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Huskey Financial Blogs
Here are some of our ideas around financial planning, education, and strategies that have helped numerous clients.
Our goal is to provide as much educational content each month to make you more confident in your lifestyle and retirement decisions.
Juvenile Life Insurance Policies
For many parents and grandparents, helping children get an early financial start is a top priority. One often-overlooked strategy is juvenile whole life insurance.
Read MoreUnderstanding the 83(b) Election: A Critical Step for Startup Founders
If you’re a startup founder or early team member receiving restricted stock, there’s a powerful tax move you should know about: the Section 83(b) election.
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What In The World Wednesday- 8/6
The equity market ran into resistance this week as a confluence of policy headwinds, softening economic data, and high-profile earnings letdowns challenged the momentum that had carried major indices to record highs just days earlier.
Read MoreThe "One Big Beautiful Bill" Act Overview
This guide covers some of the most relevant changes and how they might impact you and your loved ones.
Read MoreNew research shows: Financial wellness is key to women’s well-being
A new report is shedding light on women’s well-being and the impact of financial wellness on overall well-being. Here are some important stats to pay attention to...
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What In The World Wednesday- 7/9
With Independence Day right around the corner, the "One Big, Beautiful Bill," having passed a key procedural vote in the House after the Senate approved its version of the bill earlier in the week, looks destined to be signed into law.
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What In The World Wednesday- 7/2
A busy week ends on a record-high note
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Where In The World Wednesday- 6/25
The market had a shortened week of trading but also a fitful week of trading that revolved around headlines pertaining to the Israel-Iran conflict, central bank decisions, and economic data.
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Statement From Huskey Financial on Geopolitical Tensions
In times like these, with geopolitical risks escalating and markets reacting to global uncertainty, it’s critical to have a deep, experienced investment team monitoring the situation daily.
Read MoreFeeling Spooked by Long-Term Investing?
In times of market uncertainty, it's natural for investors to feel uneasy about locking their money away for the long haul. Whether it’s volatility in the stock market, economic headlines, or simply life circumstances that make you hesitant
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What In The World Wednesday- 6/11
A big macro week ends on a high note (and the S&P 500 at 6,000) There was a lot of drama in the market this week, the most prominent of which was the reconciliation bill feud between Elon Musk and President Trump that blew up on...
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What In The World Wednesday- 6/4
A short, winning week closes out a big month of gains It was a short week of trading with the Memorial Day holiday on Monday, but the market started the week with a bang after President Trump announced a deferral of the 50% tariff rate...
Read MoreDynasty Trusts: A Powerful Asset Protection Tool for Entrepreneurs
As an entrepreneur, building wealth is only part of the journey — protecting that wealth for future generations is equally critical.
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What In The World Wednesday- 5/21
Trade war de-escalation fuels winning week. It was a winning week for stocks.
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What In The World Wednesday- 5/14
There wasn't a lot of change in the major indices this week, which continued in a consolidation pattern following the huge run off the April 7 lows. A nine-session win streak for the S&P 500 was broken on Monday, serving...
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What In The World Wednesday- 5/7
The stock market had another winning week. The S&P 500 closed 2.9% higher than last Friday, logging its ninth-straight win at the end of the week. The Nasdaq Composite was 3.4% higher than...
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What In The World Wednesday- 4/30
The stock market had a strong showing this week.
Read MoreWhat In The World Wednesday- 4/23
Tariff headlines remain top of mind The stock market was mostly lower at the end of this turbulent week. The market started the week strong amid relief that smartphones, laptops, semiconductors, solar cells, and other electronic items...
Read More401(k) Losses in 2025: What Happened and How to Protect Your Retirement
You may have noticed a significant dip in your 401(k) this month. Learn why and what to do about it.
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What In The World Wednesday- 4/16
It was far from an ordinary, or boring, week on Wall Street. The trading action was frenetic, along with the tariff headlines, while the action across asset classes was confounding.
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What In The World Wednesday- 4/9
This week marked a dramatic downturn in U.S. equity markets, driven by escalating trade tensions and fears of a recession.
