Blog

At Plancorp, we don’t wait for you to ask the right questions.
We take the initiative to offer insights and guidance — real enlightenment for real life.

The Real Cost of DIY Finances

With a few practical skills and knowledge, DIY projects in your home or car can save you money. Financial planning, however, isn't the same as painting a room or replacing a headlight. In fact, DIY financial planning can cost you more than you think compared to the cost of professional help. Read more…

Succession Planning 101: What is It and Why Is It Important?

There comes a time that every business leader must ask themselves a question: "Before leaving my business, how do I go about planning for a successor?" With factors such as generational wealth, future goals, and executive strategies all tied up in your leadership role, you need to know how to Read more…

How to Build an Effective Exit Strategy for Your Business

While you might not equate your business exit strategy with a family vacation, it actually helps to think of it like one (metaphorically speaking, of course). You probably wouldn't wait until a couple of weeks before your departure to start planning the trip. You wouldn't hold off until a few days Read more…

401(k) Inflation and its Impact on Your Retirement Plan

With inflation continuing to rise, many investors are concerned about the impact that this may have on their 401(k) plans. These concerns have become even more valid as inflation rates continue to hit decades-high levels, reaching 8.52% in August 2022. Investments and their dividends don’t adjust Read more…

New Accolades for Plancorp in 2022

We are very proud to announce two major awards for the Plancorp team. Read more…

What to Look for to Improve Your 401(K) in 2023

As another year winds down, there is a lot on business owners minds.  How do I keep my best employees? How do I reduce business expenses?  Now is a great time to assess portions of your business.  Is there a better, cheaper, way to do something?  Is there a way to make your teams life easier? Read more…

How to Prevent Lifestyle Creep from Impacting Your Financial Future

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15 Key Terms to Know About Your Employees Stock Purchase Plan

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Passing Your Legacy of Generosity this Giving Tuesday

Children naturally have a generous heart to help a friend or be concerned when someone is hurting. We hope those future young adults will continue to flex their empathy and compassion muscles, perhaps even with tangible stewardship of time and treasure. An added benefit is adding money topics into Read more…

What is a Family LLC

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10 Times in Life When You'll Definitely Want a Financial Advisor

Working with a wealth management advisor has tremendous benefits due to the holistic approach they take to your financial health. An advisor does much more than manage your investment portfolio; they relieve you of stress and help you achieve your dreams. Throughout life’s changes, your wealth Read more…

How to Break up with Your Financial Advisor (and Find a New One)

Not every relationship is a "fit," and sometimes they just have to end when people aren't on the same page. Sometimes business partnerships and personal relationships have an end date, and the same might also apply to your financial advisor. Read more…

Stages of Wealth Management: The Process

Life is the culmination of stages. Within each stage, unique milestones exist that call for careful planning. Goals, desires, and priorities can shift and evolve. At the most basic level, early on, your focus is on asset accumulation. As you near your retirement, that focus shifts to growing and Read more…

Questions to Ask About Charitable Giving Before Making Contributions

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Investment Management vs. Wealth Management: What’s the Difference?

It can be confusing to hear various financial planning terms and know what best suits your needs. They might sound the same, but investment and wealth management are quite different. Knowing the difference can help you align your financial goals with what is available when choosing an advisor. Read more…

Social Security & Medicare Quick Guide from InspireHer

This blog summarizes the information and discussion shared at a recent InspireHer event at Plancorp’s office by Senior Wealth Manager, Jessie Weiss. If you are interested in learning more about the InspireHer mission to inspire financial confidence among women or to sign up receive updates about Read more…

Do I Need a Wealth Manager or a Financial Advisor? And What's the Difference?

When you’re looking for a professional to help manage your finances, the terms financial advisor and wealth manager might seem interchangeable. But when you take a step back and think deeply about the role you need that professional to play — and the value they offer — you start to see important Read more…

What is a Fiduciary? Dual Registration Can Make It Harder to Tell

Many successful investors know what a fiduciary is and want to work with an advisor who is legally required to put clients’ interests first. But even people who understand the value of a fiduciary might be surprised to learn that not all fiduciaries are the same.  The differentiator? Dual Read more…

Tax Planning with Cryptocurrency

This is the third installment in a series on planning for cryptocurrency assets. The purpose of this series is not to debate the merits of cryptocurrency or provide commentary on its outlook. Instead, it’s meant to serve as a resource for those holding cryptocurrency and how to properly factor it Read more…

Incorporating Crypto into An Existing Investment Allocation

This is the second installment in a series of posts on how to properly factor your crypto holdings into a financial plan. The purpose of this article is not to debate the investment merits of crypto — there’s enough of that on the internet already — but instead, it will focus on how to incorporate Read more…

Estate Planning for Cryptocurrency

While there are plenty of trendy headlines in the world of investing, one of the trendiest topics over the last few years has been cryptocurrency. Whether you’re in tech, finance, politics, or infrastructure, cryptocurrency is a talking point. Read more…

A Guide to Asset Allocation Models

Asset allocation is a relatively simple concept: It involves dividing your investment portfolio among various assets—including stocks, bonds and cash—in an effort to balance risk and reward. Read more…

The 3 Best Ways to Save on Taxes With Multiple Business Ventures

If you have multiple income streams, there are strategies you can take advantage of to minimize tax expenses. Whether one of your revenue streams is from part-time employment or you're 100% self-employed, there are many factors to consider when you file your annual taxes. Read more…

When Should You Cash in Your Stock Options?

