James Brewer
I was recently asked to help some independent contractors with their retirement savings needs. Many people try to use some preset thought process of how to save for retirement. Often it is based on getting a matching contribution or some rule of thumb such as saving 10% of their income. If you are an independent contractor…
James Brewer
Few people refer to their 401(k) as a “defined contribution plan.” In fact, many people appear to perceive a 401(k) or for that matter a 403(b) plan as an “investment plan.” Many employers view their 401(k) plan as an optional, take-it-or-leave-it employee benefit. Historically, people who went into teaching and other public sector careers received…
James Brewer
You may be one of the many looking for advice for student loan repayment planning. As a matter of fact, we saved our client over $30,000 on her student loan repayments. Like many, she was faced with repaying the cost of pursuing an advanced degree that she pursued in order to achieve an increased income.…
James Brewer
January is Financial Wellness Month. Financial Wellness should be about pursuing the financial freedom you want in your life. Financial wellness has everything to do with your personal relationship with money, and how you feel about that relationship. What does wellness mean? Wellness is an active pursuit, a state of being only achieved through deliberate…
James Brewer
What would a financial wellness check uncover about you in a new year? Many people schedule their health and wellness checkups at the start of the new year. Did you know that January is Financial Wellness Month? Safe to say that we should also apply the thought process around physical health to your financial health…
James Brewer
Do you find the idea of basic financial planning too limiting? Financial wellness often makes people think of something more than just a cookie-cutter financial plan. As a matter of fact, financial wellness planning is really about helping people reach their needs and goals. I sometimes refer to financial wellness as dreams-based planning versus means-based…
James Brewer
Saving for college costs is important. But there’s more to college planning than just saving money. Consider these ideas to help you save on the cost of college. Remember, every dollar that you don’t have to put toward college tuition can be reallocated for other important purposes, such as retirement savings. How to cut college…
James Brewer
What’s your definition of having greater financial independence? I believe we should retire the word retirement and use financial independence instead. When you hear retirement, do you think of things like not working, receiving Social Security, and the like? You aren’t alone. Some people believe financial independence means a money windfall, like winning the lottery.…
James Brewer
In this post, we examine how our investment planning returns (outcomes) can vary based on our investment experience and behavior. Investment Planning and Investing on Average When you hear the average return is 10%, what do you think you’re going to get in the next five years? 10%, 10%, 10%, 10%, 10%? 40%, 20%, 15%,…
James Brewer
When would you like to achieve money independence? When would you like to retire? Are these two “goal dates” the same? Let’s examine these two questions. Money independence vs. not having to work Do you ever have days when you feel like you just want to quit your job? What holds you back (on being…
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