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What In The World Wednesday- 4/2
This week, U.S. equity markets faced significant volatility, culminating in notable losses across major indices.
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What In The World Wednesday- 3/26
The stock market continues to contend with similar concerns to recent weeks. Namely, uncertainty pertaining to economic growth, corporate earnings, and tariffs.
Read MoreWhat to Do If the Market Declines
Market downturns are an inevitable part of investing. While they can be unsettling, understanding how to navigate them strategically can help protect your portfolio and even uncover new opportunities for growth.
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What In The World Wednesday- 3/19
It was another disappointing week for stocks. The market has been in a downtrend for a few weeks on the basis of growth concerns and tariff fears, which continued this week.
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What In The World Wednesday- 3/12
It was a rough week for the stock market. The major indices logged solid declines ranging from 2.4% to 4.1%. Growth concerns and tariff worries were the main driving forces again, along with some technical deterioration.
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What In The World Wednesday- 3/5
The final week of February was marked by some corrective action in the major indices.
Read MoreUnderstanding the Mega Backdoor Roth: A Powerful Retirement Savings Strategy
The Mega Backdoor Roth is a powerful retirement savings strategy that allows high-income earners to contribute a significant amount of after-tax dollars to a Roth IRA or Roth 401(k), potentially growing their retirement savings tax-free.
Read MoreFinancial New Year’s Goals for Pre-Retirees: A Financial Advisor's Guide
As the new year unfolds, it’s a great time to reassess your financial goals, especially if you’re nearing retirement.
Read MoreStrategic Financial Resolutions for Business Owners In 2025
As the New Year unfolds, business owners have a golden opportunity to set fresh financial resolutions that can pave the way for sustained growth and stability in 2025.
Read MoreThe Perils of Dry Promotions: Why They Harm Your Business and Employees
In the dynamic world of business, employee promotions are not merely a tool for rewarding hard work but are also crucial for fostering growth and morale within a company.
Read MoreTop Financial Gift Ideas for Your Loved Ones This Holiday Seaso
The holiday season is the perfect time to show appreciation and support to the people we care about, and financial gifts are a thoughtful way to do just that.
Read MoreElection Update: What's Next for Taxes?
There is talk that the Tax Cuts & Jobs Act (TCJA) of 2017 may get extended. With Republicans in control of the legislative and executive branches, most agree that tax reform will be part of the federal budget process in 2025.
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Understanding Qualified Charitable Distributions (QCDs)
A Qualified Charitable Distribution allows individuals aged 70½ or older to donate directly from specific retirement accounts to qualified charities without recognizing the distribution as taxable income.
Read MoreSmart Financial Practices for Business Owners During the Holiday Season
Here are some essential financial practices to help business owners navigate the holiday months with confidence and set up a strong start for the new year.
Read MoreLoud Budgeting: Embracing Financial Transparency and Accountability
In an age where personal finance and budgeting have become hot topics, a new concept is rising to the forefront: loud budgeting. At its core, loud budgeting refers to a transparent and vocal approach to managing one’s finances, often shared
Read MoreWhat Is A Wealth Building Account (WBA)
A Wealth Building Account (WBA) is a specialized financial product designed to help individuals grow their assets over time, aiming for financial independence and prosperity.
Read MoreUnderstanding High-Yield Savings Accounts: A Smart Way to Grow Your Savings
A high-yield savings account (HYSA) is a type of savings account that offers higher interest rates than traditional savings accounts, making it a valuable tool for potentially growing your money.
Read MoreThe Importance of Business Succession Planning for Family Businesses
According to the Family Business Association, more than 30% of family-owned businesses survive into the second generation, but only 12% make it to the third generation, and a mere 3% survive into the fourth generation or beyond.
Read MoreTax Planning vs. Tax Preparation
Learn the key differences between tax planning and tax preparation. Discover how proactive tax strategies can help you minimize liabilities and maximize savings year-round.
Read MoreTaxes In The 2024 Election
In the 2024 presidential election, tax policy is a significant focus for both candidates, with contrasting proposals from former President Donald Trump and Vice President Kamala Harris. Here is a brief overview from what we have read.
