Articles
The importance of a customized plan
We are all individuals and we all have our own wants and needs. One of the most important questions financial advisors should be asking is, “What is your definition of success?” Whatever answer comes out of a person’s mouth after that should be one of the most valuable things that person can say during the…
Read MoreThe four-legged chair of college funding
Back in the day, the sources for retirement income were sometimes referred to as the three-legged stool. You had Social Security, a company pension, and your own savings or investments. Applying the same analogy to college funding, I would sadly say the current reality is debt, scholarships/grants, and savings or investments. Student loan debt has…
Read MoreThe investment case for life insurance
Life insurance is constantly compared to an investment and more specifically the stock market, yet most conventional financial wisdom says that as we age you should move more of your portfolio to bonds. The comparison from life insurance to stocks is that life insurance will underperform, but shouldn’t we be comparing life insurance to the…
Read MoreThe 7 sources of residual income
When looking at income in the future, shouldn’t we be looking at what is going to happen and determine if that is what we want life to look like? We need to work backward from that point until we reach today, viewing our decisions with money as the pre-cursor of tomorrow? The reason we even…
Read MoreS Corp + HRA
Tired of paying out the nose in taxes? These two changes to your corporate structure could save you over $2,500 in cash-flow this year. So, what are they? First, let’s talk compliance. We are not tax advisors, we are not accountants and we are not CPA’s. We are fellow business owners and entrepreneurs tired of…
Read MoreThe super Roth nobody is talking about
Roth sounds great right? After-tax money going in, tax-free coming out. Only one small catch maybe two. You can only add $5,000 if you are under the age of 50 and $6,500 if you are 50+ with earned income and oh yeah, you have to leave it in there until you are 59.5. There are…
Read MoreEveryone has been asking for referrals the wrong way.
We all know that the number one way to grow your business in almost any business is by getting referrals. It not only helps grow the business quickly, but it is inexpensive. It’s been said before that a referral from a client is the highest form of compliment. If all this is true about referrals,…
Read MoreWhat is an In-Service Withdrawal and Why it should be Federally Mandated?
As more and more baby-boomers are approaching 60, many have most of their wealth tied up in an employer retirement program like a 401K plan. Each employer has the choice to customize their retirement plan and adjust or select several variables. One of those variables is an in-service withdrawal. So, what is an in-service withdrawal?…
Read MoreWe don’t want your stuff and why you should de-clutter!
I was speaking with my folks one day when I was visiting home. My mom made a comment about after she and my father passed, all the stuff in the house would be mine. I am an only child, so my situation may not be like everyone else’s, but the point struck a chord with…
Read MoreWhy?
If you have ever tried to lose weight or do something that is going to be hard to do, the number one thing you can do to increase your odds of achieving your goal is to define your Why. Why do you do what you do? If you can answer that, then when times get…
Read MoreFamily conversation
Many advisors say they do Estate/Legacy planning for families, but here at Uncommon Wealth Partners we do Estate/Legacy planning a little differently. It seems like when we talk to someone about their legacy or wealth transfer to the next generation, they want to figure out the best way to leave only their money. There is…
Read MoreDave Ramsey
Earlier in my career, I would challenge people who loved Dave Ramsey. I thought, “He has some good stuff but some of the things he says can be misleading and just downright wrong”. About 2 years ago, I had a change of heart. I discovered that the main principle of what he teaches, which is…
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