Wealth Management | Plancorp | Financial Goals

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…

When it comes to tax and financial planning, all of us — especially those with a high net worth — try to be proactive by maximizing the power of our money. To that end, many hire a financial advisor early on to help them get started with a solid spending and investment plan. But after a few years Read more…

It goes without saying that traditional savings accounts aren’t enough to grow your money. As a type of investment, savings accounts are one of the safest places to put your money. The funds are liquid, so you can withdraw whenever and without penalties. However, these accounts are low-yield — Read more…

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…

Join busy parents and Plancorp employees, Senior Wealth Manager, Sara Gelsheimer, and Chief Investment Officer, Peter Lazaroff, as they talk through important financial considerations to keep in mind when saving for a baby. Read more…

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…

Perhaps you’ve been told that you need a financial plan or you think you already have one. Either way, here are the essential sections a complete financial plan should cover. Many clients initially seek financial advice because they want help making smart investment decisions. But investments are Read more…

If you’re a parent, odds are you’ve already been mulling over how you’ll help pay for your kids’ higher education when the time comes. Read more…

Goals are great. They get you from point A to point B and keep you motivated along the way. That said, we all know how hard it can be to stick to your goals — especially financial ones. Read more…

Time mixed with the power of compounding is the most potent combination for wealth creation. Read more…