April Jones

Homrich Berg Adds Two Senior Leaders In Wealth Planning Roles

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Abbey Flaum and Isaac Bradley bring depth and expertise to $12B RIA

ATLANTA — September 19, 2022 — Homrich Berg is excited to welcome two key client service additions as Abbey Flaum joins as Managing Director, Family Wealth Strategist and Isaac Bradley joins as Director of Financial Planning. The pair join as the $12 billion RIA continues to bolster its leadership team and enhances its already deep family wealth planning expertise. Flaum and Bradley share a similar background in complex tax and estate planning law, while Bradley also served clients as a wealth planner and accountant during his career.

“We’re excited to have Abbey and Isaac join the HB team,” said Thomas Carroll, president of Homrich Berg. “As we continue to grow, both will play an instrumental role in not only helping to serve clients directly but also providing resources to our advisor teams that will help them provide the HB standard of service to our clients.”

As Family Wealth Strategist at Homrich Berg, Flaum will focus on providing complex estate and tax planning advice for clients with taxable estate situations, while also serving as a central resource for all HB client service teams on estate planning issues. She has spent 16 years in private law practice in trusts and estates, most recently as a shareholder with Cohen Pollock Merlin Turner, and has been an active leader in the Atlanta community for many years.

“In my years of law practice, I was continually impressed by the thought, care, and personalized involvement that Homrich Berg advisors committed to the estate planning process for clients we shared,” Flaum said. “Like me, HB advisors worked to earn their clients’ trust, which is integral in the creation of any strong relationship. The opportunity to create the Family Wealth Strategist role at such a quality institution committed to deep client service was irresistible, and the fact that Homrich Berg placed significant value in creating this role demonstrates the firm’s commitment to holistically and meaningfully planning for its clients.”

As the Director of Financial Planning at Homrich Berg, Bradley will use his breadth of knowledge to work closely with HB client service teams on retirement, estate, insurance, tax, and charitable planning issues. He will be responsible for creating scalable resources for advisors, ensuring they have access to the latest relevant information, and implementing consistent planning processes. Bradley is joining HB from Wells Fargo where he served as a Senior Wealth Planner for five years.

Bradley echoed the sentiments of Flaum about Homrich Berg’s client-centric culture: “I’ve always shared HB’s client-first mindset. Having a technical background and being client-facing allows me to work with clients to educate and enhance their financial lives while also providing our advisor teams with resources to serve their clients well.”

About Homrich Berg

Founded in 1989, Atlanta-based Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as the leader of the financial team for our clients, including high-net-worth individuals, families, and not-for-profits. Homrich Berg manages over $12 billion for more than 2,000 family relationships nationwide.

 

Contact:

Rodneya Ross
Gregory FCA for Homrich Berg
610-228-2093
rodneya@gregoryfca.com

April Jones

The Retirement Plan Menu of the Self-Employed…and those that work for them.

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August 19, 2022
By: Director, Philip H. Clinkscales, III, CPA, CFA, CAIA, CGMA, CFP®, PFS

When a typical employee starts a job, they are usually offered a pre-set menu of retirement funding options that has been set by their employer. The choices usually involve whether to participate, which to participate in, and how much to participate. This limited choice can, in turn, limit the tax benefits available to those employees as well.

The self-employed, on the other hand, get to set their own menu. This means the options are greater for them and their employees. For those that are self-employed and solo practitioners, the menu can almost be without limits.

The number of self-employed (and their employees) makes up almost 1/3 of total employees(1) and this number has been growing since COVID-19. Below we will explore the options for this growing percentage of the labor force, the self-employed:

1. Traditional and/or ROTH Individual Retirement Accounts (IRAs)

For many just starting a business from scratch, the initial plan choice is likely an IRA. This is a very simple “plan” to establish, contribute to, and maintain. There is very little, if any, administration of the plan and very little to no overhead costs as well.

Coincidentally, this type of account (especially the Traditional version) is likely to be the final destination for most, if not all, of your other retirement plans once you are done working.

Plan Type: Individual – No ties to the employer.
Setup: Easy
Administration: Little to None
Cost to Setup & Maintain: Little to None
Annual Contribution Limit: $6,000 ($7,000 with catchup in the year you turn 50 and later)
Tax Benefits: Beneficial to make an annual decision on which type to utilize in each year.

