Latest Posts

The Incredible, Investable HSA: How to use Your HSA the Right Way for Retirement Success

by Trailhead Plan… on Oct 3, 2018

Financial Planning, Financial Freedom, Make Better Financial Decisions
Health Savings Accounts (HSA) are incredible.  In fact, they may be the best retirement savings tool available! Unfortunately, most individuals and families who have the option of using an HSA are using them wrong, missing an incredible opportunity to reduce their current tax bill, grow tax-free savings, and withdraw money tax-free when used for qualified health expenses.   You read that, right.  HSAs offer not one, not two, but three ways to potentially save on taxes.  Are you starting to see why we love them so much?

Financial Well-Being Newsletter: What's up with Millennials and their Money?

by Trailhead Plan… on Jul 27, 2018

Financial Well-Being Newsletter
First, we have a wonderful article regarding the Power of Positive People. Though it may seem obvious, the individuals we surround ourselves deeply impact our overall well-being. Which begs the question, is my community positively or negatively affecting me? Second, we have a couple of interesting survey results regarding Millennials and their money. One thing we believe is important to note is that Millennials aren't just 20-somethings anymore.  In fact, the oldest faction is nearing 40 years of age! In other words, millennials are no longer kids just starting out as many of them are established professionals firmly into their careers and financial lives. Ultimately, that's what makes some of these data points so concerning. Read on to learn more!

Financial Well-Being Newsletter: When is it too late to start your own business?

by Trailhead Plan… on Jul 20, 2018

Financial Well-Being Newsletter
When is too late to start your own business? Well, according to new data, later than you likely think! In fact, successful entrepreneurs tend to have more gray in their hair than the Hollywood portrayal of the hoodie-wearing whiz kid! Additionally, we've highlighted an article showing an interesting cultural quip about how husbands and wives report their income when the wife earns more. And last, we point to some positive signs in the housing market that show that supply may be starting to increase allowing prices to moderate over the coming years.

Financial Well-Being Newsletter: What to do instead of 'Find Your Passion'

by Trailhead Plan… on Jul 13, 2018

Financial Well-Being Newsletter
Today we are starting with an article about what to say instead of 'Find your passion.' Also, given some recent requests for including more financial news, we thought we'd start curating a short list of important financial articles from the week's news. Let us know what you think! Enjoy!

How to Have Better Conversations About Money

by Trailhead Plan… on Jun 26, 2018

Mindful Money, Financial Life Planning
Money is one of the most difficult topics to discuss with others. This extends from our own internal dialogue around money, which is often largely negative, to the manner in which we converse about financial matters with family, colleagues, and friends. To that end, here are some helpful tips for learning how to communicate about money in a healthy and respectful, yet still assertive manner.

10 Reasons Why We Choose to be a Fee-Only Financial Advisory Firm and Where to Find Others Like Us

by Trailhead Plan… on Jun 15, 2018

Fee Only, Financial Planning, Fidcuciary
The Department of Labor’s Fiduciary Rule is officially dead after a key deadline recently passed without action and consumers are once again left with ambiguity around whether their financial adviser is acting as a fiduciary, legally obligated to act in their best interest, or as a salesperson, who is not. At Trailhead Planners, we choose to be fee-only financial advisers beholden to the fiduciary standard We believe this is the best model for consumers because of its inherent transparency and objectivity.

Courtney and Morgan were featured on the XYPN Podcast!

by Trailhead Plan… on May 17, 2018

Trailhead Planners
Courtney Ranstrom, CFP and Morgan Ranstrom, CFP, CFA were featured on the XY Planning Network's Podcast! We had a great time discussing socially responsible investing, the 'why' of financial life planning, the ridiculous amount of training that into becoming a qualified financial planner, and why we started Trailhead Planners in the first place.  Enjoy!  

What to do with your Company Stock in the Wake of GE's $184 Billion Collapse

by Trailhead Plan… on May 17, 2018

Financial Planning, Investing
Your company stock can be a tremendous way to build your wealth via any combination of restricted stock units (RSUs), Incentive Stock Options (ISOs), or employee share purchase plans.  However, it is best to see these plans as advantageous options for increasing your overall net worth and financial well-being not as the sole harbinger of your financial future.  Though certain executives and founders may hold themselves to a different standard (and that's fine!), most employees should abide well the fate of GE and countless other companies.  Be pragmatic and be savvy.  And remember: Diversify, diversify, diversify.