I’m self-employed. How do I save for retirement?
When I left corporate, I was worried about not having a 401(k). Then I learned about the SEP IRA, and for my situation, it worked even better. A SEP IRA lets you contribute a significant amount toward retirement based on your self-employment income, up to the IRS annual limits. Those contributions are tax-deductible, which can […]
The biggest difference between Roth, IRA and 401K
Most of us weren’t taught much about retirement accounts growing up, until we got our first job. Even then, we were handed a bunch of options in our onboarding paperwork and told to pick one. I remember when I first started my banking career, my mentor told me “Do yourself a favor, and contribute 20% […]
Are You Investing or Just Gambling?
Many people today think they’re investing when they’re really just chasing hype. They buy trending stocks, follow social media advice, and call it a portfolio. But what happens when the market drops 30%? Most people don’t know what to do. Real investing is not about quick wins. It’s about building a strategy that can survive […]
The Spiritual and Psychological Effects of Tithing: Should We Give Our Time or Money?
“I want to tithe, but what if I can’t afford it?” That’s a question I hear a lot from clients, and it’s one of the reasons I’ve decided to dive into the spiritual and psychological effects of tithing. What is Tithing? Tithing is a donation, or offering, of one-tenth of your income for the service […]
What Should You Really Focus on at Every Stage of Life? A Money Mindset Approach
When it comes to personal finance, questions like these often pop up: These types of questions can create a lot of stress, and while they are common, they can also be misleading. The truth is, one-size-fits-all financial guidelines are about as useful as relying on your astrological sign for investment advice. Just because a so-called […]
Ask an Advisor: Should I let a Financial Advisor Handle All My Money?
This question is a loaded one… but let’s answer it honestly and see what’s in it for you and for the advisor. As a financial advisor, it is easier for me to handle all the money because I can invest the money based on our financial plan and strategy. If part of your money is […]
How do I Invest to get to $1 Million? A Simple Guide
If I had known what I know now about investing, maybe I would’ve reached millionaire status in my 20s, rather than in my 30s. Achieving the goal of having $1 million in your investment portfolio might seem hard, but with the right strategy and mindset, it is absolutely attainable. Let’s break this process down in […]