Anyone who has gone through a divorce knows how emotionally challenging and financially complex it can be. While attorneys handle the legal aspects, a Certified Divorce Financial Analyst® focuses specifically on the financial implications of divorce. This specialized designation equips professionals with the expertise to guide clients through the intricate financial aspects of divorce proceedings, ensuring better outcomes for their financial future.
Anna Marie Mock, a fee-only certified financial planner at Highland Financial Advisors, discusses the dynamic interplay between art and science in financial planning. Drawing inspiration from Leonardo da Vinci's philosophy that "everything connects to everything else," she emphasizes that financial planning is an art involving subjective goal-setting and a science-driven by objective analysis tools. In this video, Anna explains how the scientific method can be applied to financial planning, using equity compensation as a concrete example.
What are your thoughts, feelings, and beliefs about money? What about your partner, and do they differ from your own? Sometimes, the conflict we experience around money in our personal lives can be attributed to incongruent money scripts with those with whom we share finances. Let’s dive into the term money script and how understanding it can help us achieve our financial goals.
In talking with clients about the benefits their employer provides during the open enrollment season, one often overlooked benefit if clients have dependents is the Dependent Care Flexible Spending Account (FSA).
Health Savings Accounts (HSAs) are not only a savvy investment option but also offer numerous benefits, especially for high-net-worth families. An HSA is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help cover out-of-pocket medical expenses. While the utility of HSAs is universal, they hold advantages for high-net-worth families and have steadily grown in popularity since their inception.
One of the most fundamental principles of investing is diversification. Diversification does not overload your portfolio into any investment but instead spreads the risk across different areas. Ideally, your portfolio is invested in several diverse types of investments, but as you'll see below, there is more to diversification than buying stocks, bonds, or funds.
"The Three Questions Every Frantic Family Should Ask" is a book by Patrick Lencioni, a renowned author, speaker, and consultant on organizational health. The book aims to help families overcome the stress and anxiety of modern-day family life. Lencioni draws from his extensive experience in organizational health to provide practical insights and tools that families can use to build healthier relationships, communicate better, and achieve greater success in their personal and professional lives.
April 30th marked the 30th anniversary of the World Wide Web being introduced to the public for the first time. Tim Berners-Lee was a 37-year-old researcher at CERN, a physics lab in Switzerland when he created the first website and launched it on the Web as we know it today. 1.8 billion websites later, Lee's invention has revolutionized the way human beings interact and learn on a global scale.
Reviewing and adequately reacting when handed a severance package can be daunting. A flood of emotions and concerns can cloud your judgment and lead to rash decision-making. It's essential to pause and compose your thoughts before proceeding because some of your benefits will still be extremely valuable to your short and long-term plan.
According to the Department of Energy's SETO (Solar Energy Technologies Office), provisions included in the Inflation Reduction Act of 2022 will reduce the cost of installing rooftop solar by an average of $7,500, with taxpayers expected to realize an additional average savings of $9,000 on their electricity bills over the system's life.
Big houses, luxury cars, and expensive jewelry are some of the most common things people believe to be their greatest assets. Although all these things signify wealth, they do not come close to life's most significant wealth and asset, your health. Being physically and mentally able to do the things you love as you get older is something you can't put a price tag on.
Investing can be a daunting task, especially when you have a significant amount of cash to invest. One of the most crucial decisions is when to invest. Should you commit all at once or spread out your investments over time? This article will discuss the two primary investment strategies: lump-sum investing and dollar-cost averaging.
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