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Teaching Your Grandchildren Money Values

In Asset Allocation, Bill Dix, General Financial Planning, Personal Finance, Personal Financial Planning by Bill Dix

If you’re a grandparent, you likely already offer support in a lot of ways including financial and emotional. But you can also provide practical help. A frequently overlooked area where you can definitely make a difference is with your grandchildren’s personal financial education. Some of us were lucky enough to have a grandparent who we considered a great friend. We …

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Part 1: 10 Years from retirement, what is your financial focus?

In Asset Allocation, Cash Flow and Budgeting, Personal Finance, Personal Financial Planning, Retirement Planning by Chip Hymiller

If you’re 10 years or so away from retirement, you’ve probably spent at least some time thinking about what your life will look like after retirement. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work in some …

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Understanding Risk—Capacity, Tolerance, Perception & Risk Required

In Asset Allocation, General Financial Planning, Investments, Personal Finance, Personal Financial Planning, Retirement Planning by Chip Hymiller

This article explores four elements of an investor’s risk profile – risk capacity, risk required, risk tolerance and risk perception. Understanding each type of risk is an essential element of building an investment portfolio that can both meet your specific investment needs, while allowing you to sleep easy during times of personal and financial stress.

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Investor Beware of Year-End Capital Gain Distributions!

In Asset Allocation, General Financial Planning, Investments, Personal Finance, Personal Financial Planning, Tax by Chip Hymiller

It looks like 2014 is going to be a huge year for mutual funds making capital gain distributions. While on the surface capital gains sounds like a good deal, but in reality they can pose a tax nightmare for some investors – especially people who invest in mutual funds in non-retirement (taxable) accounts. This article explains the problem with mutual fund distributions and provides a resource for those performing year-end tax planning.

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Chip Hymiller, CFP® Interviewed about Financial Wellness

In Cash Flow and Budgeting, College & Education Savings, Company News, General Financial Planning, Investments, Personal Finance, Personal Financial Planning, Retirement Planning by Chip Hymiller

Chip Hymiller, CFP® was recently interviewed on the show Community Matters with host, Bill LuMaye. The topic for the show was financial wellness. Chip’s segment of the show highlighted the need to prioritize financial goals, manage debt and develop a strategic long term plan.

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Be Proactive When Helping Aging Parents with Their Finances

In Estate Planning, General Financial Planning, Personal Finance, Personal Financial Planning, Retirement Planning by Chip Hymiller

Let’s face it, in today’s world, managing your personal financial affairs can be complex. There are many decisions that need to be made on a weekly or even daily basis. For a large and growing segment of the population, who are trying to help (often unwilling) aging parents with their finances, this can be incredibly frustrating, stressful and burdensome.