Posts by Taylor Stanfill, CFP®
20 Second Advisor: 2021 Retirement Contributions
How much will you save towards retirement in 2021? Do you know how much you should be saving? Here are the maximum amounts you can save into the most commonly used retirement plans in 2021: 401k Pre-tax or ROTH – $19,500 401k Catch-up if over 50 – $6,500 SIMPLE IRA – $13,500 SIMPLE IRA Catch-up…
Read More20 Second Advisor: Hope Is Not a Strategy
I love the hope, optimism, and resilience that was displayed as America rang in the New Year! It’s these characteristics that enable us to rise above many different challenges. That said, things didn’t change overnight, and we don’t know what this year will hold. In meeting with clients, I began thinking about what we can…
Read More20 Second Advisor: Room by Room
My family and I recently moved back into our house after a 4 month renovation. We were overwhelmed by the seemingly endless unpacking that needed to happen. My wife, Sal, is blessed with the gift of being organized so she had a plan. First, we knocked out our room so we felt organized and knew…
Read More20 Second Advisor: Practice Gratitude
It’s Thanksgiving so I can’t help myself. Gratitude is medicine. Gratitude combats entitlement. Gratitude changes our perspective. Here’s how we can practice this week: Take a moment right now and write down 10 things you’re grateful for (I just did) Invite your family, kids, or friends to share 3 things they are grateful for during…
Read More20 Second Advisor: Healthy Living and Personal Trainers
I met with someone recently who said “hiring a personal trainer has been a game changer, because I don’t have to create the workouts”! Sometimes, in order to make progress, we need a 3rd party to lighten the load and hold us accountable. I’m a big advocate for healthy living. In my opinion, healthy living…
Read More20 Second Advisor: 3 Reasons to Talk To Your Kids About Money!
There are a few taboo subjects that parents usually avoid when talking with their kids. One of them is money. Here are a few reasons I encourage you to talk to your kids about money: Money impacts or touches nearly every area of life! We all know it’s important so why do we avoid the…
Read More20 Second Advisor: The Outcome Isn’t Important
I recently heard someone say “don’t measure success or failure by the outcome but by the wisdom of your decision that led to that outcome.” Said another way: we can not control the outcome, but we CAN make wise decisions with the information we have available to us. This principle makes perfect sense, but it…
Read More20 Second Advisor: Go To The Dentist!
There was a period of 5 years when I did not go to the dentist. I had a FEW “trouble spots” that needed to be fixed, and I decided to ignore the problem. The discomfort and expense were preventing me from doing what I needed to do. It was dumb. When I finally went, the…
Read More20 Second Advisor: The Beauty in Struggle
We learn like crazy when things get hard. We grow when we overcome obstacles. We get stronger when we push beyond our comfort zone. We naturally seek comfort and avoid pain yet we are drawn to the beauty that struggle produces… Diamonds are formed only after intense pressure and heat Butterflies emerge after the strain…
Read More20 Second Advisor: Pet Peeve About Your Spouse?
When asked what my wife’s pet peeve is about me, she will quickly respond with “he wants to discuss our finances too often!” I THINK I’ve gotten better over the years, but I’ll have to ask again! I came up with a saying that I share with my clients…“In order to make money a non-issue,…
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