When funded early and consistently, an Individual Retirement Account (IRA) can be a cornerstone of retirement planning. By combining the magic of compounding, a long time for growth, and shelter from taxes, the wealth-building equation can really work in your favor. Read more…
No, You (Probably) Don't Need Permanent Life Insurance
Nearly everyone needs life insurance, but it’s easy to end up with a bad policy. That’s not your fault. It happens because of predatory sales tactics that are often used by people who sell insurance. Read more…
InspireHer Business Owner Spotlight - Dr. Becky Lynn, CEO & Founder of Evora Women's Health
Join InspireHer founder and Senior Wealth Manager, Sara Gelsheimer, for a chat with physician, founder and hard-working mom, Dr. Becky Lynn, of Evora Women's Health at St. Luke's Hospital in Chesterfield, MO. Dr. Lynn discusses starting her new women's health clinic at the beginning of the Read more…
Investing In Your 20s
The financial decisions you make in your 20s are arguably more important than any other time in your life. The most important decision you can make is to start investing now. To illustrate, imagine two college graduates with access to tax-deferred investment accounts earning 8% per year. The first Read more…
Getting the Most Out of 529 College Savings Plans
Want to get the most out of your 529 College Savings Plan? If one of these special situations apply, you may be able to shop 529 plans in an effort to reduce fees and gain access to additional features and benefits not available in your state-sponsored plan. Don't miss this short informative video Read more…
Investing In Your 30s
The right investment strategy to reach your goals shifts as you age. Once you reach your 30s, the looming worries of graduating, starting a career and climbing out of the student loan debt hole probably have been replaced by more domestic concerns. According to the U.S. Census Bureau, the median Read more…
Reverse Budgeting: Creating A Budget That Actually Works
Creating a budget and sticking to it is difficult for most people because the process is time consuming and restrictive. Traditional budgeting forces you to make every decision as if you live in a spreadsheet. But guess what? You don’t live in a spreadsheet. Read more…
Investing In Your 40s
By the time you’re in your 40s, you have probably established some financial goals, invested in your workplace retirement accounts, and set aside money for a rainy day. It’s also more likely you have gotten married, bought a home, and had a few kids. Next comes the question of whether you’ve done Read more…
Investing In Your 50s
For most of your life, saving for retirement probably wasn’t a high priority. But as the years count down on your career, nerves set in and rhetorical questions start flooding your head: Have I saved enough? Did I invest too aggressively? Do I have the right kind of insurance? Read more…
Mega Backdoor Roth? Probably Not for Small Business Owners.
I’ve read the articles and maybe you have too; articles about Mega Backdoor Roths (MBRs) that promise a lot – but maybe don’t explain all the issues they may cause for certain businesses or people. In this article, I'm going to review what a MBR is, how it works, and while it may be good choice for Read more…