Read MoreA Business Owner's Strategic Tool for Growth and Planning
A third-party business valuation is a crucial process that provides an un-biased analysis of your company's worth. Whether you’re planning for expansion, preparing to exit, or protecting investments, here’s how a valuation can help..
Read MoreUnderstanding Whole Life Insurance: A Comprehensive Guide
When it comes to financial planning, insurance plays a key role in protecting your family’s future. One popular option is whole life insurance, a form of permanent life insurance that offers both a death benefit and a savings component...
Read MoreLife Insurance for Dummies: A Beginner’s Guide
Life insurance might seem complex and morbid, but at its core, it's a simple concept: it's financial protection for your loved ones when you’re no longer around. In this guide, we’ll break down everything you need to know about life...
Read MoreFinancial Tools for Parents: A Guide to Saving for Your Children’s Future
As parents, securing your child's future often includes helping ensure they have access to the resources they need, whether it's for education, health, or general well-being. One of the best ways to prepare for these future expenses is...
Read MoreThe Benefits of Selling Your Business to a Management Buyout (MBO) Team
Selling a business is a pivotal moment for any entrepreneur. Among the various exit strategies available, one often overlooked but highly advantageous option is selling your business to a management buyout (MBO) team.
Read MoreHow the Connelly Decision Impacts Buy/Sell Agreements: Experienced Guidance
Learn how the Connelly Decision impacts Buy/Sell Agreements for business owners. Huskey Financial offers experienced guidance on creating legally sound agreements. Protect your business's future today.
Read MoreWhy Freezing Your Credit is Crucial Amid the Recent Social Security Data Breach
Learn why freezing your credit is essential following the recent Social Security data breach. Protect yourself from identity theft with these simple steps.
Read MoreHow Rule 72(t) Can Help Pre-Retirees Access Retirement Funds Early
Discover how Rule 72(t) allows pre-retirees to access retirement funds early without penalties. Learn the benefits, risks, and how Huskey Financial can guide your retirement planning strategy.
Read MoreHow to Maximize Tax Reduction Annually for Small Business Owners
Discover top tax reduction strategies for small business owners in 2024. Learn how to leverage QBI deductions, optimize retirement contributions, and reduce your tax burden with experienced tips.
Read MoreExploring Gift Leasebacks for Small Business Owners
As a small business owner, you may have fully depreciated assets within your business that still hold significant value. There is a way to unlock this value and inject much-needed liquidity into your operations.
Read MoreThe Secure 2.0 Student Loan Match: A Game-Changer in Employee Benefits
Under the Secure Act 2.0, employers now have the opportunity to provide matching contributions to the employee's 401k when their employees make qualified student loan payments.
Read MoreUnderstanding ESOPs: A Guide to Employee Stock Ownership Plans in Business Sales
In the realm of business transitions, employee retention, and succession planning, Employee Stock Ownership Plans (ESOPs) have emerged as a powerful tool that benefits both business owners and employees.
Read MoreThe Basics of Maintaining Good Credit for Young Adults
In today's financial landscape, understanding the importance of maintaining good credit is crucial for young adults as they navigate their financial futures.
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3 Hacks to Curb Impulse Buying
In the era of online shopping, social media ads, and a certain website where you can buy ANYTHING and have it delivered to your door in days, how can you keep your money in your bank account? Let's talk about some money saving tips.
Read MoreProtect The Business You've Built
If you or a partner became disabled without the prospect of returning to work, how would you transition yourself or a partner out of the business while satisfying the interests of all parties involved?
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Gauging Financial Wellness: Milestones for Every Age Group
Financial wellness is a crucial aspect of overall well-being, and setting milestones can help individuals track their progress and plan for the future. Here are some key financial milestones people can gauge their financial health with.
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Understanding Small Business Structures
When it comes to starting a small business, choosing the right organizational structure is crucial. Each type of organizational structure comes with its own set of characteristics, advantages, and disadvantages.
