You need to take care of the most important things first before doing anything else. One of those important things is paying yourself. You need to automatically have your 401(k) contribution come out of your paycheck before you even get your net pay.
This summer we changed our client performance and document portal from Advyzon to GDX360; and we recently changed custodians from TD Ameritrade to Schwab (not our choice, but because of the acquisition of TD Ameritrade by Schwab). What remains the same with our technology are the three most important platforms the SFM team utilizes daily to add value to our clients: Our Client Relationship Management software, our Financial Planning software, and our Investment Management software.
At Sommers Financial Management, we are asked two questions. First, should I have a higher allocation of my investments in AI related stocks? Second, does Sommers Financial Management use or intend to use AI to manage my accounts?
When someone dies without a trust, most likely their estate will go through probate. Probate is a time-consuming, government-involving, expensive process.
There are three categories of things we discuss when reviewing your financial plan: 1. Things you can control 2. Scenarios that may affect your financial outcome, but that we have no control over 3. Strategies that we can assist with to improve your financial outcomes
“Right now, US Treasury Notes are paying up to 4.5% and FDIC-insured CDs are paying above 5%,” said the financial planner. “Yes, but what about the risk?” questioned Mary. “US Treasury Notes are backed by the full faith and credit of the U.S. government; they are considered the safest investment in the world. CDs that are FDIC-insured are similarly backed by the U.S. government.