As you enter your 50s, the idea of retiring one day starts to become more of a reality than a fantasy. But your working years aren’t behind you quite yet, even if your retirement age feels so close you can taste it! Read more…
Cyber Security Event Recap: 6 Takeaway Tips
In May 2024, we invited clients and employees for our annual Shred Day event at Plancorp. Protecting the personal information of our clients is a top priority for us, so we were thrilled to enhance the event by adding a Cyber Security Q&A session featuring special guest speakers from Charles Read more…
Planning for Retirement: 7 Steps to Take in Your 40s
Making a plan for retirement is about more than maxing out your 401(k) contributions and taking advantage of employer matches—although that’s a good place to start. Read more…
Planning for Retirement: Steps to Take in Your 20s and 30s
A quick note before we dive in: I'll be using the words "retirement" and "financial independence" throughout this article as they have become essentially interchangeable with each other. Younger generations tend to avoid the word "retirement", however. They prefer "financial independence" as their Read more…
100% Stock Portfolio: Sound Strategy or Click Bait?
In the world of investing, the allure of higher returns can often overshadow the importance of prudent risk management. Read more…
Money Moves You Should Make With a Salary Over $100k
According to Fidelity, if you want to retire comfortably, you should have eight times your annual salary saved by age 60 and ten times by age 67. Read more…
Deferred Compensation: What It Is and How It Compares to a 401K
Saving enough for a comfortable retirement in a way that is tax-advantaged can require getting creative at times. Numerous options exist for stashing your discretionary money in a retirement account, but not all options are created equal, nor are they taxed the same. An often-overlooked option, Read more…
Synthetic Equity Explained: Your Guide to Understanding This Type of Deferred Compensation
Synthetic equity. Phantom stock. Stealth securities. 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. When managed properly with tax implications in mind, your ESPP shares can be turned into rocket fuel for your financial goals. Read more…
Emergency Funds: How Much to Save and Where to Keep It
A recent study by Bankrate found that more than 20% of Americans have zero cash set aside for life’s inevitable emergencies. That same study showed that 35% of Americans would be forced into debt when faced with an unexpected expense over $1,000. That’s roughly 1 in 3 people who could face serious Read more…