Read MoreUnderstanding Annuities: Types, Benefits, and Risks
You may have heard of an annuity before, or like most financial tools, you have heard of it but have no idea what it means. Let's take a closer look at these financial tools that could shape your financial future in ways you never imagined.
Read MoreThe Power of Reinvestment: Fueling Long-Term Success for Physicians in the Business World
In today's competitive business landscape, reinvesting in your business is not just a smart move; it's an essential step toward achieving long-term financial success.
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Your Financial GPS: What is A Financial Advisor?
We have all been humbled by an uninformed shot-in-the-dark snap financial decision that has impacted ourselves, our credit score, our lifestyle, etc. That's where a financial advisor comes in.
Read MoreMaximizing Wealth Growth and Reducing Taxes: A Financial Advisor's Guide
Welcome to our informative blog on financial arrangements that can help you reduce your taxes annually and maximize your wealth growth potential. In this article, we will explore the basics of taxes and taxation, discuss different tax...
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What The Last Recession Taught Us
The last recession, as most of us know occurred between 2007 and 2009, left an indelible mark on the global economy. Many people lost their jobs and homes, and businesses across the world were forced to shut down. Remembering that...
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Maximizing the Qualified Business Income (QBI) Deduction for Physicians
Are you looking for ways to lower your tax liability and keep more of your hard-earned income? Check out our latest article on Qualified Business Income (QBI) deductions, where we explain who is eligible for this tax benefit and more!
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3 Things To Consider When You've Hit "The Freedom Point"
When you started your business, its value was probably negligible. Unless you purchased or inherited your company, it wasn’t worth much when you opened your doors, but over time, the proportion of your assets tied to your business may have
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Wealthy Woes: Financial Challenges for High Earners
When we think of high-income earners, particularly doctors, we often assume they are immune to financial challenges. However, the reality is that even those in high-paying professions can face a variety of financial hurdles.
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Late Bloomer Docs: Retirement Game Plan
Physicians! Are you feeling anxious about retirement because you started your medical career later than the norm? Don't worry, we've got you covered. Check out the article for tips for physicians with a late start.
Read MoreYear End Tax Planning Tips for Individual and Businesses in South Carolina
The end of the year is rapidly approaching and it is time to begin planning year end tax strategies to help lower your 2022 tax burden. It is important that you get in touch with your financial advisor ASAP for a tax strategy session...
Read MoreStart Planning Your 2022 Tax Strategies Now
With the end of the year rapidly approaching, now is the best time to begin planning tax strategies that will make your life easier and less burdensome come April 15, 2023. The fourth quarter of 2022 is really your last opportunity to...
Read MoreWhy Financial Planning is Important for Businesses and Families
Financial planning is an important process for any size of business or family. The goal of this process is to allow all interested parties to communicate their financial goals and concerns in order to arrive at a cohesive financial...
Read MoreCreating a Financial Mission Statement
A financial mission statement is one message that covers all of your current thoughts, dreams, and fears about your financial future. For instance, your financial mission statement might say, “My financial mission statement is to use my...
Read MoreCash Flow Mapping for Physicians and Small Business Owners
Traditional budgeting methods view cash flow by looking backwards. Cash Flow Mapping is forward-looking and is based on discipline and logic. Instead of looking at where your money went, this tool looks at where your money is going.
Read MoreA Life of Purpose: Build Businesses that Generate Recurring Revenue for a Greater Purpose
Recently, on Steven Huskey’s podcast Portfolio Pulse, he had the opportunity to interview a remarkable guest. Steven’s guest, Kyle King is almost 30 years old, yet he's already an accomplished author, working on his 8th...
Read MoreIncrease Savings and Reduce Debt with the Shred Method
Increase Savings and Reduce Debt with the Shred MethodHuskey Financial is your resource for financial education. We strive to remove financial complexities and help you make decisions to grow wealth and security. Steven Huskey recently...
Read MoreTax Planning Strategies for Physicians and Small Business Owners
Optimizing cash flow, planning for retirement, and developing a tax strategy are important considerations for physicians and small-business owners. These groups of professionals face tax exposure due to a number of factors, including...
