News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Center for Financial Planning, Inc. - Economy
9 | Follower
Helping to Make Your Money Last a Lifetime — Center for Financial Planning, Inc.
If you’ve ever found yourself wondering, “Will I have enough to retire comfortably?” – you’re not alone. Many approaching retirement, even those with a sizable nest egg, can feel unsure about how to decide what is a safe and reasonable amount to live on in retirement. Although no two individual live
The Financial Starter Kit: Budgeting, Credit, and Investing for Young Professionals — Center for Financial Planning, Inc.
The Emerging Wealth Series Iris Hayes and Josh Golden join The Center for the summer. This series is a summer intern-led exploration of the values, behaviors, and trends shaping the future of wealth.
What To Understand About The One Big Beautiful Bill — Center for Financial Planning, Inc.
On July 4th, 2025, President Trump signed into law ‘The One Big Beautiful Bill’. The massive 940 page bill has a lot of provisions that will affect taxes for both individual filers as well as business filers. As we study the provisions of the bill and see how our clients will be affected,
Why Your Money Story Matters: Connecting Childhood, Identity, and Financial Goals — Center for Financial Planning, Inc.
The Emerging Wealth Series Iris Hayes and Josh Golden join The Center for the summer. This series is a summer intern-led exploration of the values, behaviors, and trends shaping the future of wealth.
Q2 Investment Commentary - Diversification Delivers Results — Center for Financial Planning, Inc.
Key Highlights This Quarter: Diversification Outperforms A balanced portfolio returned +6.69% , outpacing the S&P 500’s +6.2% , while also reducing risk amid market swings. Market Volatility Persists The S&P 500 hit new highs, dropped into correction,
Grandparents in Retirement: Balancing Caregiving and Financial Stability — Center for Financial Planning, Inc.
For many retirees, becoming a grandparent brings immense joy and a sense of purpose. But increasingly, grandparents are stepping into caregiving roles—whether helping raise grandchildren, providing financial support to adult children, or caring for aging spouses. While these roles are rewarding, the
Smart Tax Strategies to Protect Your Retirement Income — Center for Financial Planning, Inc.
You've spent decades building your nest egg—now it's time to enjoy it. But without the right tax strategies, Uncle Sam could take a bigger bite out of your retirement income than you expected. The good news? With some thoughtful planning, you can minimize your tax burden and make your savings last l
Thinking About Retiring Early? Don’t Overlook the Rule of 55 — Center for Financial Planning, Inc.
As a financial advisor, one of the most common questions I hear from clients considering early retirement is: "How can I access my retirement funds before age 59 ½ without penalty?" If you are asking that too, let's discuss an often-overlooked option: the Rule of 55. The Rule o
Giving Back Without Giving Away Too Much: Tax-Smart Strategies for Charitable Donations — Center for Financial Planning, Inc.
We all have an interest in making the world a better place for our families and the generations to come. That’s why many of us give money, time, and resources to help support charities we believe in to make a difference for others in need, the towns and cities we live in, and the planet. But what if
What is an “In-Service” Rollover? — Center for Financial Planning, Inc.
When you hear "rollover," you typically think of retirement or changing jobs. For the vast majority of clients, these two situations will really be the only time they will complete a 401k rollover. However, you might not know about another type of situation in which you c
May Book Tour Recap: Big Conversations, Bold Insights, and What’s Coming Next — Center for Financial Planning, Inc.
May was a moment . Our Finding Your Center book tour made its Brighton debut, and the conversations were as vibrant as the venue itself. Hosted at the stylish and welcoming All Heart Garage , each event brought together community members eager to learn, connect, and take real steps toward financ
Taking Charge of Your Financial Future: A Busy Professional's Guide — Center for Financial Planning, Inc.
Let’s face it: life moves fast. Back-to-back meetings, inbox and voicemail full, and trying to squeeze in a workout or some semblance of a social life. It’s no wonder financial planning often gets pushed to the bottom of the to-do list, especially for busy professionals. Busy professionals underst
"Staying the Course" Isn’t a Snooze Button — Center for Financial Planning, Inc.
"The key to making money in stocks is not to get scared out of them." – Peter Lynch When it comes to investing, the phrase "stay the course" is practically gospel. It's repeated in market downturns, shared in financial blogs (this may currently resonate…), and printe
How Much is Enough? Calculating Your Retirement Savings Goal — Center for Financial Planning, Inc.
