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High-Net-Worth Tax Strategies
As a high-net-worth individual, managing your taxes can be complex and challenging. However, with the right strategies, you can minimize your tax liability and maximize your wealth. Introduction to high-net-worth tax...
Read MoreTiming the Market: Strategies for an Election Year
Timing the market with a selling strategy could be beneficial during an election year. Emotions and markets can be volatile during election years --one could probably argue it’s a good time to close up shop and return later.
Read MoreUltra-High-Net-Worth Earning Power
Particularly for high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals, when you begin to evaluate and understand the scope of your earning power, you will take a giant step toward that next million.
Read MoreSelling Your Business: The First Step in Business Succession
Why Closely-Held Over the summer I got to catch up on my reading. Another book I read was Bradley J. Franc's The Succession Solution: The Strategic Guide to Business Transition. There are over 30 million small business owners in...
Read MoreFinancial Planning for Executives and Entrepreneurs: Start Here
Personal Financial Planning for Executives and Entrepreneurs: The Path to Financial Peace of Mind 1st ed. 2018 Editionby Michael J. Nathanson (Author), Jeffrey T. Craig (Author), Jennifer A....
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Want to Learn More About Socially Responsible Investing (SRI)?
You are who you are because of what has went into your mind. If you would like to learn more about Socially Responsible Investing (SRI), this book may be a great place to start. I researched SRI books for quite a while before ordering...
Read MoreEconomic Update and Market Summary
We have teamed up with Y-Charts to bring you an Economic Update Market Summary for Q2 2022. We hope you gain some insight from our presentation and that it Inspire’s you in some way...
Read MoreEconomic Update and Market Summary
We have teamed up with Y-Charts to bring you an Economic Update Market Summary for Q1 2022. We hope you gain some insight from our presentation and that it Inspire’s you in some way to become a better, more informed investor.
Read MoreAvoiding the Social Security Tax Trap
Avoiding the Social Security Tax TrapApril, 2021Retirees face multiple income traps, and many retired taxpayers will see a portion of their Social Security income make its way onto the taxable income line of their 1040s.Those who...
Read More2021 Letter to Clients
January 29, 2021. Dear Valued Client, 2020 is behind us. Enclosed you will find your performance reports for the last year. How did you do? Chances are you did very well this past year. This letter is going out to all of our clients,...
Read MoreRetirement Options for the Self-Employed
Retirement Options for the Self-EmployedJanuary, 2021 This past year highlighted small businesses more than any other. The impact from a struggling economy has not gone unnoticed and the support from local shoppers has made the...
Read MoreRetirement Income Planning
Retirement Income PlanningNovember, 2020 By: Jeff Headrick, Financial Advisor Retirement income planning is an important part of preparing for retirement. The amount of income you will need, as well as when and where to withdraw it...
Read MoreInvest During an Election: Vote for Your Portfolio
Invest During an Election Year: Vote for Your PortfolioOctober, 2020 By: Jeff Headrick, Financial Advisor Learning how to invest during an election year is a worth while pursuit. However, always bare in mind that investing is a long...
Read MoreAre Tech Stocks a Good Value?
September, 2020. By Jeff Headrick, Financial Advisor Are tech stocks a good value?Are tech stocks a good value? Will tech stocks do a nosedive like they did 20 years ago after the recent big run up? If I were to invest in tech stocks...
Read MoreThree Ways to Increase Investment Performance
August, 2020. By Jeff Headrick, Financial Planner Investment Performance What did the investment performance look like in your portfolio last year? Most people don’t know the answer to this question. And since that takes a little...
Read MoreEfficient Market Hypothesis: What is your thesis?
July, 2020.By Jeff Headrick, Financial Planner The efficient market hypothesis is a hypothesis that states that stock markets share prices genuinely reflect the reality of their worth. The assumption with efficient market hypothesis is...
Read MoreStand Strong
June, 2020. By Jeff Headrick, Financial Planner "Preparation is key. It’s a lot easier to stand strong during adversity if you’ve done your homework beforehand." Stand Strong Whether I’m running the South End of...
Read MoreFollow the Leader
May, 2020. By Jeff Headrick, Financial Planner “Over the last few weeks, I have given some thought about what it means to be a leader. Not just a leader in business, politics, or the championship team, but about what it means to...
Read MoreBuy Low, Sell High
First and foremost, our thoughts and prayers go out to everyone during this historic time. That being said, as personal financial advisors, my team must still be vigilant for mitigating financial loss as well as seeking new and present...
Read MoreCoronavirus Havoc: Strategies for an Election Year
When the AIDS epidemic broke out in June 1981, the 12 month change on the S&P 500 was -16.5%. When the pneumonic plague broke out in September 1994, the 12 month change on the S&P 500 was +26.3%. During the SARS epidemic which broke...
Read MoreQuarterly Stock Market Update. Staying the Course: Strategies for an Election Year
February 2020 "But divide your investments among many places, for you do not know what risks might lie ahead." - Ecclesiastes 11:2 NLT It appears from the verse above, that the idea of diversification is not necessarily a new one....
Read MoreThe Frailty of Life
December 2019 As a financial advisor, it may be a misnomer to write about the frailty of life. After all, if I am in the business of making people money on their money by making solid financial recommendations, why would I waste time...
