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…
By Miaciah Manuel, CFP®, Fiduciary Financial Advisor Our last post on The Fiduciary Advisor blog talked about decluttering and organizing our finances Marie Kondo style to spark joy. Most of us enjoy talking about our dreams and values, but financial planning to realize our dreams can be stressful without a straightforward approach. To this end, we recently presented…
By Miaciah Manuel, CFP®, Fiduciary Financial Advisor Getting organized is such a hot topic right now, a Wall Street Journal article on decluttering books cluttering our bookshelves was front-page news earlier this month. Annual print sales of books on organizing nearly doubled in the past year, as authors chased one of the hottest trends and the…
By Miaciah Manuel, CFP®, Fiduciary Financial Advisor Fun isn’t usually the first thing that comes to mind for most people when the word “fiduciary” is mentioned — but what isn’t fun about dreaming up the best possible life for you and your family? Even more fun, what if you had a systematic way to prioritize those…
By Nicholas Economos, CRPS® Last week on The Fiduciary Advisor blog we recapped our fiduciary financial planning educational webinar series to date for participants in the retirement plans of our plan sponsor clients. Now we turn our focus to plan sponsors themselves, and the series we launched last month with the webinar Fiduciary Risks: A…