The New Changes for 529 Plans: Roth IRA Contributions & Potentially Funding Your Child’s Retirement

The New Changes for 529 Plans: Roth IRA Contributions & Potentially Funding Your Child’s Retirement

The 529 College Savings Plan is a state-sponsored savings strategy designed to encourage saving for future education costs. You can contribute to any state-sponsored plan and it may be advantageous to do so due to other plans lower fees and investment choices. The...
A Spending (AKA Budgeting) Plan That Actually Works In Real Life

A Spending (AKA Budgeting) Plan That Actually Works In Real Life

How do you feel when you hear the word budget? Most people we speak with physically recoil, admit they hate it and don’t want to do it, and have other adverse reactions. This makes sense as most often what comes to mind is restriction, not being able to do what you...
How To Be A Loser… (AKA Why Trying To Time The Market Is A Loser’s Game)

How To Be A Loser… (AKA Why Trying To Time The Market Is A Loser’s Game)

Have you heard stories from a friend about how they made some big bucks by buying a stock at the right time? Or how someone saved their ass by getting out of the stock market before a big drop? Have you ever read an article or seen a TV title like “10 Hottest Stocks...
The Differences Between Hourly and Flat Fee Financial Planning

The Differences Between Hourly and Flat Fee Financial Planning

One of the many reasons I launched Empowering Finance was to challenge all of the industry norms that I was told were the only way to “make it/be successful” in the wild world of finance. One of these industry norms is how a majority of RIA (registered investment...