Company stock options have the potential to be incredibly valuable, but cashing them in is often tied to complex emotions. Am I defying my company? How do I know when it's the right time?  Too often we allow our emotions to drive financial decision-making. When we separate our money from our Read more…

3 Financial Gender Gap Things We Can Take Charge On

In 2022, men still out earn women in comparable roles. While society still has a lot of catching up to do, there are things all women can do to better plan and invest in our futures. Read more…

How to Know If You're Financially Ready to Start a Business

Entrepreneurship in the United States is certainly on the rise. If you've been thinking about starting your own business, there are several factors to consider but evaluating your financial health should be your first priority (after writing a business plan). Read more…

Preserving Generational Wealth: What to Know About Family Trusts

Families that have worked hard to build wealth want to share that success with their children, grandchildren, and beyond. When it comes to building that kind of generational wealth, a family trust is a great place to start.  Family trusts are a key tool for managing wealth carefully over multiple Read more…

Current Market Trends with Plancorp CEO and CIO | Client Q&A

On May 18, 2022, Plancorp CEO, Chris Kerckhoff, sat down with Chief Investment Officer, Peter Lazaroff, for a client Q&A regarding recent market trends. We compiled a transcript of that conversation for those who could not attend. Read more…

The Risks of a Single Stock Concentration

Say the word “investing” and a lot of people automatically think of buying individual stocks. Even though the stock market isn’t the biggest financial market out there—that would be the bond market—it’s the one that gets the most attention. As a result, people tend to gravitate toward stock Read more…

Plancorp Client Updates Regarding The TD Ameritrade Acquisition

Announced in 2020, TD Ameritrade Institutional was acquired into Schwab Advisor Services (Schwab), kicking off a multi-year integration process. Much of the integration work will not impact end-users directly, but we have created this page to house the latest information and any actions our clients Read more…

Bear Market Commentary

  The S&P 500 is flirting with bear market territory (defined as a 20% decline from the high) as investors grapple with several variables including multi-decade high inflation, aggressive monetary policy tightening, and persistent global supply chain issues. Whether we are heading towards an Read more…

8 Ways Women Can Invest in Themselves as Leaders

The working world is going through a revolution due to the global pandemic; professional women have had to navigate age-old issues in new ways. Women made up 47% of the workforce before the pandemic rocked our world, yet accounted for 54% of the initial job losses due to coronavirus shutdowns, Read more…

Video Series - Mistakes Business Owners Make And How to Avoid Them

Starting a business can be overwhelming. Part of ensuring that you're poised for success is having a Certified Financial Planner at your side to make sure you've covered every aspect and protected yourself and your business to the fullest extent. Having the right financial advisor by your side Read more…

How Much Money Should You Contribute To Your ESPP?

Employee stock purchase plans are a great benefit that many companies offer to help employees invest in the future of the company and make more money. You may have already decided to invest in yours, but you’re not sure how much money you should be contributing. At Plancorp, we can help you gather Read more…

Strategies for a Successful Employee Stock Purchase Plan

Many companies offer their employees the option of entering into an employee stock purchase plan (ESPP). There are perks to joining a program like this (hello, free money!), but there are also implications if not done correctly (taxes).  At Plancorp, we’re here to set you up for success. This is a Read more…

Understanding Equity Compensation and Incentive Plans

Equity compensation plans come in multiple forms, including stock options, restricted stock units (RSUs), and employee stock purchase plans. Each is designed to give employees a direct stake in the financial success of their companies, and hopefully to provide additional monetary benefits beyond Read more…

Smart Tax Strategies, Return Tips and Mistakes to Avoid with Equity Compensation

One of the most powerful advantages of equity compensation is that equity awards typically offer ways to defer or minimize taxes. But making the most of stock options, restricted stock units and other types of equity compensation requires smart tax planning—otherwise, you could end up with a Read more…

The Different Types of Equity Compensation You Need to Know

When employees find out they're getting equity compensation from their employer, their first reaction is typically, "Great!" Their second reaction is often, "How does this work?" Both reactions are understandable. In most cases, equity compensation is a net win for employees. It rewards you for a Read more…

The Information You Need For Every Type of Business Exit Strategy

As a business owner, you may have spent years growing, cultivating and shaping your company to match your strategic vision. It’s your baby, your lifeblood. While moving on or selling it might not be on your mind currently, but considering an exit strategy and succession plan now will help you to be Read more…

Charitable Contributions with Equity Compensation, Estate Planning and Taxes

A charitable contribution is the gift of cash or property made to a nonprofit organization. The gift is meant to help an organization accomplish its goals, and the donor receives nothing in return.  In most years, taxpayers can deduct cash charitable donations to public charities of up to 60% of Read more…

Estate Planning for Dummies: 10 Helpful Estate Planning Tips

The rule is simple: If you own assets of any kind, you should make an estate plan. Estate planning isn’t just for the ultra-wealthy or older generations — it’s a crucial component of your complete financial plan. In this blog, we’ll share 10 estate planning tips to prepare you and your family for Read more…

New Contribution Limits for Retirement Plans, Health & Dependent Savings Accounts, and Estate & Gift Tax for 2022

With a new year comes many new changes – putting up a new calendar, making New Year’s resolutions, AND new contributions and gifting limits imposed by the IRS. The IRS reviews the contribution limits and income phase-out ranges for retirement plans, health and dependent care savings accounts, and Read more…

What is the Difference Between an Estate Plan, a Will and a Trust?

You’ve likely heard it before. Regardless of health, wealth, marital status, or parenthood, everyone should think about estate planning. Most people beginning the process of estate planning – and those who have already created their estate plan - know that wills and trusts are both important Read more…

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