Keep the Romance - Ditch the Costs! 12 Ideas for Keeping the Wedding Budget Under Control
Posted by Gregory Edwards on Tue, 06/27/2017 - 10:34
It’s summer, and we are scheduled to attend a number of weddings so naturally, as a financial planner, I thought it might be nice to suggest some ways to save money on your wedding – hopefully without being a “stick in the mud”! Having been the father of the bride once and the father of the groom once, I have been on both sides of the aisle! Here are some random thoughts, in no particular order:
Retirement Stage 3 - Age 50 to the "Gold Watch"
Posted by Gregory Edwards on Fri, 06/09/2017 - 13:08
Back to blogging after a short delay to move into our new offices!
Retirement Savings Stage 2: 35 - 50 Years Old
Posted by Gregory Edwards on Fri, 06/02/2017 - 12:17
Doesn’t it amaze you how fast life goes by? Once you’re in this stage of pre-retirement, you’re likely zeroed in on your “career job” and starting to earn some significant money. You’re also likely to be married and have a family (although retirement planning should take place regardless of your marital status or family situation). Along with these exciting life stages, chances are that you are under as much debt as you ever will be, you’re busier than you can imag
Retirement - Stage 1: 18-35 Year Olds
Posted by Gregory Edwards on Mon, 05/01/2017 - 13:02
I have 3 children, all of whom are in this category. Their ages are 32, 30, and 22. I’ve talked with a lot of their friends too – about life, kids, work, and yes, finances. Here’s a common thread:
Retirement Wake-Up Call
Posted by Gregory Edwards on Mon, 05/01/2017 - 13:01
As you might have noticed, there has been some time since I last posted. This is a busy time of year for the business, and tax time issues have kept me from my schedule of new posts, but better late than never! An article from CNBC online this morning was my trigger to get back to the keyboard. It stated that the median retirement savings for Americans between the ages of 40 and 49 is only $6200, so that’s a good reason to start a series of blog posts on the topic
One More Word About Emergency Funds...
Posted by Gregory Edwards on Mon, 05/01/2017 - 12:59
OK, so I’ve spent the last several blog posts talking about emergency reserves. Call it cash, a rainy day fund, or whatever you want, but I think at this point we can agree that it’s important. I also know that the process of saving it isn’t easy. We live in a consumer culture, with instant availability of just about everything with the literal click of a button. It takes discipline and commitment to get to work on saving an emergency fund.
Creating a Budget
Posted by Gregory Edwards on Mon, 05/01/2017 - 12:58
A budget is an estimate of income and expenses for a set period of time. Creating a budget can help you get control of your finances and achieve important financial goals, including buying a car, saving for college, purchasing a home, and providing for a family. It can also be beneficial in meeting unexpected financial challenges, such as losing a job.
Instead of Digging Through the Couch Cushions…
Posted by Gregory Edwards on Mon, 05/01/2017 - 12:56
Last time I wrote about the importance of having a cash emergency fund of 3-6 months of your income. Let’s talk about some ways of raising those funds…
Cash is King. Well, Princely at Least
Posted by Gregory Edwards on Mon, 05/01/2017 - 12:54
In the January 31st blog post, I outlined what comprises a basic financial plan. Let’s start now with the first item – an emergency reserve (or what I call in the plan “Cash”).
So What is a Financial Plan Anyway?
Posted by Gregory Edwards on Mon, 05/01/2017 - 12:48
Here is a quick teaser of what I call the “Yellow Pad Plan”. I call it that because when I work with people to create a financial plan, I start with a blank yellow pad and a number of questions. It’s a basic roadmap for keeping track of your financial situation. It’s not fancy, but it is based on 25 years of experience working with families to build and maintain their financial goals and it covers the main items that other, much more elaborate (and much more expensive),