Read MoreHow to Prepare for a Bear Market
I have a son that just turned eleven. He is a ruffian and loves tackle football. During the first few years he played he was about average size. But this year he weighs much less than many of his...
Read MoreDave Ramsey and the Twelve Percent Investment
September 2019 Dave Ramsey's Twelve Percent Investment I have heard many debates over the years about Dave Ramsey and the twelve percent investment. While most of these discussions were among my professional colleagues, many were among...
Read MoreStock Market Year-to-Date
August 2019 Stock Market in General To put it mildly, most asset classes have been on a tear for the first half of the year. When I look across the array of Vanguard equity ETFs in our portfolios, the worst performer is FTSE AW ex-US...
Read MoreHow to Stay Inspired
Do you ever wish you knew how to stay inspired? At Inspire Financial Planning, we're concerned about keeping you inspired for investing. But we are also concerned about keeping you inspired for life. Every morning I get up at...
Read MoreAre Lifecycle Funds Good Investment
Are lifecycle funds a good investment? How do they work? When should I use lifecycle funds in my portfolio? In this month's post, I will share with you some thoughts that will shed some light on these seemingly simple, but...
Read MorePortfolio Stress Test: Seven Steps to Strengthen Your Investment Portfolio
Are you ready for a portfolio stress test? Do you need to have one? These are great questions. As with just about everything in the world of investments, this is yet another topic that can be incredibly...
Read MoreDave Ramsey and Millennial Magic: Six Characteristics That May Make Millennials Rich
Millennials Really Do Have Their Act Together Having met with hundreds of families and having had thousands of conversations with people about money, I have learned some things. I have learned to listen. I have learned to read an...
Read MoreMutual Funds vs. ETFs: A Comparison
I often get calls from Dave Ramsey listeners looking for that perfect mutual fund. They want a fund with experienced management, lower expense ratios, and insanely high returns. And while these types of funds do exist, they...
Read MoreStock Market Deja Vu
Do you remember where you were when the Twin Towers fell? Just about everybody in the world can tell you precisely what they were doing at the time this catastrophic event happened. If I ask you what you were doing in the...
Read MoreFour Principles of the Successful Investor
January 2019 In this week’s blog I’m going to discuss four principles of the successful investor. They are as follows: #1. The Principle of Learning #2. The Principle of Pleasure #3. The Principle of Decision #4. The...
Read MoreFour Reasons Appreciate Your Financial Advisor
With Christmas season upon us I find myself in a state of thankfulness. Thankful for my God, thank you for my family, and thankful to my clients. I am also reaching the phase in my career where I have been around long...
Read More2023 Tax Tips Everyone Should Know
Whether you are a CPA, CFA, or a valued member of the PTA, here are some 2019 tax tips everyone should know. Similar to last week's post regarding personal finance and bean counting, this week's post is also a topic that...
Read MoreThe Holy Grail of Financial Planning: The Annual Review
Over the last 20 years my wife and I have enjoyed spending time together watching movies. Recently, we have come upon a new series that showcases the infamous Holy Grail. As legend has it, the Holy Grail is the cup Christ...
Read MoreYour 401K & The Efficacy of Asset Allocation
Your 401k may run more smoothly with efficient asset allocation. And the closer you are to retirement, the more this may matter. If you are nearing retirement you know more than most people how much balance life requires....
Read MoreLong-Term Care: Why You Shouldn’t Focus on Just the Cost
If you are considering long-term care insurance, don't just focus on the cost. This blog is written to inspire you to look further than the price tag when determining your best path. Don't Believe Everything You Read My...
Read MoreSurviving Hurricane Florence–Physically, Mentally, and Financially
Surviving Hurricane Florence
Read MoreThe Financial Planning Revolution: A Beginner’s Guide to Working with a Financial Planner
August 2018 Ever thought about working with a financial planner? How much do financial planners cost and are they worth it? This week's post will answer these questions and several more, like: How do you know if you need a financial...
Read MoreThree Ways to Prepare for a Stock Market Crash
Written in 2018 this post explores the inevitability in stock market fluctuation. As we saw in 2020 and again in 2022 markets do turn south and it pays to be prepared.
Read MoreBear Market on The Horizon: How Does a Financial Advisor Prepare?
It is the middle of Summer. The days are long, the weather is hot, and if your business is like most, things are probably a little slow around the office. Sound about right? As the owner of an independent financial planning firm, I...
Read MoreDisagreeing with Warren Buffett: An Argument for Bonds
In a February article I read in Reuters (Buffett Says 'Terrible Mistake' for Long-Term Investors to be in Bonds), Warren Buffett is quoted as saying that it is a “terrible mistake” for long-term investors to be in bonds. It...
Read MoreNo Financial Plan is Complete without Assessing Your Employee Benefits
You cannot begin a true financial plan without a deep assessment of your current employee benefits. But how fun is that? I mean, who really wants to spend several hours combing through...
Read MoreBe Smart: Why Everyone Needs a Budget
I have been in business now for almost 20 years. If there is one thing I have learned, it is that everyone needs a budget. I think that a lot of us are under the assumption that only people that are struggling financially need to do a...
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