FAQ's

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Frequently Asked Financial Questions
What people want to know about managing money

 

How do I learn how to stop spending money unwisely?
Budget, budget, budget…when we first meet someone, we give them a user friendly budget form. It doesn’t take long to fill out, and then we see where the money is going. We also let people know that 5 steps to financial planning: cash management, risk management, planning for home and college education, retirement planning and transfer of asset to the next generation.

What is the best way to plan for retirement?
JUST START. The most effective way to save for retirement and the unexpected is to systematically save and then protect what you have with insurance. Circumstances are different for each person, but the best way to plan is have automatic withdrawals taken from your income that are invested according to your risk tolerance. We help you learn your tolerance for risk, and then choose investments so you can sleep at night. There is no one right way to invest your money, just the right way for you.
 

What is the best way to manage my resources for the long term?
The key is not to just tell someone what to do with their finances but to educate and help people create a plan that works for them. Have a spending plan – not a budget – so you know where your money is going. Then create a plan for investing over a long period of time.
 

Is it more important to pay off debts or create a savings?
First, look at the good, the bad and the ugly of money management. The good are your investments, the bad is debt and the ugly is high interest or high level debt. Pay off ugly debt first. Then weigh the balance between how much interest you’re paying on bad debt, and interest rates you are earning on good investments to decide how much to save or pay down on debt.