Zero-Based Budgeting for Individuals and Households

Frank Yozwiak

Weekly Update

Key Takeaways: In Zero-Based Budgeting (ZBB), you start your budget from zero, then only add in what is truly needed. ZBB is not only useful in a business environment, but also for individuals and households. ZBB is a great way to determine whether your spending is aligned with your goals, priorities, and values.     … Continued

Budgeting During Retirement

Andy Reynolds

Weekly Update

For most retirees, retirement introduces many new methods of thinking to their life.  This would obviously include the following, “What am I going to do with my extra time?  How am I going to stay engaged?  Where am I going to travel?”  Retirement may introduce new opportunities to give back to others through volunteer work … Continued

Simplify Budgeting to One Key Number

Frank Yozwiak

Atheneum

“Where does the money go?” is a question we unfortunately hear all too often when discussing budgeting and cash flow.  Often the only thing simple about a family’s cash flow is that it is simply confusing.  As we wrap up our Cash Flow discussions in the Ballast Atheneum, today we’ll lay out how we help … Continued

Evaluation of a Job Offer

Andy Reynolds

Atheneum

Key Takeaways – The following considerations must be made when reviewing an opportunity to take a new job or leave a W2 salary to start a business.   Nearly 93% of Americans earn income outside their primary job1. What are all the aspects of my compensation package?  This includes salary and other benefits such as … Continued

Takeaways From a Week at the Chicago Booth School of Business

Cameron Hamilton

Weekly Update

As all the children in our community are getting ready to go back to school, I am reflecting on my week back in the classroom this summer. I was lucky enough to spend time at the Chicago Booth School of Business learning from the country’s leading practitioners in estate and tax planning. Earlier this year, I set … Continued

A History of the Individual Income Tax in America

Frank Yozwiak

Atheneum

Key Takeaways: Individual income taxes are the largest source of revenue for the government The 16th Amendment gave Congress “the power to lay and collect taxes on incomes” History has shown that tax revenues increase when rates are cut     Taxes have been part of our country’s history from the very beginning – No … Continued

Christopher Benge

Madeline Flynn

Christopher Benge is a client services associate at Ballast with 10 years of experience in both the public and private sectors. Specific experience highlights include budgeting, contracts, policy development, and client relations. Mr. Benge specializes in financial systems management and has a talent for building strong relationships with clients and fellow associates.   Christopher is … Continued

Optimizing Required Minimum Distributions

Cameron Hamilton

Weekly Update

Key Takeaways The IRS made a retiree-friendly tweak to its RMD schedule for 2022 When to best take retirement distributions can be opposite for two similar investors Engage Us: We do our best work when we know your updated situation     We’re only a week into 2022 and I have already spent a few … Continued

Getting Creative with College Funding

Cameron Hamilton

Atheneum

In our previous discussions about college planning, we’ve discussed where and how much to save while acknowledging that these questions require several assumptions.  Is it sensible to make saving for college a major financial goal when there’s no guarantee the child will attend?  That’s a tough question for families and for this reason, we favor educating … Continued