ROTH IRA Benefit: tax free growth if distributed after age 59 ½. Here the contribution itself has income limitations and is non-deductible. All other factors equal, the ROTH IRA should be utilized in lower income years.
Traditional IRA Benefit: maximum annual tax deduction equal to the annual contribution limit but the deduction is subject to income limits. All other factors equal, the Traditional IRA should be utilized in higher income years relative to the ROTH IRA.

2. Solo 401(k)

If you still have no employees and the company income has outgrown the IRA options relative to the tax benefits provided by them, a Solo 401(k) may be worth considering. You are unable to utilize this option if you hire any employee other than your spouse (think Solo 401(k) is available to all employees on a solo joint personal tax return).

Plan Type: Employer
Setup: Easy
Administration: Little – for accounts under $250,000. Additional regulatory filings for those above that amount.
Cost to Setup & Maintain: Little to None
Annual Contribution Limit: $61,000 ($67,500 with catchup in the year you turn 50 and later) or 100% of earned income, whichever is less.

Employee Portion (Employee Deferral): $20,500 ($27,000 with catchup after age 50)
Employer Portion: 25% of compensation (or 25% of net self-employment income for single member LLCs or sole proprietors). Compensation up to $305,000 is applicable for consideration.

Tax Benefits: Current deduction for contributions and tax-deferred growth. Taxed at time of distributions beginning after age 59 ½. Much like an IRA, there is a ROTH option available.

3. Simplified Employee Pension (SEP IRA)

The Simplified Employee Pension is necessary to consider once you, as a self-employed individual, begin to hire an employee or employees (other than your spouse). Sometimes you may need more help (other than your spouse), and sometimes working with your spouse may not work out.

Plan Type: Employer but with Individual Participant IRAs
Setup: Easy
Administration: Simplified
Costs to Setup & Maintain: Little to None
Annual Contribution Limit: Contributions as a percentage of salary MUST be the same for ALL employees (owner/ employee included).

Employee Portion (Employee Deferral): None
Employer Portion: $61,000 or 25% of compensation (25% of net self-employment income for single member LLCs or sole proprietors), whichever is less. Compensation up to $305,000 is applicable for consideration.

Tax Benefits: Current deduction on contributions for the employer and tax-deferred growth. For the individual, taxed at time of distributions beginning after age 59 ½. No ROTH option available.

4. A Savings Incentive Match Plan for Employees (SIMPLE IRA)

As you grow in the number of employees and/ or the payroll dollar amounts, another option may prove useful. This option is available to employers with less than 100 employees.

Plan Type: Employer, but with Individual Participant IRAs

Setup: Easy to More Involved
Administration: Easy to More Involved
Costs to Setup & Maintain: Little
Annual Contribution Limit:

Employee Portion (Employee Deferral): $14,000 ($17,000 with catchup in the year you turn 50 and later) subject to a total of $20,500 ($27,000 with catchup after age 50) for ALL employer plans.
Employer Portion: Matching of employee contributions up to 3% of compensation OR a fixed 2% for all eligible employees. Compensation up to $305,000 is applicable for consideration.

Tax Benefits: Current deduction for contributions and tax-deferred growth. Taxed at time of distributions beginning after age 59 ½. No ROTH option available.

5. 401(k)

This is the plan most W-2 employees interact with at non-self-employed employers and can be an option for those with a great number of employees.

Plan Type: Employer
Setup: Involved
Administration: Involved
Costs to Setup & Maintain: Relatively Expensive
Annual Contribution Limit: $61,000 ($67,500 with catchup in the year you turn 50 and later)

Employee Portion (Employee Deferral): $20,500 ($27,000 with catchup in the year you turn 50 and later)

Employer Portion: It can vary in forms and amounts – Matching, Qualified Matching, Profit-Sharing, Qualified Nonelective, Money Purchase.

Tax Benefits: Current deduction for contributions and tax-deferred growth. Taxed at time of distributions beginning after age 59 ½. Much like an IRA, there is a ROTH option available.

