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 Way We Compare Retirement Savings is Broken: Here’s Something Better

Am I on track? No matter the person, their stage in life, or their level of success, this is the ultimate question I hear as a financial advisor. What they specifically mean by ‘on track’ can vary by person, but most are curious to know if they have saved enough to retire comfortably. Read more…

What to Know About Pig Butchering Scams

In the ever-evolving world of financial fraud, a new investment scheme with an unusual name has emerged. Known as the "Pig Butchering" scam, this term, as unsettling as it sounds, metaphorically represents the methodical way scammers fatten their victims' trust before going in for the financial Read more…

529-to-Roth IRA Transfers: What Are They and Can You Make One?

You Can Now Convert Unused 529 Funds Into A Roth IRA For Your Beneficiary 529 college savings plans have become a popular vehicle for parents and grandparents to set aside money for their children or grandchildren's’ college expenses. Read more…

Is My Investment Portfolio Properly Tax-Optimized?

It’s common knowledge that simply saving for retirement isn’t enough. Investing those savings can help your nest egg outpace inflation and grow exponentially to maximize your retirement potential. Read more…

What is FedNow: An Overview of the Federal Reserve's New Instant Payment System

With the rise of instant payment services like Venmo, PayPal, CashApp, and Zelle, the Federal Reserve has responded with a new offering. Read more…

Maximizing Your Retirement Contributions: Calculating Your Modified Adjusted Gross Income (MAGI)

Each year as tax season approaches, it's increasingly relevant for high earners and astute savers to understand the relationship between their Individual Retirement Account (IRA) contributions and tax filings. This understanding is a key component of an effective financial strategy. Read more…

The Ins and Outs of Intrafamily Loans

In today’s high interest rate environment (with current AFR sitting well over 4%) many people are turning to intrafamily loans to assist with major investments as opposed to commercial lenders. Read more…

What is Retirement Planning and How Does it Work?

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What to Look for to Improve Your 401(K) in 2024

As another year begins, 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 team's life easier? Read more…

10 Reasons You Shouldn't Do Your Own Investing: What We've Learned Over 40 Years in the Market

With so much information on market trends and investing strategies seemingly easily available, managing your own investments might seem appealing. The idea of DIYing is one worth investigating, particularly for those with a strong interest in their finances. Read more…

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