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How Emotional Decisions Can Ruin Your Investment Strategy

More money is left behind than lost during market declines. When an investor reacts emotionally to declines, they often pull money out of the market, derailing their investment strategy and leaving them much less exposed to equity markets. Often, these moves are made very near the bottom of the market and the investor leaves behind a substantial portion of return. Read more

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When Can You Retire?

Not surprisingly, one of the most common goals financial planners help their clients with is analyzing cash flow in retirement so they can live their lives comfortably without worrying about outliving their money. Cash inflow in retirement can come from many sources (Social Security, retirement plans, savings, annuities, pensions) so it’s important to consider how much and when to expect cash inflows. Read more

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Why Diversified Investments Are Crucial

Published by Tyler Schlumpf

There are two main types of risk involved in investing: systematic and unsystematic risk. The first, systematic risk, is the general market risk all investors take when they buy stocks and bonds. Unsystematic risk, however, comes in many different forms. Specific company, credit and liquidity risks are just a few. While systematic risk cannot be diversified away, unsystematic risk can through diversified investments. Read more

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How Much Do I Need to Retire?

Most people plan to leave the workforce at some point in their life.  While some have a desire to maintain a sense of purpose by working well into their seventies, we more often find ourselves helping people plan for an earlier departure. Achieving financial freedom, or the ability to work because one wants to and not because one needs to, takes time and thoughtful retirement planning.  Read more

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College Funding Aid:7 EFC Myths Debunked

By: Matthew M. Glatt, CPA, CFP®

The world of paying for college is an alphabet soup of abbreviations. The most important one for you to know and understand is the EFC. EFC stands for “expected family contribution.” Knowing yours is key to making decisions about finding a college your family can afford.

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College Funding Nightmares:   8 Mistakes That Keep Parents Up At Night

By:  Matthew M Glatt, CPA, CFP®

Does the thought of paying for college keep you up at night? College cost can be scary stuff. It can cause parental nightmares. We’ve collected some of the biggest mistakes families can make that can cause financial struggles. Let’s try to turn those nightmares into sweet dreams. Read more

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Life’s Tradeoff Decisions: 4 Areas to Consider When Managing Your Money

You are working hard to make money for yourself and your family, so you are probably already well aware of the fact that each dollar you spend or save has consequences further down the line. Yes, decisions you make in your 20s can affect your retirement 40 years later, and yes, that expensive family vacation may eat into a college fund for the kids. It’s a continual balancing act, and if you feel that you are struggling, you are not alone. It can be very hard to see the big picture when it comes to money.

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How to Reduce Financial Stress When Planning for Retirement

By Matthew M. Glatt, CPA – Founder and CEO of FLP Financial Group, LLC

You’ve probably seen commercials or read advertisements featuring grave warnings about the possibility of outliving your retirement funds. These ads make it sound like your future depends on calling the 800 number at the bottom of the screen, and if you ignore it, you do so at your own peril. Seems a little intense and scary, right? That’s because fear and a sense of urgency are two states of mind that lead to sales and profits for the company being advertised.

It’s no secret that as a financial advisor, I also see the importance of solid retirement planning. What I don’t see is how stressing you out will help your situation in any way.

Whenever I speak with a client who seems scared, stressed, or completely overwhelmed by the prospect of retirement planning, my number one priority is removing those negative emotions from the situation. The truth is, obsessing and worrying about your retirement is not going to get you more mileage out of your money– but a systematic approach to saving and planning will.

Here are your four steps to stress-free retirement planning.

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Examples of Bad Spending Habits That Can Kill Your Retirement

Consumerism has been a growing part of the American culture for decades, and it doesn’t show any signs of slowing down. Whether we are using our phones, watching TV, or browsing social media, there are brands all around us asking us to buy. Resisting the impulse to spend can be very difficult. After all, we are being re-targeted by marketers daily. It seems as though we can’t browse the internet without your favorite brand popping up in an ad. Marketers are smart. They know what makes people want to buy.

But, spending now without full clarity of your financial situation can have damaging effects to how you save for later.

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Are Your Kids Extracurricular Activities Hurting Their College Savings

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Are Your Kids Extracurricular Activities Hurting Their College Savings?

Between the hours of 3 PM and 7 PM in every single town in America, parents take to the roads ferrying their kids back and forth from soccer games, dance classes, piano lessons, football tryouts, and scouts meetings. Extracurricular activities offer kids opportunities to participate in special programs that they will not have access to during school, or at home. They are an important part of any child’s life, and in many cases, these activities may even form their future career or college choices.

However, some parents may not realize that the money they are spending right now on these extracurricular activities might be limiting those very same college choices for their children. A good financial checkup for any family will include taking a step back, and weighing the benefits of extracurricular activities now, versus more available college savings in the future.

Here are a few things for parents to consider when looking at this equation.

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