6. Defined Benefit Plan

For those self-employed individuals (especially solo practitioners employing zero to very few) with higher incomes, the below options may be particularly appealing. These can be great tools for those that would like to store away an amount of money greater than that offered by Defined Contribution plans. Unlike the above which are considered Defined Contribution plans due to the fact that the amount contributed is the known variable, the below options are considered Defined Benefit Plans. These can also be used as standalone plans or in conjunction with one of the above plans to really supercharge your retirement funding and the current tax benefits of doing so. Employees generally must be offered to participate in the plan and the employer will need to make contributions on their behalf. Often, these plan types will require the services of a separate administration firm commonly referred to as a Third-Party Administrator (TPA).

  1. Defined Benefit Pension Plan
    These are referred to as pension plans because the “known” guaranteed amount is a monthly benefit starting at retirement. This is based on a formula involving compensation and length of service.
  2. Cash Balance Plans
    These plans are much the same as pension plans but rather than a “known” monthly benefit amount, the “known” guaranteed amount is a maximum lump sum payment amount at retirement.

Plan Type: Employer
Setup: Very Involved
Administration: Very Involved
Costs to Setup & Maintain: Expensive Setup and Annual Expenses
Annual Contribution Limit: Calculated by an actuary usually with minimum, maximum, and recommended values that can be quite large.
Tax Benefits: Current deduction on contributions for the employer. The maximum deduction must be calculated by an actuary.

Conclusion

Having a retirement plan as a self-employed individual, whether solo or with employees, is important as part of your overall financial plan. By knowing all your options, you will be able to choose a plan that fits best with your situation to maximize the benefits available.

(1) Kochhar, Rakesh (2021, November 3) The self-employed are back at work in pre-COVID-19 numbers, but their businesses have smaller payrolls. Pew Research Center. https://www.pewresearch.org/fact-tank/2021/11/03/the-self-employed-are-back-at-work-in-pre-covid-19-numbers-but-their-businesses-have-smaller-payrolls/

Important Disclosures

This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

The information is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any investment product. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters.

For a description of the qualifications for the CFA designation, as well as a CFP® Certification Explanation Statement, please visit our website https://homrichberg.com/privacy-policy-disclosure/.

©2022 Homrich Berg. Download a PDF version of this article.

Ari Robbins

Our Approach to Private Alternatives

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Homrich Berg: Established in private alternative for 25+ years

Private alternatives have been a key part of Homrich Berg’s investment philosophy for over 25 years, and we believe they are as relevant today as they have ever been. 

With the potential for heightened public market volatility in both stocks and bonds, we believe this is an excellent time for investors who can be illiquid with a portion of their assets to consider private alternatives as a potential source of yield, diversification, or capital appreciation—or a combination of all three. 

The range of opportunities in this asset class is vast—and continues to expand. In fact, more than $23 trillion is expected to be invested in private alts by 2026, up from $13 trillion today. 

This magnitude of rising allocations toward alternatives supports our desire at Homrich Berg to educate investors about this asset class and continue to expand our clients’ access to private market opportunities.

As a leader in this space among independent fiduciary RIAs, our firm has been investing in private alts since the early 1990s. Since then, we’ve grown to be one of the leading independent RIA firms focused on these investments. The amount of client assets under management that are invested in private alternatives is nearly $1.5 billion (as of 3/31/2022), and we have a dedicated team of analysts who source, evaluate and monitor private investments. This includes CFA charterholder Dan Ziznewski, who oversees Homrich Berg’s sourcing, due diligence, and manager selection for private alternative asset classes and is a frequent commentator on the topic. 

Homrich Berg has access to a wide range of institutional brand-name firms as well as smaller niche players, including funds on the platforms of other wealth managers. Because we are a fiduciary independent firm, we are not driven by a motivation to “sell” a specific investment based on financial incentives. Rather, our sole focus is to invest with the managers we believe have the greatest potential to generate the best risk-adjusted returns for our clients. 

For those who might not meet the minimums of some private funds, we assemble internal funds of funds (with no extra management fee or incentive fee of any kind), which are diversified portfolios of alternative strategies. We’ve created nine such investment vehicles since 2000 with 100+ manager relationships inside those funds.

We work with each client to understand how best to implement alternatives into the overall financial plan. Depending on the client situation, investment options may differ. This includes understanding whether the client is an Accredited Investor, a Qualified Client, or a Qualified Purchaser, as defined by U.S. securities laws.

Learn more about the opportunities in this asset class and how our firm helps clients navigate this complex category. 

Contact us to learn more about how Homrich Berg can help you find the potential fits for your portfolio. 

