Latest Posts

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. 

More Evidence that Socially Responsible Investing Does Not Harm Performance

by Trailhead Plan… on Apr 26, 2018

Socially Responsible Investing, ESG

Over the past few months, we have been seeing more and more evidence that socially responsible investing can aid investor performance over-time; rather than the common misconception that it necessarily detracts.  As we have written about before, socially responsible investing has evolved into a risk-conscious investing strategy that not only allows investors to invest responsibly, but also in a manner that is aligned with their values.  More, it can have a real impact on the world as socially-conscious shareholders vote for more positive an

Why the Socially Responsible Investor is also a Responsible Investor

by Trailhead Plan… on Apr 16, 2018

ESG, Sustainable Investing

A responsible investor is one whose portfolio is managed in a prudent and efficient manner considering his or her long-term goals, needs, and aspirations. This means his portfolio is fully diversified in a broad array of asset classes using well-suited mutual funds, ETFs, or individual stocks and bonds that fit his risk profile.

Why the Rainy-Day Fund is the Cornerstone of Successful Personal Finance

by Trailhead Plan… on Apr 3, 2018

Financial Planning, Mindful Money Habits, Money Basics

A few weeks ago, my infant daughter was admitted to the hospital after contracting a stomach virus.  Due to some complications and a slow healing gut, what should have been a 3-4 day stay, turned into two weeks of my wife and I living and working out of the hospital while our baby girl recovered.  I came away from the experience incredibly grateful for my daughter’s recovery and health, but also with a new-found respect for what I now think of as the cornerstone of successful personal finance: The Rainy-Day Fund.