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“Is it possible?” is not the question most businesses ask as they consider whether or not to go all in with remote work models. Our experience during the COVID-19 pandemic proved we can make remote models work. Not only do we have the technology, but we also have employees who are willing to fill remote positions.

Effective retirement investing involves two key components. First, you need to be willing to invest, but prioritizing retirement investing requires elevating your future needs over your immediate wants.

I was 18 the first time I saw someone’s retirement dreams come crashing down. The retirees were my parents. They had made a fairly significant sum when they sold my father’s private medical practice but then received some bad financial advice, leading to a substantial financial loss.

As financial advisors, we are frequently called upon to help our clients build wealth by mapping out strategies that empower them to leverage their earnings to increase their net worth. Retirement planning especially focuses on using a client’s current financial capabilities to build a strong financial future.

The “Sandwich Generation,” caught between the dual demands of caring for aging parents and supporting their own children, finds itself navigating a complex web of financial, emotional, and logistical challenges. According to a Pew Research Center study, approximately one in seven US adults is providing assistance to both children and parents. Despite their vital role, support for this growing demographic remains painfully inadequate.

If you’re not ultra-wealthy, you’ve probably wondered what it’s like to be so. Maybe you think of all the ease and convenience they can access. The comforts. The luxuries. The peace of mind around common stressors like the price of healthcare or child care or even groceries and utility bills. And perhaps you think too of their spending habits, imagining them to be quite extravagant.

Prices rose 3.4% year-over-year in April, according to the latest Consumer Price Index report. It’s slightly lower than March, but still above the 2% target. Even though inflation has fallen since its peak of 9.1% in June of 2022, Americans are still grappling with everyday costs. From the grocery store to the gas station, budgets are getting tighter across America as the inflation cooldown in 2023 appears to have stalled in 2024.

With retirement planning and taxes, there are often two ways to look at a question: First, can you do something, and then, should you do it?

If you have mounting credit card debt, you’re not alone. The average United States household owes some $7,951 to credit card companies. Of course, with that being the average, some borrowers will owe significantly more than that number while some borrowers owe significantly less. 

High earnings provide the potential for high net worth, but they don’t guarantee it. Hence the existence of HENRYs, the embodiment of the wealth paradox. HENRY stands for “High Earners, Not Rich Yet.” Essentially, a HENRY is someone who is earning a high amount of discretionary income but is not managing it in a way that is focused on accumulating wealth, meaning they tend to spend more than they invest or save.