What is financial advice worth? Is working with a financial advisor worth the cost? Let’s discuss the value of financial advice with updated research data from 2019. Previous Research on the Value of Financial Advice Vanguard performed a study several years ago which showed that someone working with a financial advisor benefited by about 3% […]
entrepreneur, Fee-Only Financial Planning, Finance
Taxes for the Self-Employed can be Steep! In addition to regular income tax rates business owners are responsible for an additional “self-employment” tax. Consider that if you are married and earn $200k in 2018, your income puts you in the 24% federal tax bracket. Add self-employment taxes and you’re looking at almost 40% of your […]
Fee-Only Financial Planning, Finance, small business
Why does a diversified portfolio commonly have a mix of different asset class exposure? Great question! Let’s explore that question and also look at 8 key investing indexes, that track popular asset classes, to see how they’ve performed recently. But first… What Is An Asset Class? Investopedia defines an asset class as “a group of […]
Fee-Only Financial Planning, Finance, Investing