Retirement may seem far off, but knowing how much you need to save is a crucial first step toward financial security. The answer to "How much is enough?" isn't one-size-fits-all—it depends on your lifestyle expectations, health, location, and longevity. However, there are some "rules
Why Insurance Matters – And Why It Starts with You — Center for Financial Planning, Inc.
Life is unpredictable. While we can't foresee every twist and turn, we can prepare for what may lie ahead to help protect ourselves, our family, and our stuff. Insurance often serves as a crucial tool in this preparation, offering a safety net against unforeseen events. Before caring for loved ones,
The Importance of Reviewing Account Beneficiaries and Account Titling Annually in Your Estate Plan — Center for Financial Planning, Inc.
When most clients think about their estate planning, they think about the actual drafting of the documents — their Wills, Durable Powers of Attorney, maybe their Trust. While the documents themselves are crucial components of a comprehensive plan, one often-overlooked step is the annual review of ac
The Power of Working Longer — Center for Financial Planning, Inc.
Saving 1% more towards retirement for the final 10 years of one’s career has the same impact as working one month longer. Yes, you heard that correctly. Saving 15% in your 401k instead of 14% for the 10 years leading up to retirement has the same impact as delaying retirement by only 30 days! Hard t
How to Measure Your Financial Health Before Retirement — Center for Financial Planning, Inc.
Retirement can be one of life's most exciting milestones, but achieving it successfully requires careful planning and preparation. Whether you're a few years away from retirement, just starting to think about it, or already have a determined retirement date approaching, it's essential to ev
What Financial Planning Really Means for You and Your Family — Center for Financial Planning, Inc.
Let me start by telling you what financial planning is not. Financial Planning is not one-size-fits-all. It’s not only for the wealthy. It’s not a one-and-done exercise. And it’s certainly not just about creating a budget or calculating your net worth. Comprehensive financial planning is deeply ho
Helping Aging Parents: Financial Planning for Longevity — Center for Financial Planning, Inc.
More of us are living in a new reality. One in which we are working and caring for our own families while simultaneously facing the needs of aging parents. It is not uncommon that our older adult parents have simply "fallen" into their retirement without a real plan. Many became retirement
Social Security Taxation — Center for Financial Planning, Inc.
In my experience, there is typically a high level of confusion when it comes to understanding how Social Security benefits are taxed (consumers AND many financial advisors!). Understanding how other forms of income interact with Social Security is imperative when constructing a tax-efficient retirem
Q1 2025 Investment Commentary: Diversification Results in Smoother Ride than Headlines Portray — Center for Financial Planning, Inc.
The past few months have been a whirlwind—new leadership in Washington, escalating trade tensions, geopolitical conflicts, and market swings have dominated headlines. Even the Federal Reserve noted heightened 'uncertainty' after holding the Fed Funds Rate steady, and that might be an understatement.
Social Security Fraud Prevention — Center for Financial Planning, Inc.
The Social Security Administration (SSA) has a zero tolerance for fraud, and it works diligently at the national, regional, and local levels to combat fraud that undermines its mission to serve the American Public. To accomplish this goal, the SSA works with the Office of Inspector General (OIG), wh
Exploring the Mega Backdoor Roth: Is It The Right Strategy For You? — Center for Financial Planning, Inc.
As financial planning professionals, we often seek advanced strategies to maximize clients’ retirement savings. One such strategy that has gained considerable attention is the Mega Backdoor Roth IRA. But is this complex approach suitable for everyone? In this blog, we’ll explore what the Mega Backdo
What to Expect Every Day in the Stock Market — Center for Financial Planning, Inc.
I’ve written about expectations before, but I wanted to revisit the topic after a volatile day in the stock market this past January. There was a headline that shook up the tech space, and when you opened a financial news website or turned on your TV – the headlines and reactions made it seem li
Highlighting a Center Service Value — Center for Financial Planning, Inc.
Here at The Center, we focus a lot on our Values! Most commonly, you’ll hear us talking about the Core Values that are near and dear to us as a company. You’re probably already familiar with those if you’ve seen our CENTER acronym, which we use to easily remember them. C ommitment to the
Center Clients Donate over $1.3 Million in Tax-Savvy QCD’s in 2024! — Center for Financial Planning, Inc.
