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Under the Influence:  Why Do We Ignore Our Need for Planning?

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Under the Influence: Why Do We Ignore Our Need for Planning?

By Shawndi Purselley, CFP®, CDFA®, Owner and Co-Founder, Wealth Advisor The road to financial fitness can be cumbersome and overwhelming.   To draw an analogy, physical fitness is much like financial fitness.  The advice given to someone seeking physical wellness is very similar to advice I would give to someone seeking financial wellness.  I realized this after my own challenges with both.  How do you begin, continue, maintain and thrive when it comes to financial and physical fitness?

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How a Donor-Advised Fund Can Help Your Charitable Giving

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How a Donor-Advised Fund Can Help Your Charitable Giving

Giving is an important part of our society. It provides us the opportunity to support causes we believe in and make a positive impact. Giving isn’t always about donating money. It can also include volunteering time or donating goods and resources. Here are some examples of the impact:

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How to Use a Trust as a Financial Planning Tool

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How to Use a Trust as a Financial Planning Tool

Clients frequently ask whether they should leave their assets in a trust. It depends. Of course, if your net worth exceeds $11 million, putting your assets in specific types of trusts can be helpful for federal estate tax issues. However, for most Americans, federal estate taxes will not be a major concern.

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How Your Employee Benefits Fit into Your Financial Plan

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How Your Employee Benefits Fit into Your Financial Plan

Your Health Savings Account (HSA) is a cornerstone of your benefits planning. The money is triple tax-advantaged – contributions, growth and withdrawals for qualified expenses are not taxed. This account is like nothing else, and you need to take full advantage of it. 

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In the SECURE Act Era, You’ll Need a New Retirement Strategy. Roth Conversions Could Be It.

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In the SECURE Act Era, You’ll Need a New Retirement Strategy. Roth Conversions Could Be It.

But when the SECURE Act goes into effect – expected on Jan. 1, 2020 – beneficiaries will have to fully distribute taxable accounts within 10 years of the account holder’s death. That could push your loved ones into a higher tax bracket.

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Under the Influence- Forced to Save My Allowance!

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Under the Influence- Forced to Save My Allowance!

By Shawndi Purselley, CFP®, CDFA® As I’ve mentioned before, I lived most of my adolescence with my grandparents.  My grandfather Glen only had a 5th grade education.  However, he managed to own and run his own air conditioning and heating business.  We weren’t well off by any means, but we survived.  Even though my grandparents didn’t save well for their retirement years, Glen did teach me a fundamental lesson about saving money. 

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Yes, Social Security Income Is Taxable – But Yours Doesn’t Have To Be

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Yes, Social Security Income Is Taxable – But Yours Doesn’t Have To Be

As you move toward retirement, you can’t be content just to accumulate assets. You need to develop a retirement income plan that can help guide you when it comes time to turn savings into sustainable retirement income.

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Compounding Wealth (and Wisdom)

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Compounding Wealth (and Wisdom)

No single strategy works forever, but you also don’t want to change your approach every time the markets shift slightly. How does investing work – not just for a season or a year or two, but for a lifetime? Time is a major factor when it comes to successful investing.

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4 Tips to Take Your 401(k) to the Next Level

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4 Tips to Take Your 401(k) to the Next Level

The best kind of money isn’t old, new or even tax-advantaged – it’s free money! If your employer has a 401(k) program, they probably have a matching plan. Know what that is and make sure you max it out. They’re essentially giving you money, which you never want to turn down.

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Under the Influence – Happy Wife, Happy Life?

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Under the Influence – Happy Wife, Happy Life?

By Shawndi Purselley, CFP®, CDFA® Divorce is not a fun topic to discuss.  In addition, there are no shortage of horror stories out there about how poorly they can go.  While you can find many statistics online, most would agree that the divorce rate for Americans is around 40-50% and even higher (60% -73%) for subsequent marriages.   I know a thing or two about this topic! I have been divorced twice and am now happily on my third marriage.  Although statistics are not in our favor, I am determined to beat the odds.

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