3 Small Business Retirement Plans for You

One of the big challenges facing small businesses is providing competitive benefits for employees while also allowing themselves (the business owner) to save for retirement. For example, an employee is likely to have access to employer-provided health and retirement benefits at a large employer; a benefit that may be cost-prohibitive at a smaller firm. Saving for retirement as a small … Read More

The Graph That Changed My Life

When you start investing is far more important than how much you invest or the investments you make. The first time I saw this argument was in a freshman college business class at the University of Evansville. Our dean at the time, Dr. Greg Rawski, was giving our class a lecture on the basics of retirement savings. I don’t remember … Read More

Is Refinancing a Good Idea?

The interest rate banks are willing to lend for mortgages has been dropping for most of this year. This has led many people to refinance, or at least think about refinancing. Some people may be on the fence about refinancing. This article is about why people refinance and how to know whether refinancing is a financially savvy move or not. … Read More

Financial Well-Being: 5 Metrics to Aim For

Financial well-being is an abstract subject and it helps to have targets in mind when assessing your own financial well-being. The financial services industry is filled with rules of thumb and small snippets of advice that most people judge to be valuable. For example, you may be familiar with the so-called “4% rule” that’s peddled as an answer to how … Read More

Reaching Financial Independence – Non-Financial Tips

Achieving financial independence can be defined as reaching a state of no longer needing to trade your time and energy for money to support your lifestyle. This requires a portfolio to support your ongoing expenses. A quick and easy rule of thumb is to take your annual expenses and multiply them by 25 (this is derived from the “4% rule”). … Read More

Financial Taboos

Financial Taboos: What they are and how to deal with them Within the category of personal finances, there is an acceptable amount of widely disseminated advice and information available to people. But there still remains a few topics that most people may feel uneasy asking others about. I call these financial taboos. My absolute favorite column to read in this … Read More

Financial Planning in Evansville

About our financial planning process: My name is Erik and I run uVest Advisory Group, which focuses on Financial Planning in Evansville. Having a plan is important. Equally important is the process by which you develop your plan. uVest Advisory has a very specific and concrete approach to financial planning. We have a roadmap for our clients to follow step … Read More

Financial Planning Fees Comparison

Financial Planning Fees Comparison

How you pay people for their services is important. It’s certainly just as important as how much you pay them for their services. In the financial services industry, which can largely be divided between advice and sales, incentives play a major role. Understanding how different types of financial advisors are affected by incentives is something all clients need to understand. … Read More

$75K Wiser: Recovering from Bad Financial Decisions

How to Do a U-Turn in your Financial Life

How does one recover from bad financial decisions? Is it even possible? I know it is, because I did it. If student loans, debt, and bad financial decisions are weighing you down, then hear me out; you can change your relationship with money. This is how wasting $75,000 projected me onto a life path of financial responsibility and a career … Read More