Understanding Matching Contributions in Your 401k

When you begin working for a new employer you may be faced with the option to contribute to a 401k. If you do choose to contribute, you face further questions about how much you would like to contribute and understanding employer matching contributions. The most straightforward answer to how much an employee should contribute in their 401k is up to … Read More

What are Nonqualified Stock Options?

This is part 3 in a series on equity compensation. You can find Part 1 here and Part 2 here. This article is a more indepth look at nonqualified stock options.  Refresher: What are Nonqualified Stock Options Nonqualified stock options are a common feature of compensation packages. Just like incentive stock options, they give you the right to purchase a … Read More

Brief Overview of Employee Stock Options

You may have employee stock options as part of your compensation package. Employee stock options can be confusing and you may be wondering what you should do with yours. This is Part I in a series shedding light on employee stock options, their taxation, and strategies for managing them.  Non-Qualified Employee Stock Options vs. Incentive Stock Options (aka Qualified Employee … Read More

Student Loan Forgiveness from Biden Admin.

If you have federal student loans, it’s likely that you haven’t had to make payments for quite some time now. News has recently come out about the Biden Administration’s plans for up to $10,000 in student loan forgiveness and freeze payments until September 30th.  These policies do NOT affect private student loans. If you are unsure whether your loan is … Read More

Hiring a “financial advisor”

Hiring a “financial advisor” can be difficult. Here are some tips for you to use when evaluating an investment advisor or financial planner. Know what type of financial professional you are speaking with The financial services industry unfortunately suffers from hopelessly obscure and arbitrary titles. But you should know what type of financial professional you are speaking with because that … Read More

As a Financial Planner, this is My Favorite Client Service

I’ve been offering investment management services since I was a sophomore in college at the University of Evansville. After receiving my CFP® certification, I offered traditional comprehensive financial planning services like retirement planning, tax planning, and, estate planning. But there’s one service that I enjoy more than all others, financial coaching. Let me explain why. Financial planning and investment management … Read More

Making Better Tough Decisions

Making tough decisions is by definition — tough. One strategy that I’ve found to work for me is something I picked up from the Autobiography of Benjamin Franklin. In it, Franklin writes about creating a standard “pros and cons” list. But Franklin takes it one step further by assigning values to his pros and cons. The values would represent their … Read More

3 Steps to Setting Better Goals

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,” said the Cat. “I don’t much care where—” said Alice. “Then it doesn’t matter which way you go,”  Alice in Wonderland Setting financial goals is important but people find it difficult. There’s a trade-off between … 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 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