 

 

KEY DISCLOSURES:  Above is a general discussion from Homrich Berg of current investment themes, asset classes, and specific investment segments. The discussion includes our opinions and forward looking thoughts and analysis as of 08/15/2022 and is not a guarantee of future investment results.

Actual client portfolios are often customized and do not necessarily represent an exact replication of, if any, allocation discussed. This presentation focuses on a wide range of economics and finance issues in order to educate you on the linkages between these topics and their impact on the overall economy and investment markets. The content of this presentation represents the opinions of Homrich Berg regarding these educational topics and should not be interpreted as direct investment advice or marketing of HB services. This presentation includes third party sources which we believe are reliable but have not been independently verified. Investing involves risks including loss of principal. This document does not constitute legal, tax accounting or investment advice.

Private alternative investments are not for every client. You must be qualified to invest in a private investment based on your net worth and/or other criteria, and you may qualify to invest in some alternative investments while not be allowed to invest in other alternative investments. Alternative investments are typically illiquid and are not risk-free, and there is no guarantee of achieving superior performance compared to similar liquid investments. Past performance is not a guarantee of future results for any investment. Please consult your Homrich Berg client service team to determine if private investments are suitable for your overall investment portfolio and to determine the appropriate allocation to private alternative investments if used in the portfolio.

April Jones

Homrich Berg Acquires $1.5B RIA Oakbridge Partners

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ATLANTA — April 4, 2022 — Homrich Berg (HB) is pleased to announce that the firm is expanding its presence in metro Atlanta with the addition of Oakbridge Partners, a $1.5 billion RIA based in Buckhead. When the deal closes, the combined assets under management are expected to be over $13 billion, building on HB’s position as the largest fee-only fiduciary wealth management firm in Atlanta.  The deal is expected to close at the end of May.

Warren Wick II, CFP®, CPA, William Cohen, JD, LLM, Jennifer Storey, CFP®, Eric Toole, CFP®, and Brandon Downs, CFP® will join the firm as Principals along with the rest of the team from Oakbridge Partners. The team brings a combined 100+ years of wealth management experience, adding depth to Homrich Berg’s expertise across a wide range of planning and investments issues.

Oakbridge Partners was founded in 1974 and, like Homrich Berg, is one of the oldest fee-only fiduciary wealth management firms in the Southeast. The move to join HB came as the firm had identified the need for greater infrastructure and resources to serve its client base as it continued to grow rapidly. As the largest independent fee-only wealth management RIA in Atlanta, HB provides the internal resources, executive management, private investments, and technology platform to allow the Oakbridge advisors to focus on clients and offer them an enhanced client experience.

“For us, every firm that joins HB must be a cultural fit and hold a strong belief in serving clients the way that we do by putting planning first,” says Thomas Carroll, president at Homrich Berg, who worked with both Toole and Downs previously. “With aligned firm philosophies and talent, we feel confident that the new team will be a seamless extension of our firm as we expand our strong presence in Atlanta.”

“We hit a critical point in our growth and had to make an important decision to either add infrastructure – including management, investment solutions, and technology – or to partner with a firm with those capabilities,” says Oakbridge principal William Cohen. “We have great respect for what our friends down the road at HB have built, and are excited to join the firm and be part of the firm’s growth trajectory in the Southeast.”

The Oakbridge Partners advisors serve more than 480 households across 19 different states.  The advisor team includes a talented group of younger associates and client service operations leaders.  The team will remain in its current office near HB’s Buckhead office until Homrich Berg’s current office expansion project at Three Alliance Center is complete in 2023. The estimated $1.5 billion of AUM associated with Oakbridge Partners includes roughly $300 million of AUM associated with Oakbridge Partners subsidiary Antares Wealth Management.

About Homrich Berg

Founded in 1989, Atlanta-based Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as the leader of the financial team for our clients, including high-net-worth individuals, families and not-for-profits. Homrich Berg manages over $10 billion for more than 2,000 family relationships nationwide.

Tana Gildea
Green Mellen

Help Your Kids March Toward Financial Security, Part 2

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In a previous post, we talked about the importance of helping our kids March Toward Financial Security by having conversations about saving and how best to allocate a paycheck – or any money that comes their way.

