Posts by Taylor Stanfill, CFP®
20 Second Advisor: 2023 Retirement Contribution Limits
Here are the maximum amounts you can save into some common retirement plans in 2023. Go ahead and increase your contribution! Cheers to 2023 and let us know if we can help you plan for retirement or navigate which plan is best for you! If you like keeping up with this data (and a lot…
Read More20 Second Advisor: Don’t let health insurance ruin your dreams!
Most people get health insurance through their employer. They are given a few options, and some of the costs are typically paid for by their employer. Most people don’t think too much about it. This all changes as people approach retirement or start thinking about starting a business! Suddenly, health insurance becomes this massive beast…
Read More20 Second Advisor: Have you filled out the FAFSA yet?
Do you have kids in high school, college or grad school? Have you filled out the FAFSA yet? FAFSA is the government’s “Free Application for Federal Student Aid” (fafsa.gov). It is a yearly application, and should be first filled out starting October 1 of their Senior year in high school, using parent and child assets…
Read More20 Second Advisor: Is your estate plan up to date?
Estate planning is not the most exciting financial topic to tackle, but it’s really important! Here’s why: Here are a few of the major decisions you’ll need to think through (we recommend that you use an estate attorney): So, is your estate plan up to date? Let us know if you need help!
Read More20 Second Advisor: 5th academic tied to Dimensional receives Nobel Prize
We seek to utilize the very best solutions for our clients! As you might know, we use Dimensional Fund Advisors’ (DFA) investment funds to help build our portfolios. They do everything with excellence. To that end, Douglas Diamond, DFA’s lead independent director of the boards of the firm’s US Mutual Funds and ETFs, was recently…
Read More20 Second Advisor: US Elections and Markets: A Webcast
You are invited to attend a webcast this Friday, September 30th at 11:30 AM EST. Our friends at Dimensional Fund Advisors (DFA) are hosting the webcast about US elections and the investment markets. During the webcast, they will look at historical data and explain why capturing long-term returns in the capital markets does not depend…
Read More20 Second Advisor: Missed My Goal
As mentioned in a previous post, Scott, Thad, and I are all training for various running events this fall. Well, my first race took place this past Sunday, and I did NOT hit my goal. I was disappointed, but, after analyzing the outcome, I am motivated to keep going. I heard someone say that “wisdom…
Read More20 Second Advisor: 5 benefits of a good training plan
Scott, Thad, and I are training for different running races this fall. Our goals are either time or distance based. In order to accomplish these goals, we must train. To increase our odds of success, we need a training plan! The benefits of a training plan include: Keeps you focused Gives you confidence you are…
Read More20 Second Advisor: How often are stock and bond returns negative?
I recently listened to a webcast and some of the numbers surprised me so I wanted to share them. You’ve likely heard us say that it’s critical to keep a long term perspective. Here is one way to illustrate this point. Let’s start with stocks as represented by the S&P 500 (500 largest companies in…
Read More20 Second Advisor: Let Your Kids Fail Financially
We must allow our kids to fail so they can learn. By failing, they gain wisdom. They learn resilience. They learn how to solve problems on their own. This applies to money as well, but it’s not easy for me to watch. On each family trip, we give our kids a certain amount of money…
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