Paying Down Debt vs. Saving for Retirement

Here is one we hear all the time – “How can I save for retirement with all of these monthly debt payments?”  For what is seemingly a simple question, the answer can actually be somewhat complicated.  Striking the right balance between debt payments and savings contributions will vary with each household and the solution is […]

Social Security: Whether to Wait to Start Taking Retirement Benefits

Key Takeaways: There is a debate over when a person should begin to take their Social Security retirement income benefits.  On one side, proponents might argue that you should take your Social Security benefits as early as you can, while the other side argues that you should wait until age 70. An important phrase to […]

Retirement Saving Myths and Misconceptions

We are fortunate to have a very educated and knowledgeable client base, but we are consistently surprised by the myths and misconceptions clients and prospects bring to the conversation. Below I have listed my Top 7 Myths and Misconceptions About Retirement Savings; it is by no means a complete list but highlights the most common […]

Finding the Best Order for Funding Retirement

With a task as important as funding your retirement, determining which accounts to fund and in what order should not be taken lightly.  Whether it’s a company plan, individual retirement account or taxable account, there are a lot of ways to save for retirement.  So how do you decide where to put each dollar you […]

Determining a Retirement Savings Rate

As we meet with new families, we continually hear the same two questions: 1) are we making good decisions with the money we earn and 2) are we saving enough for retirement?  These questions are typical whether a person is 35 years old or 55 years old.  According to the Federal Reserve Bank of St. […]

Testing the Challenges of a Long Retirement

We often joke that our job was created because of increasing life expectancies and pensions seldom being offered.  Obviously, finance and investing has become more complicated and there are an ever-increasing number of investment vehicles and planning strategies we help our clients choose between.  We also know there is great value placed in our ability […]

Directed Corporate Trustees – An Option for Trust Beneficiaries

As pensions have largely been eliminated within the private sector, generational wealth accumulation continues to be a phenomenon impacting more and more families.  Whether it be an accumulation of retirement assets, a business sale, or family generational wealth, a large amount of assets has been passed from one generation to the next.  Over the next […]

Who Plans to Retire Early?

We often joke that our job was created because of increasing life expectancies and pensions seldom being offered. Obviously, finance and investing have become more complicated over time and there is an ever-increasing number of investment vehicles and planning strategies to help our clients choose between. We also understand there is great value placed in […]

529 College Savings Plans and the New FAFSA

If you are planning to save for college expenses for your child or grandchild, a 529 college savings plan can be one of the best ways to do it. You put the money into the plan, it grows tax-free, and then if you use the funds for qualified education expenses, it comes out tax-free as […]

Two Ways to Combat Household Inflation

Inflation is not a one-size-fits-all all phenomenon Inflation is the increase in prices over time Increasing prices means decreasing purchasing power How we choose to spend our money dictates how we experience inflation   Inflation has been top of mind for every participant in our economy for three years straight: households, businesses, and policymakers. Inflation […]

End of Year Planning with Cameron and Frank

We’ve entered the 4th quarter! To make the most of your end-of-year, Cameron Hamilton (Director of Financial Planning) and Frank Yozwiak (Director of Estate Planning and Tax) share a few financial best practices and strategies to consider. Topics discussed include: + Cash review and income planning + Roth conversions and tax harvesting + Retirement contributions […]

Medical Professionals

COMPREHENSIVE SERVICES “…They assist with advice and solutions that meet our unique situation…” This testimonial is from a client of Ballast, Inc. Clients are not compensated for sharing their opinions and experiences with our firm.  Any compensation creates a conflict of interest and any client’s comments may not be representative of any other person’s experience […]