A question that we are often asked, on a pretty regular basis, is if someone should contribute to a Traditional IRA or Roth IRA. Like most things in our industry, we have a phrase for something like this, “it depends.”
One of the reasons our clients hire us is to help make the complex world of investing easier to navigate. Sometimes it seems that those who work in financial services speak their own language. There tends to be a disconnect, or miscommunication, when we try and bring complex financial terms down to a more simple level. This is often the case with risk tolerance and risk capacity. While they sound similar, they hold very different meanings and can affect your financial plan in very different ways.
Affiance Financial is pleased to share the following article by Steven E. Warren, CPA, MBT. Mr. Warren practices accounting and consulting at Schechter Dokken Kanter, a Minneapolis CPA and consulting firm. Mr. Warren can be contacted at email@example.com or 612-332-9391.
Event recording from January 28, 2019.
It’s another new year, and this time you are ready. You have taken the time to create a budget and give each dollar a job. You might even be using an app to track your spending. This is going to be your most financially organized year yet! When all of a sudden, something happens. Something we call the certainty of uncertainty.
There is a rumbling amongst the younger segment of the population. Most notably, the Millennials, who are in the process of trying to turn the traditional idea of retirement on its head.
With help from think2perform.
As part of our recent BFA™ training, the advisors at Affiance Financial teamed up with think2perform to help increase the ways that we can help you, our valued clients. One key concept that think2perform teaches advisors is the Smart Money Philosophy.
When we sit down with new clients, one of the first questions we usually ask is “Do you have a budget?” This single question can lead down many different paths to help us better understand your thought process when dealing with money. Hearing about your budget also offers a surprising amount of insight into your values, priorities, and goals.