Helping to pay for a grandchild’s college education…
Changing Jobs? Know Your 401(k) Options
If you’ve lost your job, or are changing jobs, you may be wondering what to do with your 401(k) plan account. It’s important to understand your options. What will I be entitled to?If you leave your job (voluntarily or involuntarily), you’ll be entitled to a distribution of your vested balance. Your vested balance always includes…
HMFP Financial Planning Simplified-Enjoy Phase 60+
In this weeks video, Ian explores the last phase of financial planning which addresses the hurdles and opportunities of retirement.
What is Financial Planning Simplified Part 3: The “Growing” phase
This week we explore the potential planning pitfalls, and solutions facing people in their forties and fifties.
What is Financial Planning Simplified Part 2: The “Planting” phase
This week we explore the potential planning pitfalls, and solutions facing people in their twenties and thirties.
Financial Planning Simplified?
Check out this week’s video from Hitchcock Maddox Financial Partners where we explore the philosophy that drives our planning process.