You were planning on retiring in a few years, but now your company is offering you an early retirement offer package. Sure, it comes with some extra pay - But what else should you consider? How do you begin to evaluate an early retirement offer? Should you accept the offer?Read More
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One thing I love about being an independent, fee-only, fiduciary financial advisor is spending time focusing on the “other” elements of a client’s financial plan. Yes, your retirement investments are important, deciding when to take social security is a pivotal decision, and knowing when to do Roth conversions can have a huge impact on your net worth.
But, there are many other big decisions around money that you make, especially if you are a homeowner.
One that was coming up more and more was:
“Is it a good investment to put solar panels on my house?”
Wondering what a financial plan looks like? Here’s an example of what you can expect.
Just how much damage can $80,000 in student loan debt do to your long term net worth and, more importantly, what can you do to minimize your reliance on student loans?
This week, Iowa’s Governor signed sweeping changes to the state’s tax code into law. In general, Iowa’s new tax law aims to lower personal income tax rates, while aligning the state tax law with the new federal tax law. Here are a two of the most important changes that will affect most Iowans:
Use our tax equivalent yield calculator to help determine if corporate bonds, treasury bonds, or municipal bonds are best for you.
You were planning on retiring in a few years, but now your company is offering you an early retirement offer package. Sure, it comes with some extra pay - But what else should you consider? How do you begin to evaluate an early retirement offer? Should you accept the offer?
Iowa municipal bonds can save Iowans a lot of money. But, many investors are not investing in the right municipal bonds or funds to maximize their potential tax savings.
For residents in high tax states like Iowa, investing in any one of today’s large municipal bond ETFs or mutual funds is not giving you all the tax breaks you are eligible for.
Here’s how (and why) we invest our client dollars in Iowa municipal bonds in order to maximize their tax savings.
With another quarter in the books, I want to provide an update on your investments with Hylland Capital, the stock markets in general, and what we expect going forward.
Let’s not waste any time and jump in to what I believe is the most significant event of 2018 so far:
Hylland Capital Management is proud to announce that it is now an authorized “Dimensional Fund Advisor”.
Dimension Funds Advisors’ (DFA) mutual funds are available only to financial advisors who are vetted by the company and complete certain educational requirements. There are just a handful of advisors in the Iowa corridor area that are able to offer DFA mutual funds to their clients.
While Treasuries certainly have a place in an investor’s portfolio, I think we need to come to an agreement on what a “safe” or “risk free” asset really is. Because for many investors today, the trade-offs for this perceived reduction in risk may be a significant reduction in future purchasing power.
Below is a portion of our mid-year 2018 letter for clients. Items discussed include; the end of the proposed fiduciary law, 1,000 point declines for the Dow, Black Monday, and more.
Deciding on the right mortgage for you can be a tough decision. You are often presented with various options; loans with PMI, buying points to lower interest rates, higher down payments in exchange for lower interest rates, and more. How do you decide which mortgage is best for you?
Using our calculator in this post, you can compare the total costs and monthly payments of two different fixed rate mortgages.
How much will it ultimately cost you to go into forbearance with your student loans? Use our interactive calculator here to find out.
How much should you be saving each month into your child's college savings fund?
If you have no idea, you are not alone.
But it is important to find out because for most families, college represents one of their household's largest expenses. That means the combination of getting started early combined with a little bit of planning can go a long way.
Although often overshadowed by the higher federal tax rates, state income taxes can take a large bite out of earnings. Thankfully, there are a few options to reduce your state tax bill. For those in highly taxed states, simple changes like saving using treasury bills instead of bank CDs for your cash savings could knock off hundreds of dollars per year in your state tax bill. What else can you do? Here is a quick list:
You probably know you should be adding bonds to your portfolio as you age. But what type of bonds? Here we look at historic default rates and today’s interest rates to see if it makes sense for you to play it safe with Treasuries, or buy up higher yielding corporate bonds.
The financial industry is notorious for making things complicated, and basic terminology that describes how a financial advisor operates is no different.
The terms Fiduciary, Fee-Only, and Independent are thrown around a lot. But what do they actually mean?
Below is a portion of our end of year letter to clients for 2017. Omitted is any personal information that would be included before this section such as client name, account balance, performance, mention of individual holdings, etc. We manage each client's account individually, and therefore each client's performance is unique.
Terms like Fee-Only, Fiduciary, and Independent Financial Advisor get thrown around a lot - But what do they really mean? Here are some examples on how we are different than your Northwestern Mutuals and Edward Jones of the world
Is getting your finances in order one of your New Year's resolutions? Great! But your work may just be getting started.
As a small business owner, just thinking of setting up a workplace retirement plan is probably giving you nightmares. However, SIMPLE IRAs allow for quick and easy setup and upkeep. Here is what you need to know:
Jason Zweig is out with his weekly "Intelligent Investor" column in the Wall Street Journal this weekend, where he lists 19 questions that you should ask any prospective (or current) financial adviser.
We thought we would put our answers to his questions here for current clients and prospects to see:
This is Part 3 of our college planning series, where we discuss what you can do to save money in the late stages of college and after graduation.
This section of our college planning guide covers strategies available to help you save money in the “late stages” of planning, roughly from the time the child is a sophomore in high school through college graduation.
Regardless of your household income, planning for higher education can be burdensome. Here we look at how to plan for college expense in the early years.
Creating a financial plan has never been easier. Our planning software includes account aggregation, budgeting, asset allocation, tax planning and more. Start your financial plan online today, for free.
How can you reduce taxes in your investment accounts? Here I expand on a topic touched on in my latest Kiplinger column - How to invest with taxes in mind.
Getting engaged and married is one of the most exciting times of your life. It can also be a hectic time as you learn to balance not only your own, but your spouse's goals, dreams, expenses and debts. It is incredibly important to get a plan in place to help guide you on your journey and help ease frustration later on.
Here is a list of a few topics to discuss now, and what to consider when charting your financial future as a couple so that you can ensure you journey is as stress free as possible.
Most of us have probably seen a simple chart showing the long term effects of compound interest: Simply save $X for Y number of years at a certain growth rate, and BAM! Your small amount of savings has grown into a large sum.
But there is a much more important lesson to take from this simple example.
Below is a portion of our end of year letter to clients for 2016. Omitted is any personal information that would be included before this section such as client name, account balance, performance, mention of individual holdings, etc. We manage each client's account individually, and therefore each client's performance is unique.