Most people are invested in the stock market in some way. Whether it’s mutual funds, individual company stocks, or a Roth IRA, most investment platforms are based in the stock market. Of course, as you invest more of your money in the stock market, you might be...
With the holidays approaching, many people are considering donating to causes near and dear to their hearts. But more than an annual holiday tradition, your charitable giving can actually be reflected in your long-term financial plan — and even continue after you’re...
When you hear the term “insurance,” you probably think of one single type of insurance — health insurance, car insurance, or homeowners insurance, for example. But the truth is, we all need a variety of insurance to protect us, not just one or two. Why? Because life...
If you’re approaching the age of 65, you will soon be eligible for Medicare. As that date draws nearer, you’ve probably heard about Parts A, B, C, and D… but what do those different parts mean and which ones do you need? You might also wonder how much it will cost and...
If you’ve been watching the news lately (as of this writing, it’s September 2019), you might be seeing a lot of headlines about the “Feds lowering interest rates again” or “interest rates at an all-time low.” You might also see the other headlines that indicate a...
It’s that time again: back to school season. For parents of students nearing the end of their high school years, the crunch of college expenses can feel like a cloud looming over you. But we don’t think it has to feel that way. Instead, we work with clients and...
The first week in August every year is National Simplify Your Life Week. Here at Guiding Wealth, you know we’re big fans of simplicity (it’s one of our cardinal values), so we thought we’d share a few tips on how to simplify your financial life in honor of this...
Did you know that the average debt load for an American household (including mortgage) is $101,915? Other types of loans are included in that number: student loans, credit cards, car loans, personal loans, and medical debt. Even if you exclude mortgage debt, the...
In the financial planning world, “legacy” often means leaving behind a financial inheritance when you’re gone. Whether that’s real estate, personal belongings, or a retirement account, what you’re passing on to the next generation defines your legacy. However, there...
In this year’s annual letter to its shareholders, Berkshire Hathaway CEO Warren Buffett had an eloquent yet simple perspective on looking at finances: “Focus on the forest, forget the trees.” Too often, investors who evaluate Berkshire Hathaway obsess on the details...
