What are your unique financial values and goals?
How are you protecting your goals? How much should you save?
What is the plan for your business? Your business is your greatest financial asset.
Our greatest strength is our financial professionals.
Our unique process is designed to organize, educate, empower clients to make optimal financial decisions.
Your financial team will include specialized professionals in the areas of tax strategy, estate law, liability insurance, and more.
COO, CHFC®, CFP®
Client Relationship Manager
Interest costs are a drain on any financial plan, so it’s understandable that consumers would seek to minimize them. For many, this means finding the lower interest rate and/or the shortest loan term. But there are other options, especially for home mortgages. And in specific circumstances, what at first appear to be higher-cost or riskier loans may be cheaper and provide additional economic benefits.
Both the English and Metric systems provide accurate measurements of distances, weights and volumes, but most Americans find it difficult to convert from one system to the other. For example, how far is a 26.2-mile marathon in kilometers? Even if you know that a mile equals 1.6 kilometers (and many Americans don’t), and that a 5k race is the equivalent of 3.1 miles, the ratio of 1:1.6 just doesn’t lend itself to quick conversion. (The answer is 42.2km).
If you were asked to list the fundamentals of personal finance, you might include the following: live within your means, control debt, manage risks, and save for the future.
These are fairly universal actions; they apply to everyone’s personal finances. But execution of these basics can vary significantly – in priority, timing and proportion – depending on the source of your income, and your status as an employee or owner.
Whatever your financial condition, cash reserves are valuable; there is never a point where you can say you won’t need them. But while cash reserves are desirable and necessary, the safety and liquidity they require have opportunity costs; this cash could perhaps yield better returns if placed in other investments. The perceived impact of these opportunity costs is magnified by the current low-interest rate environment. When many safe, liquid financial instruments credit less than one percent interest, it’s hard to be excited about keeping money in them.
Money packs a tremendous physiological wallop. In general, the better our personal finances, the healthier we are, emotionally and physically. But when personal finances are out of balance, it can affect our productivity, relationships and personal well-being. And, right now a lot of American households – even those with high incomes – are out of balance. And stressed.
In September 1977, the hit TV show “Happy Days” started its fifth season. Since its debut, the situation comedy about 1950s-era high schoolers had seen a once-minor character, Arthur Fonzarelli – “the Fonz” – become a pop-culture icon for his leather jacket and cool demeanor. The season-opening episode began with the central characters visiting Los Angeles, where, in response to a dare, the Fonz was about to jump a shark – wearing water skis and his leather jacket.