Does money create a strain in your marriage? Are you unsure how to handle finances in a marriage? If so, read on to learn 5 easy tips that you can apply to your financial life. TIP #1: HAVE JUST ONE CHECKING ACCOUNT. When you were single, life was simple, and you could essentially do whatever you …
I often times wonder how I can free up my time to focus on the things in life that are important. Do you ever feel like you’re crossing items off of your daily checklist but deep down you don’t really feel like you’ve accomplished anything? Or perhaps you’ve been working on a large / time …
It crosses everyone’s mind – should I pay for a service that I can do myself? It’s a decision we are all faced with. Should we fix our own car, do our own taxes, mow our own lawn, handle our own financial planning, manage our own investments, and the list goes on… These are very valid …
Perhaps you’ve asked the question: Do I Need Life Insurance If I Am Single? You may have run across a life insurance agent that told you that you always need life insurance no matter what stage of life you’re in. You might have even met with a life insurance agent and they pressured you to …
If you’re still using Mutual Funds and haven’t explored ETFs, then now may be the time. An ETF is an Exchange Traded Fund. But what does that mean? If you are familiar with Mutual Funds then understanding ETFs will be easy. An ETF is simply just a bucket of stocks or bonds, just like a …
This is probably a question that you’ve never considered, yet the answer to it would likely surprise you. Essentially there are two types of financial professionals: Registered Investment Advisors and Registered Representatives. The difference between the two may not seem readily transparent, but my hope is to educate you so that you will be an …
Is Your Advisor Required To Act In Your Best Interest? Read More »
Investing is not always about what you do (i.e. choosing where to invest), it’s equally about what you do not do. In many cases, doing nothing is the best strategy. One of the primary, less mentioned responsibilities of a Financial Planner is to protect clients from themselves, especially in the short term when they are …
Many people have aspirations to build up their tax-free investments and do so inside of a Roth 401k. However, you may be surprised to learn that your Roth 401k contributions are not actually going into the Roth (tax-free) bucket, but instead into the Traditional (pre-tax) bucket. If you’ve followed my blog, then you know I …
Are You Making Roth 401k Contributions? Think Again… Read More »
In a previous blog post, Is a 401k the Best Place to Save for Retirement, I showed that contributing to a 401k is far superior to a Taxable Account even if a person is in a very high tax bracket. But today, I want to compare the 401k vs IRA. If you only have so …
Most people understand the importance of investing in their 401k, but I’d venture to say that many do not understand how to properly update the investments inside of their 401k. In fact, it can be very confusing (and frustrating) since there are actually three places that you need to make updates, not just one! And …
Updating Investments in Your 401k: 3 Important Things to Know Read More »
Have you ever wondered whether or not a 401k was the absolute best way to save for your retirement? The conventional advice has always been to save toward tax deferred accounts (i.e. 401k’s) and tax free accounts (i.e. Roth IRAs) first and then to taxable accounts afterwards. But is this actually good advice?
If you’ve ever purchased a home or gone through a refinance, then you may have been faced with the decision of whether or not to pay points to lower your interest rate. Ultimately you have to determine if it’s worth it to pay a sometimes large fee in exchange for a lower interest rate and …
Should You Pay Points to Lower Your Mortgage Interest Rate? Read More »
B.E.S.T. Wealth Management was founded on the principle that everybody deserves financial planning advice and help with investing money.
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