Posts by Wharton Wealth Planning, LLC
5% CD, Stocks, Bonds: What’s Best for You?
Should I buy a CD today? Many individual investors have recently demonstrated a strong appetite for various cash instruments (such as CD’s), especially as yields have been rising. It is important to note, however, that it may not be the best idea to over-allocate to cash right now. Below are some key advantages and disadvantages…
Read MoreWhat is Lump-sum Investing and How does it Work?
Is it better to invest in lump-sum or monthly payments? Lump-sum investing is investing a large amount of money all at once, rather than by making smaller investments over time. Most commonly, significant lump sums come from selling a business or real estate property, stock options (such as Incentive Stock Options (ISO’s) awarded by your…
Read MoreWhat is a Fiduciary Advisor and is the Best Advisor to Work with a Fiduciary Advisor?
Fiduciary versus Financial Advisor Advisors who possess a fiduciary duty to their clients are required to put their clients’ best interests above their own at all times. Many people are surprised to find out that this obligation isn’t required of all advisors. In fact, most advisors aren’t required to act as a fiduciary in all…
Read MoreThe Retirement Wisdom Podcast – Podcast Guide to Retirement Income and Saving Strategies and How to Make a Financial Plan
Sound retirement planning can provide you with a solid foundation for your next phase of life. David Rosenstrock, Certified Financial Planner, explains why you should have a formal financial plan as the cornerstone for your retirement planning and what common mistakes you can avoid. Click here to listen to podcast. Transcript for Podcast Below: Joe…
Read MorePlanning for Your Child’s and Family’s Financial Future- Financial Planning Tips for Parents and Grandparents
Steps to Take for Your Family’s Financial Well-being There are numerous action steps you can take to help set your children for a successful financial future. The average cost of raising a child today from infancy to age 17, excluding college and higher education expenses, is approximately $275,000 based on inflation adjusted U.S. Department of…
Read MoreWealth Planning Strategies: What You Should Do to Maximize Retirement Income and Successfully Plan for Retirement
Retirement Planning Topics to Consider Whether you are a pre-retiree or retiree, there are several major areas you should think about to successfully plan for retirement. Retirement planning can reduce anxiety and increase happiness, security, and peace of mind. If you take the time to plan wisely, retirement can be a richer and more rewarding…
Read MoreWhat to Do When You Receive an Inheritance
Inheritance Issues to Consider When beneficiaries receive an inheritance, it is important to look at how this money fits into their financial plan. This will depend upon the size of the inheritance and the state of their financial situation. Regardless of the size of the inheritance, it makes sense to look for areas of your…
Read MoreAn ESG Investing Primer (Environment, Social, and Governance)
One of the things I enjoy doing most with my children is going to new beaches and snorkeling and enjoying clean waters and the marine and wild-life. With worries about global warming and environmental pollution escalating almost daily, many of us want to make sure that we are part of the solution, not the problem. …
Read MoreFinancial Planning for Major Life Events and Changes
Major changes and transitions in life often increase the need to focus on financial planning. There are many common events that people go through that result in the need to update or change their financial plans. These events can come along with emotional joy or distress and, if plans are put in place, can have…
Read More8 Step Guide – Maximize Retirement Savings and Reduce Unexpected Risks and Mistakes
Planning for Retirement Most of us look forward to retirement, but it can be a very stressful transition. There are many wealth planning strategies you can pursue to increase the chance that your golden years will truly be enjoyable. Below is a brief guide to maximizing retirement savings and avoiding costly mistakes in retirement planning. …
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