Financial planning
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  • warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /var/www/vhosts/gencapmgmt.com/httpdocs/sites/all/themes/ctheme/node-blog.tpl.php on line 68.
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Addressing Your Aging Parents

A survey by the National Endowment for Financial Education found that 70% of adults say they have difficulty talking to their families about who will make financial decisions for an aging family member who loses the ability to safely handle their money. This topic can be difficult for some family members to address but not doing so can create major problems down the road. If you are having trouble addressing these issues with a loved one, below is a list of questions that can help get the ball rolling.

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Happy Memorial Day

It’s Memorial Day and I’m taking a different approach to the blog. In lieu of our usual educational piece, we are recognizing those who have served our country. The sacrifice our men and women of the military have made to protect our safety and our economy is unparallel.

In honor of those who have served or are currently serving our country we are offering a complimentary comprehensive financial plan. Meaning, regardless of your personal wealth or financial position, we will build a customized plan that will address your personal financial goals.

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The Gift of a Roth IRA

If you are currently involved with your company’s retirement plan and have noticed a new addition of a Roth 401(k), you are not alone. The Roth IRA, or Roth 401(k), is picking up a lot of traction, rightfully so. If you have never heard of a Roth IRA before, don't worry, I will outline what a Roth IRA is and the benefits of contributing to one.

What is a Roth IRA?

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The Prize of Postponing Social Security

One of the biggest financial decisions we face in our lifetime is deciding when to start taking Social Security benefits. You can start as early as 62 years old or wait until you reach the age of 70. It sounds simple; take the money as soon as you can, why wait to start collecting on something that is owed to you? Au contraire, according to a recent study in the Journal of Financial Planning, waiting to collect your benefits can boost a dual-income couple’s benefit by an average of 6% - and sometimes by much more.

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The Household Budget Dilemma

One of the most dreaded family activities is sitting down at the kitchen table to create a budget. Somewhere along the way the mere thought of budgeting has people running the other way. Merriam-Webster dictionary defines budget as, ‘an amount of money available for spending that is based on a plan for how it will be spent.’ Just reading the definition has my head spinning, and I enjoy assisting people with this task.

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Saving for College with a 529 Plan

When doing research on the expenses kids face while attending college, I came across this news heading, ‘Food pantries on the rise at US college campuses as students struggle with increasing expenses.’ With the average tuition for a private college for the 2013-2014 school year at $30,094, it’s no wonder this headline reached national news over the weekend. Part of our job as financial consultants is to educate consumers so they can make the right decisions to protect their financial futures.

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The Retirement Shortfall

Over the weekend, I came across some startling statistics that reaffirmed my belief that Americans are not saving enough for retirement. After learning some cold hard facts, I wondered, ‘Is this a new dilemma or have Americans always been without savings?’

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Reduce Your Taxes and Improve Your Financial Position

It’s that time of year, again, when our plates are full with holiday parties, giving back to the community and making sure our financial house is in order.  Sometimes the latter is put on the back burner and often forgotten.  Therefore, I thought the following outline would be beneficial to answering this important question, ‘With the end of the year quickly approaching, what are some important tax and financial planning measures we can take to reduce our taxes and improve our financial position?’

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