Newsletter

Tips for HENRYs (High Earner Not Rich Yet) to Build More Wealth

How High-Income Earners Can Avoid Wasting Their Financial Potential
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 07 September 2022

Tips for HENRYs (High Earner Not Rich Yet) to Build More Wealth

Coined by Fortune Magazine, the term HENRY stands for “high earner not rich yet” and it typically refers to individuals and families who earn between $250,000 and $500,0000 but haven’t been able to amass any real worth yet. It may be difficult to understand how someone making this much money could feel like they’re not rich, but with high costs of living, the reality is that high-income earners often feel that they’re far from rich.  Research on the subject shows that 25% of families making $150,000 or more are living paycheck-to-paycheck.

A Critical Piece of Financial Advice for Growing Families

How Developing a Family Values Plan Can Help Keep Your Family on Track
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 22 June 2022

A Critical Piece of Financial Advice for Growing Families

You’ve probably heard all of the most common financial advice for growing families: max out your 401(k)s, invest money into a 529 college savings plan, buy life insurance, make sure your will is up to date, and so on. These are all important steps for cementing a firm financial foundation for your family, of course, but there’s more to consider.

Another important piece of a growing family’s financial puzzle is to determine what values they hold dear, and then commit to using those values to make financial decisions. Below, we’ll discuss why taking this step matters and how to get started.

Ukraine Crisis Response

Addressing the Developing Situation in Client Portfolios
By Jay Pluimer, AIF® CIMA®
Friday, 25 February 2022

Ukraine Crisis Response

The global balance for peace and economic stability was broken when Russian President Putin announced the beginning of military operations in Ukraine. This has been a developing situation over the past few months as Russia positioned itself as the savior of citizens in Eastern Europe against alleged aggression from NATO forces. Regardless of why the military actions started, our focus is on how to address the developing situation in client portfolios.

Do You Know Your Exit Strategy from the Working World?

Planning Ahead Can Ease Your Financial and Emotional Transition into Retirement
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 23 February 2022

Do You Know Your Exit Strategy from the Working World?

The transition into retirement can be an exciting time in many ways. After all, you’re finally going to have more free time to spend as you wish, whether that’s traveling, volunteering, taking up a new hobby, or simply spending more time with loved ones. Of course, this transition can also cause financial stress and emotional overwhelm if you aren’t properly prepared. That’s why it makes sense to plan out your exit strategy from the working world before the time comes.

5 Strategies to Achieve Your College Funding Goals

How to Afford One of Your Most Expensive Investments for Your Children
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 09 February 2022

5 Strategies to Achieve Your College Funding Goals

Over the past several decades, a college education has come to be seen as a necessity. If you want to secure a good job with the possibility of upward mobility, you’ll likely need at least a bachelor’s degree to help you get there. However, with tuition costs greatly outpacing the overall cost of inflation, actually affording college has become a real challenge for many individuals and families.

From estimating the overall cost for higher education a decade from now to trying to determine how much financial aid you will be able to secure, there’s a lot to consider when planning to fund an education. Review the five strategies below to start developing your plan of action for your children’s future college education.

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    Edina, MN 55435
  • FAX: 952.953.3310
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