Financial Planning

Savvy Money: Make Tax-Planning an Ongoing Event

by morgan on Feb 8, 2019

Financial Planning, financial well-being, tax planning
If filing your taxes is a backwards-looking administrative task, tax planning is a forward-looking process that helps you reduce what you pay to Uncle Sam, plan future financial decisions, and get organized in the process! Make tax planning an ongoing event and reap the rewards of a savvier financial life.   

Three Simple Ways to Strengthen your Finances in 2019

by morgan on Jan 8, 2019

Make Better Financial Decisions, Financial Planning, financial well-being
Often, when it comes to New Year’s Resolutions, big desired changes, or our personal finances, we think so large that the change itself overwhelms us and halts us from doing anything at all. If that’s the case for you, consider making just a few simple changes this year to get your financial life moving in the right direction.  Steady progress may not be as exciting as dramatic change, but it is significantly better than no progress, and often easier to stick with. To that end, here's Three Simple Ways to Strengthen your Finances in 2019.

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?

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.

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. 

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.

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