Walt Disney Company co-founder Roy Disney once said, “when your values are clear, your decisions are easy.” People often struggle to make financial decisions/progress because they don’t have clearly defined goals. Setting good, motivating financial goals requires making sure those goals align with your values. Often we start the journey to accumulate as much money…
Inflation remains top-of-mind for investors and their respective portfolios. With inflation continuously on the rise, investors naturally want to look for ways to hedge against it. The good news is that there’s an excellent option to help hedge against inflation: I Bonds. In this blog post, we help you make an informed decision on if you…
You may be seeing increasing attention paid to the word recession in the financial entertainment industry. Suddenly, you’ve flipped on your TV to see banner headlines about the news in the financial markets, and “recession” is front-and-center. Before panic sets in, it’s essential first to understand the true nature of a recession. According to the…
Fiduciaries and brokers aren’t the same – in this continuation of our previous post, we explore three more key differences that you’ll want to be aware of. Broker: “So tell me. How do you feel about risk?” Client: “I hate it. I hate risk. It scares the hell out of me. I’m afraid of what the market…
Fiduciary. Broker. Same thing, right? Wrong. In a series of blog posts, Fiduciary Financial Partners is here to help clarify the key points of difference. “Look. I’ve worked tirelessly for decades to accumulate the kind of life savings that came with a lot of sacrifice in the form of working weekends. I missed a child’s…
At Fiduciary Financial Partners, we know that there are growing concerns for both our clients and the community in an ever-changing marketplace. That’s why we stay up-to-date with the latest events impacting markets. This blog post discusses the 5 Questions on the Minds of Investors. 1) What are the impacts of the Russia-Ukraine crisis on…
5 Easy Steps to Improve Your Financial Security At Fiduciary Financial Partners we are committed to educating our clients and the community in order to improve their financial lives. In our last blog we broke down the pros and cons of 401(k)s and Roth IRAs, but today we will focus on 5 Easy Steps to…
Should I make Roth or traditional 401(k) contributions? This is a question Fiduciary Financial Partners get asked almost every week, so we decided to write a blog on the topic to help you improve your retirement outlook. As much as we’d like to be able to give the same answer to everybody – it’s not…
The 2022 Contribution Limits for Retirement Plans are something every individual or plan sponsor should be aware of. Last month, the IRS announced changes to retirement plans for 2022. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased to $20,500. Limits on contributions…
Planning your financial future is intimidating, so Fiduciary Financial Partners recommends starting with 5 Ws – Who, What, When, Where & Why.
By Nicholas Economos, CRPS® and Miaciah Manuel, CFP® Key Points Thinking with a tax mindset: While changes in taxes aren’t a certainty, if they do happen, investors should increasingly consider thinking about their financial plan and portfolios with a tax mindset. Changes in policy should trigger changes in behavior: The recently proposed changes would affect…
By Nicholas Economos, CRPS® Earlier this month, the Internal Revenue Service announced cost‑of‑living adjustments and increased retirement plan contribution limits for tax year 2020. The IRS raised the 401(k) contribution limit by $500 to $19,500, but the limit on contributions to individual retirement accounts remains $6,000. For plan participants aged 50 and over, the 401(k) catch-up contribution limit will also…