We want to continue that theme by exploring ideas to help them save and invest on their own. An obvious first step is to open accounts like savings and checking accounts. You can walk into your own bank with your teen and open accounts like we did when we were kids. (Anybody remember having a “passbook?” Yes, I am that old.) Some banks allow teens to have their own account in their name prior to age 18; others may require a parent to be a joint account holder. Regardless, I recommend setting up balance alerts or some other method of monitoring because there are likely to be a few “oops” moments as your teen is learning the mechanics of banking, and overdraft fees are not cheap. (Although offer a good teaching moment!)

There are now many online options for teens to open an account from the convenience of a phone. Do your research and check ratings and user comments. Sites like NerdWallet and The Balance have ratings for such accounts and a quick online search will lead you to articles and resources to help analyze the options. The important part is to make sure that you help your child understand how these accounts work and what tools the online app has for monitoring and tracking.

The more interesting part comes in working through the mechanics of depositing paychecks and setting up automatic transfers to savings and investment accounts. What a gift it is to teens to get them primed to have a formula for receiving money:

  • X% to charity (if that’s important to your family),
  • Y% to the emergency savings account, and
  • Z% to long-term investing.
  • Maybe you add a C% for saving for college or a G% for paying for gas each week.

Teaching teens how to allocate their earnings to important goals and priorities sets them up for financial success throughout their lives. They don’t need a job to be introduced to this structure. It is great to set priorities for any money they receive.

This is also an opportunity to teach them about the differences between interest on a savings account and opportunities for dividends and investment growth in an investment account. Savings accounts have low interest rates because the safety of the principal is guaranteed – lower risk, lower reward (interest). Investing carries a risk of loss so must provide greater reward (higher interest rate, dividends, or the opportunity for increases in the value of the investment).

When your teen does have earned income[1] (wages from a job), we recommend they open a Roth IRA account. The beauty of a Roth IRA is that the owner can invest those funds and as long as they follow the Roth rules, they will never be taxed on the returns from those investments (called “unearned” income in tax lingo). Wow – that is a great deal! Interest, dividends, and capital gains over their lifetime build up and are never taxed (under the current tax rules anyway). Unearned income in a non-retirement investment account is subject to tax at “ordinary income” rates which go from 10% to 37%.

It is important to note that the contribution amount is limited to the lessor of earned income or the limit set in the Tax Code which is $6,000 for 2021 and 2022. Other important points:

  • The contribution can be made from any source so a parent could incent savings by matching the teen’s contribution. So, if the teen is going to contribute 20% of their income to the Roth, a parent could match that and gift the teen the money to contribute an additional 20%, thus, doubling the contribution to 40% of income. The limit would be that total contributions cannot exceed the $6,000 limit (2021 & 2022).
  • Everyone has until April 15th to make the contribution for the PRIOR tax year so you can fund 2021’s contribution until April 15, 2022. (They must have earned income for 2021, though, so if they just got a job this year, they would be funding their 2022 contribution.)
  • Your teen should report the contribution on his or her tax return for the year of contribution but is not required to. If no return was required to be filed or they have already filed for 2021, they can still make the contribution. They should track their contributions, and the custodian of the account will send a Form 5498 each year, usually in May, which they should keep for record-keeping purposes.

How should they invest those funds? That is a topic for a different day, but this is a great way to get teens interested in and exploring the differences between stocks, bonds, ETF’s, and mutual funds. All of the online investing platforms like Schwab, TD Ameritrade, and Fidelity have tools and resources to help people learn about investing and are reputable sources of information. Time is a real friend in terms of investing so starting early and investing consistently will make their march toward financial security that much easier.

As part of our Financial Foundations series, we have a free webinar on April 6th at noon on Investing Basics for our clients.  These webinars are a great resource for children of our clients to learn more about the basics of personal finance.

[1] Earned income is a tax-related term and indicates that wages and other such income is available for contributions to retirement accounts like IRAs and Roth IRAs while unearned income, like interest and dividends, is not available for such contributions.

Tana Gildea
Green Mellen

Help Your Kids March Toward Financial Security, Part 1

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As parents, we all want to raise kids to be independent and competent adults. We work hard to build their self-esteem, their confidence, and guide them through life’s many choices. However, we don’t always do a lot to build their financial skills. Sometimes this is because it’s difficult or uncomfortable to talk about money. Sometimes it’s because we don’t feel very confident in our own financial prowess and are concerned about questions that we may not know how to answer ourselves!

