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Financial Planning for New Parents

Since becoming a mom last year, my financial goals and long-term plans certainly have shifted. New parents should continue focusing on their own financial security and retirement goals, a baby means a whole new set of monetary considerations. Here are some tips that can help get your family on solid footing for the future.

Tips leading up to baby

Diaper duty. In the six months leading up to our son’s birth, my husband and I strategically purchased diapers. Knowing diapers are one of the more expensive, and frequent purchases for baby, we spaced out buying diapers over a few months creating…


Beyond a Budget – Financial Tips

Planning your financial future may seem like a daunting task. You need to understand the full view of what you have, what you’ll need and what it all means for your retirement. The basics – budgeting, saving and getting rid of debt are great places to start, but there are many things to consider beyond these basics. Especially for individuals and couples who have accumulated assets, there are a few critical points to consider when striving for a more secure financial future.

Create tax efficiency: Accumulating assets for retirement via investment accounts is a great start, but it’s critical to…


Stressing About Retirement? Tips to Help

Your golden years should be stress-free and exciting. However, as financial advisors, we know how stressful it can be to decide when to retire and how to make sure your finances are ready. To help avoid retirement stressors, start planning now. As retirement approaches, create transition plan three to five years in advance of the actual date you will stop working.

Seeking the counsel of a professional wealth advisor can help plan in the most efficient way possible. There are multiple factors that go into proper retirement planning, such as:

  • increasing savings or reducing debt
  • planning…

Is a Mid-Life Career Change a Retirement Killer?

When it comes to making a change, it is important to consider the risks and rewards that accompany that switch. So, when considering a mid-life career change, what’s at stake? Could it kill your retirement?

Nobody wants to be stuck in a career that doesn’t fulfil them or makes them unhappy. However, if you are close to retirement, the decision to make a switch so late in the game could be intimidating. There are two common trains of thought: stick it out, stay on track and remain miserable, or make a change and risk delaying the start of your golden…


Don’t Fall for These Common 401(k) Myths

You build a career and diligently save money in your 401(k) so you can live comfortably in retirement, but do you truly understand what’s going on in your retirement investment account? A 2018 survey from the Employee Benefit Research Institute found that three in 10 workers don’t know what to do with their retirement savings. Below, are a few common misconceptions to avoid to help get you on the right track when it comes to your retirement efforts.

“I can just sign up and forget about it.” Enrolling in your company’s 401(k) plan and setting up automatic contributions is a good…


Four Small Changes That Can Have a Big Impact on Retirement Planning

As I scrolled through some of the leading financial publications recently, I noticed that many reporters are covering the news of retirement “unpreparedness” – sharing surveys, anecdotes and detailing the “dire” situation that Americans are facing.

However, when it comes to proper financial planning, it’s not these kind of scare tactics that will get individuals and couples on track. Rather, simple and actionable goals need to be implemented to increase the probability of success for financial plans, and in turn, retirement goals. Below, I outline small changes to weave into your lifestyle, and easy strategies to consider.

  1. Realign wants vs….

Ladies, Are You Properly Preparing for Retirement?

There are many unknown variables when planning for retirement, and even high-net-worth couples often feel overwhelmed when discussing their financial future. However, women face particular challenges – on average they live five years longer than men, requiring more assets to sustain those extra years of expenses. Women also face other challenges – many are still paid less over the course of their careers than their male counterparts and women are out of the work force for an average of 12 years to care for children and aging parents.

With all these factors, it is even more critical for women…


What to Consider when Relocating in Retirement

Did you know Lancaster, Pa. was recently named the 2nd best place to retire by U.S. News & World Report? The small, rural city, located in Univest’s backyard, is not a place that most typically think about when discussing retirement. While it’s certainly not a sunny beach town, it does check many important boxes pre-retirees should consider when deciding where to spend their retirement.

When discussing retirement and a potential relocation, it’s easy to get caught up in the fun things like what town has the best restaurants or where to catch the best shows and activities….


Balancing Your Savings: Retirement vs. Everything Else

Guest Blogger: Katie Bryan, America SavesSmall-arrow-for-disclosure

Should I save money or pay down debt? Should I pay for my child’s education or save for retirement? Should I pay down my student loans or build my savings? These are valid questions, as many of us have multiple savings and debt repayment goals to achieve at the same time. Figuring out how to prioritize them can be a struggle.

The good news is that in most cases, the answer to these questions is the same: DO BOTH….


Should Estate Planning Be a Family Affair?

Over the last few years, there have been quite a few headlines that have brought estate planning to the forefront. Remember the unfortunate situations with Prince, Robin Williams or even James Gandolfini – when they passed they did not have solid estate plans in place, which inevitably led to a nightmare for their loved ones who were left to deal with lengthy legal battles and familial disputes. Below, we take a look at a couple of reasons why these plans are usually overlooked, and best practices that not only individuals should consider, but entire families as…

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