Read MoreKey Employee Retention Strategies for Business Owners
Since before the beginning of the pandemic, small business owners have been struggling with the Great Resignation. As much as 44% of the workforce is actively seeking new employment...
Read MoreIs My Business Eligible for the Employee Retention Tax Credit?
The past few years have been rather tumultuous for business owners, especially in a financial sense. Changing consumer attitudes, a volatile economy, and various regulations have made it more difficult than ever to be an...
Read MoreWhat’s the True Cost of Losing Top Talent?
For business owners, losing a key employee you have trained and cultivated a relationship with is always a downer—but did you know that it is something that can eat into your bottom line, too? Retaining key employees is important...
Read MoreIs the 4% Safe Withdrawal Rate Still Applicable in Retirement Today?
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How Can Physicians Use Real Estate Professional Status to Save?
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What Does "Keeping Up with the Joneses" Do to Your Balance Sheet?
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What Are the Differences Between Mutual Funds and ETFs?
If you are looking to start or rebalance an investment portfolio, you have likely seen a lot of information circulating regarding mutual funds and exchange-traded funds (ETFs). Both of these systems are designed to pool investments...
Read MoreCleaning Up Your Financial Plan for the New Year
There is never a bad time to make an effort to organize your financial plan, but around the new year is an extremely common place for people to start. Whether you are making your New Year’s resolutions financially themed or you...
Read MoreWhat Are the 5 Main Financial Risks to Plan For?
It is no understatement that life is full of surprises. Though these unexpected events can often be welcome and joyful, there are also surprises that are less pleasant—and if these surprises derail your financial goals, they can...
Read MoreHow to Fill Out a FAFSA Form
If your child is getting ready to enroll in college for the first time, there are probably a million things on their to-do list—and on yours! Between sending test scores, writing admissions essays, and keeping track of each...
Read MoreQuestions to Ask When Choosing a Financial Advisor
Finding the right financial advisor is a must if you’re planning to become more serious about managing your money and growing your wealth. Financial advisors are just as unique as the portfolios they manage—because every...
Read More3 Signs That it Might Be Time to Sell Your Business
As a business owner, making the right choices on behalf of your enterprise is something that becomes like second nature once you do it enough. However, when it comes to facing the choice regarding whether to step away from your...
Read MoreWhat is an Initial Public Offering?
If you’ve heard of an initial public offering (IPO), you have likely heard of them in the context of lucrative investments and major money making opportunities—and at times, this is true. With the rise of the technology...
Read MoreHow to Determine Your Yearly Milestones for Retirement Savings
While it might not always feel like the most pertinent task, saving for retirement is one of the most important things that a person can do with their money. Having an adequately padded retirement fund ensures that you are able to...
Read MoreSaving for Short-, Mid-, and Long-Term Life Goals
Saving money is an important part of any comprehensive financial plan, but if you’re like the majority of people, it is often the hardest part of your budget, too! Having life goals to save for can often make the process easier,...
Read MoreA Guide to Equity Compensation Plans & How They Are Vested
With such a competitive job market, especially for specialized roles, companies have begun to recognize the need for offering benefits that extend past PTO and 401(k) matching. For many companies that are public or are hoping to...
Read MoreTax Planning Considerations for Vesting Company Stock
When dealing with any kind of income, taxes should be a major consideration—especially if you find yourself with stocks or RSUs from an employee compensation plan. While exercising your stock options can be a great bonus to your...
Read MoreHow Can I Stay Financially Organized?
Organization is something that is not often talked about in conversations surrounding financial wellness, but we believe that it deserves to be a part of the discussion. If your finances are not organized, it can quickly lead to extra...
Read MoreHow Can I Increase the Value of My Business?
It’s safe to assume that any business owner is interested in growing the value of their enterprise, but through conversations with our clients, we’ve found that many are simply unsure of where to begin. While traditional...
Read MoreWhy Do Dentists Wait to Retire Later in Life?
