The final step of the financial planning process is monitoring and reviewing. What Does Monitoring and Reviewing Involve? Monitoring and reviewing involves tracking your accounts, financial plan, and financial situation. We manage your accounts according to the investment guidelines that we set together and monitor cash levels. As your life changes, we will revisit your… Continue reading Step 4 of the Financial Planning Process: Monitoring and Reviewing
After we review your financial plan, we will implement the strategy we have developed together. What Does Implementing Your Strategy Involve? First, we’ll assist you with opening and transferring accounts. We will begin investing or transitioning your accounts according to the plan we’ve created. Our investment decisions are based on the goals you share with… Continue reading Step 3 of the Financial Planning Process: Implementing Your Strategy
After we’ve learned about you, your family, and your goals in discovery, we begin to create your financial plan. What Does Analysis and Recommendations Involve? Your financial plan doesn’t just include your financial information; it is inclusive of all the information you provided in discovery. It is important that your financial plan paints a picture… Continue reading Step 2 of the Financial Planning Process: Analysis and Recommendations
Simple IRA contributions are made up two parts; an employee contribution and an employer contribution. As an employee, the most you can contribute to your Simple IRA in 2020 is $13,500 if you are under 50 years old. If you are over 50 years old, the amount increases to $16,500. The maximum contribution an employer… Continue reading What are the Contribution Limits for Simple IRAs for 2020?
Everyone has a story and the objective of discovery is for us to learn yours. Discovery involves getting to know you—everything from your goals and dreams to your needs and concerns. What Does Discovery Involve? We start with the basics. We’ll ask about your family, details about where you work, and salary information, if applicable.… Continue reading Step 1 of the Financial Planning Process: Discovery
The most an employer can contribute to a SEP in 2020 is 25% of compensation up to $57,000. There is no catch-up contribution for participants over 50 years old. Additionally, only employers can contribute to SEP accounts. Employees may not make contributions. SEPs are also called SEP IRAs or Simplified Employee Pension Individual Retirement Arrangements… Continue reading What are the Contribution Limits for SEPs for 2020?
The most that you can contribute as a self-employed person in your Individual 401(k) in 2020 is $57,000 if you are under 50 years old. If you are over 50 years old, the amount increases to $63,500. Individual 401(k) contributions are made up two parts; an employee contribution and an employer contribution. The maximum employee… Continue reading What are the Contribution Limits for Individual 401(k)s for 2020?