We are proud to announce that The Center assisted clients in donating over $1,350,000 to charities using the Qualified Charitable Distribution (QCD) strategy in 2024! The QCD strategy allows clients with assets in an IRA account and who are over age 70.5 to donate funds directly from their retireme
The Problem with Having Excess to Spend in Your Retirement Plan — Center for Financial Planning, Inc.
You spent your entire working life saving for your future retirement. You may have sacrificed things you wanted or wanted to do, at times, to make sure that you were saving enough for your future financial security. And now that you are retired, you may find that you saved so well that you have more
Are You a Fiduciary? What Are Your Fees? How Does It Work? — Center for Financial Planning, Inc.
Fiduciary vs. Financial Advisor There is often confusion surrounding the differences between financial advisors and fiduciaries. While anyone who gives financial advice may call themselves a financial advisor, what separates fiduciaries is their legal and ethical responsibility to act in the best
1099 Details for Tax Season — Center for Financial Planning, Inc.
Tax season is in full swing (everyone’s favorite time of year, right?!), and 1099s are in the process of being developed and distributed by investment broker-dealers and custodians. The two most common accounts clients own are retirement accounts (Roth IRAs, Traditional IRAs, SEP-IRAs, etc.) or afte
If You’re a Single Woman, These Are the Top 5 Things to Plan for Prior to Retirement! — Center for Financial Planning, Inc.
Retirement planning comes with its own unique set of opportunities and challenges. When you're a single woman, deciding to retire and the many subsequent decisions surrounding that life change can feel like it presents even more anxiety. Focusing on a few key areas to optimize your
Important Information for Tax Season 2024 — Center for Financial Planning, Inc.
As we prepare for tax season, we want to keep you apprised of when you can expect to receive your tax documentation from Raymond James. 2024 Form 1099 Mailing Schedule January 31 – Mailing of Form 1099-Q and Retirement Tax Packages. February 15 – Mailing of original Form 1099s. February
Managing Financial Decisions after a Traumatic Event — Center for Financial Planning, Inc.
Life happens…someone we love passes away, we are diagnosed with a life-threatening illness, we are involved in a horrible automobile accident that totals our vehicle and makes us scared for our lives. And then, to add to the stress, we need to make a significant financial decision. How can we do tha
Past Performance Is No Guarantee of Future Results! — Center for Financial Planning, Inc.
Over the past year, the S&P 500 has had a fantastic run and was up 38% (10/31/23 to 10/31/24). Does that mean we should expect lower returns in the next 12 months? Absolutely not, at least not for that reason.
Q4 2024 Investment Commentary — Center for Financial Planning, Inc.
Think back to one year ago. It's January 2024. So far, the economy had avoided the recession everyone thought was coming. The S&P 500 just wrapped up a +26% year. Bonds provided some positive performance. Inflation was coming down, unemployment was still at historic lows, and the mood could
Three Financial Planning To-Dos for New Parents — Center for Financial Planning, Inc.
If you’ve recently become a new parent, maybe your first thoughts when meeting your new child were like mine: feelings of overwhelming joy and gratitude, but also immense responsibility for this new life. Not only do you need to feed, clothe, and shelter this child, but you are also responsible for
2025 Retirement Account Contribution and Eligibility Limits Increases — Center for Financial Planning, Inc.
The IRS has recently announced the annual contribution limits for retirement plans and IRA accounts in 2025. And while the increases to most of the limits are modest, there are some notable increases. In particular, the legislation Setting Every Community Up for Retirement Act of 2022 (SECURE Act 2.
Rules of Thumb and the Current Bond Market — Center for Financial Planning, Inc.
In a recent Bloomberg interview, famed investor Stanley Druckenmiller shared a rule of thumb that I've heard many times over the years: a good estimate for the 10-year treasury yield is nominal GDP growth (real GDP + inflation). I'm not here to tell you Stanley Druckenmiller doesn't know
The Fed Just Cut Rates (Again) - Do CDs and Treasuries Still Make Sense? — Center for Financial Planning, Inc.
The Federal Reserve’s recent decision to continue cutting interest rates has left many investors wondering about their next moves and how to adjust their portfolios. Safe investment options like Certificates of Deposit (CDs) and U.S. Treasuries remain viable options for conservative investors seekin