For those that own their own dental practice, retirement might be the ultimate daydream. If you can’t wait to be living on your schedule, golfing at off-peak times, and enjoying yourself on any day of the week, you aren’t...
Read MoreDebt or Savings: Which Do I Contribute to First?
For most of us, needing to pay off debts and save money simultaneously is a fact of life. Whether you are paying down medical school loans, chipping away at a large purchase, or contributing to your mortgage, these recurring expenses...
Read MoreWhat Does it Mean to Be Truly Diversified in Your Portfolio?
Building an investment portfolio can be a frightening thing. As you work with a financial advisor to allocate your dollars towards various investment prospects, there is always a game of tug-of-war between the possible risk and...
Read MoreHow Much Life Insurance Do I Need?
Buying life insurance is one of the best investments you can make for your loved ones’ financial future after you’re gone. Designed to cover your financial obligations after death, life insurance can make a major...
Read MoreWhat is Disability Insurance and Why Should I Have It?
While most people think of health insurance and life insurance when they consider protecting their assets, disability insurance is something that should not be overlooked in a comprehensive financial plan. Though your home and...
Read MoreWhen and Why You Need an Estate Plan
Estate planning is something that many of us are keen to put off until it is necessary, but many people do not realize just how necessary it is early on in life. While a will is the bare minimum, a comprehensive estate plan addresses...
Read MoreQualifying for Public Service Loan Forgiveness
For many working to budget effectively and save for their future, student loan debt is one of the biggest obstacles they face. Because of high interest rates and low payment requirements, this is not just a problem that impacts people...
Read MoreAn Action Plan for Repaying Student Loans After Medical School
For the majority of current and future physicians, the debt associated with pursuing medical school is one of the biggest detractors of the profession. In fact, 73% of students graduate from medical school with debt, and the average...
Read MoreRepayment Options for Medical School Loans
When you’re pursuing your education, the medical school loans you are accruing are a thought for the distant future—but once graduation rolls around and you begin to compare job offers and consider what your salary will be,...
Read MoreStrategies for Paying Off Medical School Debt
There are few negative things to be said about choosing a career in the medical field, but one that comes up time and time again is the prevalence and pervasiveness of the debt accrued in student loans. While student loan debt is...
Read MoreHow Physicians Can Avoid the Need to Budget
How Physicians Can Avoid the Need to Budget Many physicians are no strangers to the necessity of scrimping and saving—after all, during the residency process, there are not many future doctors who have funds to spare. However,...
Read MoreHow to Make a Budget For Your Dental Practice
While many people may not think of money management as an integral part of a dentist’s job, for those who are in private practice, they are all too aware of its importance. It is estimated that around 80% of dentists end up...
Read MoreHow Much Does a Doctor Need to Retire?
Retirement is a huge life event for a number of reasons, especially for physicians who have had a fulfilling career and are wary about taking the leap into their next phase of life. On top of the general change that comes with...
Read MoreThe Key to Unlocking Your Highest Income Potential in Retirement
No one wants to work forever, and most people work diligently to invest, plan, and save in order to retire as quickly as possible. As you work to build your nest egg, most do this with the assumption that it will all be theirs to...
Read MoreSmart Tips to Increase Your Credit Score
If you’ve ever applied for a loan, tried to finance a new car, or qualified for a mortgage, you know that your credit score has a big impact on nearly every element of your financial life. Any lender will look at your credit...
Read MoreWhat Are the 5 C’s of Credit?
In anything involving finance, you are likely to hear the word “credit” mentioned a lot. Credit is defined as, “the ability to borrow money or access goods or services with the understanding that you'll pay...
Read MoreCompound Interest and the Shadow You Can’t Outrun: Compound Taxes
When people set up accounts to save and invest their money, they are planning for two phases of their life: accumulation and distribution. It is a common recommendation that they take advantage of compounding interest—and in...
Read More6 Tips for Saving for College and Retirement At the Same Time
Let’s face it: saving money can be a difficult task. Especially when there isn’t a well-defined plan in place. And with so many goals and future events to plan for, where do you start and save for all-at-once? If you have...
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