Remember the naive financial decisions you made right out of college? Balentine Relationship Manager John Maddison does, too. In a new blog post, John shares how he would have handled his first “real world” paycheck differently.
Though Prince Harry and Meghan Markle may have opted not to sign a prenuptial agreement ahead of their wedding, in this blog post Head of Relationship Management Brittain Prigge, CFA, explains what’s at stake without one and urges all engaged couples to begin discussing finances well ahead of their wedding ceremonies.
Avoid lifestyle creep. Well, that’s according to the book, “The Millionaire Next Door.” Though the idea of $1 million once evoked great wealth and riches, conventional wisdom today suggests that the average person needs at least that much saved to retire. However, according to a recent CareerBuilder.com survey, 78% of American workers live paycheck to paycheck.
Dealing with a loved one facing a serious medical problem is incredibly stressful; the last thing anyone wants to do is spend time tracking down legal documents. At Balentine, we believe digital vaults are an attractive option for maintaining important documents, and we help our clients consolidate their important records as part of our financial planning process.
Having a baby changes everything! As both a father of two little ones and a wealth manager, Relationship Manager Mike Binnicker, CFP has counseled many new parents on how to prepare for the financial aspects of having a baby. Don’t miss his top five financial questions that all expectant/new parents should ask before welcoming baby.
Welcome to your 40s! We have great news: you’ve just entered your prime earning years! During this season of your life, it’s important to balance this newfound wealth creation with pragmatic saving for the future. Regardless of where you find yourself financially in your 40s, we have a number of suggestions for how to best position yourself for continued financial success.
The new federal tax code has expanded the benefits of 529 plans to include K-12 expenses of up to $10,000 per student each year. If you anticipate that your child will attend a private school for his or her K-12 education, you’ll need to adjust your planning accordingly.
With lower investment returns anticipated in the future combined with longer life expectancies, it is critical that your retirement portfolio provide the necessary spending for your entire lifetime.
Marriage and money—two things that, on their own, are complicated enough. When put together, well, that’s when things get really interesting! We share five suggestions for couples who are struggling with money issues in their marriage.
Rather than making piecemeal changes to the tax code, the Trump Administration would like to enact comprehensive tax reform, addressing the complexities and inefficiencies of the entire tax system.