Blog

How to Share and Transmit Documents When Working With Financial Professionals

Remember these rules when sharing financial documents with your financial professional to make life easier for everyone and help keep your data secure.

Michael Reynolds, CFP® | June 17, 2024

A Guide to Designating a Transfer-on-Death Beneficiary for Your Vehicle

Assigning a beneficiary to your vehicle can be a simple and effective way to ensure that your car, truck, or motorcycle is transferred to the person of your choice upon your death. This process, known as designating a transfer-on-death (TOD) beneficiary, can save your loved ones time, money, and the hassle of going through probate.

Michael Reynolds, CFP® | June 10, 2024

Unlocking Financial Stability – Mastering the Personal Finance Metrics that Matter Most

If you focus on these metrics and improve them over time, you will have a foundation of financial stability that will unlock potential in many other areas of your life.

Michael Reynolds | June 3, 2024

Choosing the Right Retirement Plan – Solo 401(k) vs. SEP IRA

SEP IRAs and Solo 401(k) both offer tax benefits and generous contribution limits. But they also have unique features that are different.

Michael Reynolds | May 20, 2024

The Impact of Money Scripts on Your Financial Decisions

Our behavior related to money is driven by many factors. One factor can be our unconscious beliefs about money. These beliefs are called "money scripts," and they can significantly influence our habits and results with money.

Michael Reynolds | May 13, 2024

How Debt Can Sabotage Your Financial Future – Understanding the Negative Effects of Debt

Debt is not always bad, but it's often overused. Avoiding debt as much as possible is one of the best ways to avoid financial stress and make faster progress toward your financial goals.

Michael Reynolds | May 6, 2024

Can I Withdraw From My IRA for a Down Payment on a Home?

Are you dreaming of buying a new home but struggling to come up with enough money for a down payment? If you have an IRA, you might be tempted to dip into it to fund your dream. But can you actually withdraw money from your IRA for a down payment on a home?

Michael Reynolds | April 29, 2024

Understanding 401(k) Loans – How They Work and When to Consider One

If you've ever wondered whether you can borrow from your 401(k), the answer is likely yes, but it comes with a host of considerations. Before you consider borrowing from your 401(k), you need to understand the mechanics of 401(k) loans, the potential downsides, and the risks involved.

Michael Reynolds | April 22, 2024

What Home Improvements Increase Cost Basis (And Why You Should Care)

By maintaining detailed records of all home improvements, you can maximize your chances of increasing your adjusted costs basis as much as possible when selling your home, which can minimize the capital gains taxes you might pay.

Michael Reynolds | April 15, 2024