Regardless of the reasons, if we want our kids to be financially stable and secure, it’s up to us to start teaching them about money basics. One easy way to do that is to teach them about saving once they get their first job.

Before the paycheck comes, discuss these questions with your kids:

  • Does your family believe in tithing or making charitable contributions with those first dollars?
  • What percentage of income goes to “emergency” savings? (We recommend at least 10% for those with bills to pay but perhaps much higher for a teen.)
  • What percentage of income goes to long-term financial security? (We recommend at least 10% for those with bills to pay but perhaps much higher for a teen.)
  • Do you expect your child to contribute toward college expenses? What percentage should be saved for that expense?
  • How about for buying or maintaining a car? Do they have responsibilities toward that or for gas and insurance? It’s important to learn that those things get expensive!
  • Do they need to start paying for their cell phone or clothing?
  • How much should be free to spend on “wants,” fun, and entertainment?

If teens get a check and are free to spend it all on anything they want, they go down a spending path. Their wants can get bigger and bigger, and they can become less and less discerning about how they spend their money. When it is time to pay their own bills, it’s a brutal shift in their reality! Most of the money goes to taxes and living expenses! Where’s the fun stuff? (We know, parents feel the pain every payday.)

However, if they learn that earned income should be allocated to financial security first, to basic needs next, and then to “fun stuff,” they learn how life really works for adults. They are building up their own resources and starting to create financial security for themselves separate from their parents. We all hope this creates a feeling of pride and independence for them and puts them on a path to self-sufficiency and financial confidence.

We recommend that parents have these discussions with their teens, whether or not they currently have a job, and share their own beliefs and practices around saving. It’s ok to admit to not knowing all the answers but offering to work together to find good answers. It’s also important to admit to your own financial mistakes and regrets. No one has been perfect with their money, and there is always much to be learned from mistakes. It’s great to teach our kids the power of learning from successes and failures. Henry Ford said it best, “The only real mistake is the one from which we learn nothing.” You bet.

In future posts, we’ll continue to help our kids March Toward Financial Security by discussing the benefits of opening and funding checking and savings accounts, starting Roth IRA accounts, and using other tools to help them improve their financial skills.

Andy-Berg
Green Mellen

Andy Berg Named To Atlanta Magazine 500 Most Powerful Leaders In 2022

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Homrich Berg is pleased to announce that CEO Andy Berg was named to Atlanta Magazine 500 Most Powerful Leaders in 2022. Andy co-founded Homrich Berg in 1989 with the belief that high-net-worth individuals need access to conflict-free financial planning and investment advice. Over 30 years later, Berg has been named to the Atlanta Magazine’s 2022 Atlanta 500 list of influential business leaders.

Andy developed HB’s model for serving clients’ wealth management needs on a fiduciary, fee-only basis.  Andy offers his diverse clientele hands-on counsel and oversees the management and operations of the firm. Andy’s expertise spans the wealth management profession and includes financial and estate planning, taxation, and investment strategy.

Please see Important Disclosure Information Regarding Awards and Recognition

Green Mellen

Robin Aiken, CFP® Named to Forbes America’s Top Women Wealth Advisors 2022

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Congratulations to Robin Aiken, CFP® for being named to America’s Top Women Wealth Advisors, presented by Forbes. Robin has been named on this list several times now, and we could not be more proud of her dedication to guiding successful women towards their financial goals. See Robin’s ranking here.

Please see Important Disclosure Information Regarding Awards and Recognition

ajones

HB Invests in Risk Management Expertise

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Our new Chief Risk Officer Kruti Bolick discusses the proactive approach we’re taking to risk management as we pass $10B in AUM and expand outside the Atlanta region via RIABiz

PLEASE SEE IMPORTANT DISCLOSURE INFORMATION REGARDING AWARDS AND RECOGNITION

This document is for information purposes only and does not constitute an offering of any product. Certain of the information herein is forward-looking in nature, such as forecasts, projections and other assessments of potential future outcomes. There is no assurance that the results contemplated by such statements will occur, or that actual results will not vary materially.

ajones

Understanding Lifestyle Creep — and How to Avoid it

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As you make more money, it’s important to be mindful of lifestyle creep. But Principal Robin Aiken, CFP® also explains it’s OK to allow the occasional indulgence. Read more via Insider.