Posts by Taylor Stanfill, CFP®
20 Second Advisor: 5 Things To Do BEFORE 2024
One of the best things we did as a family this year was automate monthly savings for a big financial goal. We went from “hoping” it would happen to seeing real progress every month. It felt great, and we want that for you! Here are some things you can do now to make progress: I…
Read More20 Second Advisor: Does your pace and schedule align with your priorities?
I recently realized that my schedule, pace, and life structure wasn’t pointing me towards what matters most. I had become hurried, restless, distracted, and more impatient with my kids (hard to admit but true). The magnetic pull of our culture is strong. It screams “more / bigger is better”, “you can do and have everything”,…
Read More20 Second Advisor: Get your fine art / collectibles appraised!
If you have any fine art or collectibles (furniture, jewelry, etc), it’s a good idea to get them appraised. This way, you can insure them at the correct value. These items often have a special place in our hearts. You may have saved your hard earned money to purchase them. Or, you may have inherited…
Read More20 Second Advisor: Inner work to produce external results
I dug up a tiny Japanese Maple seedling from my parents’ yard a few months ago hoping I could transplant it to mine. Within a week of transplanting it, it looked dead. The leaves fell off and it looked pathetic. But, I kept watering it and noticed that the branches were pliable and alive. Then,…
Read More20 Second Advisor: Identify The Pressure Relief Valves
A pressure relief valve on a water heater allows excess pressure to escape so the tank doesn’t explode!! This made me think of assessing financial risk. I was recently working with a client to analyze a large financial investment. There are many unknowns and some risk involved, so we walked through each scenario and identified…
Read More20 Second Advisor: I get distracted…do you?
I just finished a book about becoming less distracted so you can live out your highest purpose. Have you ever become distracted from starting or finishing a financial goal? It happens to all of us so don’t feel bad. Just do something about it! My wife and I have a financial goal that’s been hanging…
Read More20 Second Advisor: Quick Estate Planning Guide
Helping people get their estate plan in order brings me a lot of joy, because there is a deep level of satisfaction that comes from knowing this area is buttoned up. It’s an easy task to put off until “tomorrow.” Here is a quick rundown of how assets are transferred upon death: That said, if…
Read More20 Second Advisor: Learning Guitar and Investing
I am taking guitar lessons. It’s been a goal of mine for a while, and I realized I needed the face to face instruction and accountability to give myself the best chance of success. My instructor keeps telling me…”I’d rather you practice 15 minutes a day than ONLY 2 hours on Saturday!” This made me…
Read More20 Second Advisor: Automate Priorities
“Automate your priorities and they will happen…automatically!” It sounds like a joke, but it’s such a powerful financial planning tool. l’ve also heard it said this way…”direction, not intention, determines your destination.” Here are some common financial priorities that can be easily automated: When you know that your most critical priorities are happening in the…
Read More20 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…
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