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.
Many people find themselves at a career crossroads in the aftermath of divorce. As a career coach specializing in helping women navigate this transition at her firm, Next Stage Career Success, Shauna Licciardi has seen the transformative power of rediscovering one's purpose. From her experience as a human resources director and career coach, Shauna explains the importance of finding your "why" when charting your next career move post-divorce.
Updating estate documents is crucial because it ensures that your wishes are accurately reflected and legally honored as your life circumstances change. Imagine the birth of a new child, a marriage, a divorce, or the windfall of significant assets. These events can dramatically alter your intentions regarding who should inherit your belongings and how it's managed.
At Highland Financial Advisors, we believe that the foundation of a successful financial plan starts with clear and meaningful goal setting. Our latest video emphasizes why identifying your financial goals is crucial whether you're working with an adviser or managing your finances independently. Through our unique Discovery process, we guide you to connect deeply with your aspirations, ensuring that your financial plan aligns with the life you envision. Join us as we uncover the powerful questions that can transform your financial journey and help you build a future free from regrets.
As a business owner, planning for retirement is crucial not only for securing your future but also for attracting and retaining top talent. With various retirement plan options available, it can be challenging to determine which one best suits your needs and the needs of your employees. In this article, we'll explore four popular retirement plans, SEP IRA, SIMPLE IRA, 401(k), and Defined Benefit Cash Balance Plans, to help you make an informed decision.
Welcome to Highland Financial Advisor's comprehensive video series, designed to guide you through the crucial steps of interviewing and starting a relationship with a fiduciary financial advisor. Whether you're new to financial planning or looking to optimize your current strategy, our clearly defined process and expert advice will help you make informed decisions. In this series, we'll cover everything from understanding fees and value to setting financial goals and creating a personalized wealth management plan. Subscribe now to stay updated and take control of your financial future with confidence.
A 529 plan is a powerful tool designed to help families save for future education expenses. The primary allure of a 529 plan lies in its tax benefits—some states allow state-tax deductions or credits on account contributions, and the investments in the account grow tax-free. Withdrawals from 529 plans are tax-free if used for qualified educational expenses, including tuition, room and board, books and supplies, private elementary and secondary school education, and student loan repayments.
In today's video, Certified Financial Planner™ Ed Leach delves into a crucial yet often overlooked aspect of financial planning for dental practice owners: cash reserves. Understanding and managing your cash reserves can significantly impact the stability and growth of your practice and your financial security. This video will answer critical questions about how much you should have in your practice and personal savings accounts, what types of accounts you should use, and how to choose the right banking relationship.
Going through a divorce can be an incredibly stressful and emotionally draining experience. In addition to dealing with the end of a marriage, there are practical and financial implications to navigate. One potential pitfall many divorcees find themselves in is overspending to cope with the changes and upheaval in their lives.
Equity compensation is a powerful tool for pharmaceutical executives to enhance their financial health and secure a stake in their company's long-term growth. As a Certified Financial Planner™ at Highland Financial Advisors, AnnaMarie Mock delves into the intricacies of equity compensation, providing valuable insights and strategies. In this video, we explore the various components of equity compensation, including stock options and grants, to help you make informed decisions and optimize your financial plan.
At Highland Financial Advisors, we're proud to introduce Joey Casolaro, one of our talented Associate Wealth Advisors based in Wayne, NJ. Recently, Joey sat down with Caleb Brown on the New Planner Podcast for an insightful discussion about his journey into the financial planning profession and the career path that led him to our firm.
In this installment of our video series on financial planning for newly independent women, we delve into updating beneficiaries across key financial documents and accounts. Whether you are navigating the aftermath of a divorce or coping with the recent loss of a spouse, it is essential to review and revise your estate documents, life insurance policies, and investment accounts to reflect your new circumstances. Additionally, we'll explore health insurance options that are available to you during this transition. These steps ensure your financial future is secure and your assets are distributed according to your wishes.
In the fast-paced world of dental practice ownership, making informed financial decisions is crucial for long-term success and stability. In this informative video series, a financial expert, Ed Leach, guides dental practice owners through the complexities of managing their finances. The series introduces a straightforward framework designed to help owners make smart money decisions, whether just starting or looking to optimize their financial strategies.
Rummaging around your stuffed filing cabinet, you come across a stock certificate. A glint of excitement enters as you think about the potential value of this forgotten relic. It is not uncommon to stumble upon an old stock certificate in its physical form. There are steps to take to research if the old stock certificate is worthless or if it is a lottery ticket.
Your health is your greatest wealth – a principle that rings true figuratively and literally. Just as prudent financial planning and investing safeguard your long-term financial well-being, a nutritious diet is crucial for fortifying your physical health and averting the debilitating effects of autoimmune diseases.
When you think of Arnold Schwarzenegger, visions of his bodybuilding championships, blockbuster movies, and tenure as the governor of California probably come to mind. However, the Austrian-American renaissance man has added another accomplishment to his impressive resume - author. In his book "Be Useful: A Blueprint for Living an Integral Life," Schwarzenegger outlines his philosophy for leading a fulfilling existence by being useful and serving some cause greater than yourself.
Picture this: you stand at the tee box, surveying the undulating terrain ahead with excitement and apprehension. With each club selection and calculated swing, you inch closer to the elusive hole, navigating obstacles and seizing opportunities. Little do you know, every decision you make on the course mirrors the principles of prudent financial management, offering valuable insights into crafting a secure and prosperous future.
We've all been there - stuck at the dinner table with the overly political uncle who's had a few beverages and is ready to dive into the latest headlines and hot-button issues. You know the one: every family gathering turns into a political debate, and you're left navigating a minefield of opinions while trying to enjoy your meal. Whether he's passionately defending his views or eagerly challenging yours, it's hard to escape the tension that hangs in the air. If no one comes to mind, perhaps you're that "uncle"?
