September 25, 2018

Thinking About Becoming A Stay-at-Home Parent? 4 Financial Considerations Before Making the Transition

September 25, 2018/ Castle Wealth Advisors, LLC/ Heather Castle

Making the decision to transition from the workplace to becoming a stay-at-home caregiver can be a scary decision. There are many pros and cons to consider with both choices. Weighing and discussing these options with your spouse/ partner (while potentially difficult at times) will help you both to feel better supported by the other and more financially sound.

Reviewing these four financial considerations before deciding to make the transition can help you lower stress, have a smooth transition into becoming a stay at home parent and will help you down the line should you decide to work or not.

September 11, 2018

So, You Want a Promotion… 5 Ways to Better Position Yourself for the Promotion You Want

September 11, 2018/ Castle Wealth Advisors, LLC/ Heather Castle

Being up for a promotion can be a stressful time. However, it doesn’t have to be. Positioning yourself for a promotion should be something that you prepare for well before the interviewing process begins. Remember that old saying, “ABC… Always be closing”? When it comes to your future career aspirations and advances you should be thinking, “ABP… Always Be Positioning”!

If you are ready for the next step in your career or a new challenge these 5 tips will help you better position yourself the next time a promotion is on the line:

August 30, 2018

3 Reasons Your Spouse or Partner Should be Included During Planning Conversations

August 30, 2018/ Castle Wealth Advisors, LLC/ Heather Castle

Have you and your spouse discussed your retirement plans? In the 2017 study, Age Wave/ Merrill Lynch, “Finances in Retirement: New Challenges, New Solutions” showed that only 16 percent of pre-retirees older than 50 feel prepared for a 20-year retirement.

Personally, I found that to be a truly sobering statistic. As a Certified Financial Planner™ I’ve seen the importance and difference working with a professional to develop and follow a financial plan can make. Also, I know there is a significant need in our country to help individuals plan their finances and retirements. However, I was shocked to see a number less than 20 percent!

August 22, 2018

Meeting the Often-Overlooked Needs of Business Owners

August 22, 2018/ Castle Wealth Advisors, LLC/ Heather Castle

Business owner clients put a great deal of faith and trust in their Financial Planners, Wealth Managers, and Accounting Professionals. Clients who own their own businesses rely on us to keep them up to date on events that may have in impact on the financial health of their businesses. Often times taking a holistic approach when working with business owners is best to address their needs.

Many financial, investment, and accounting professionals have recognized the need to work with their business owner clients on succession planning. However, they have not been able to because they lacked a process and simplified workflow needed when working on these cases. This has led to an ever-widening gap between the client’s needs and the service they are receiving

August 16, 2018

Think You Are Too Young or Can’t Afford to Hire a Financial Professional to Help…. Think Again!

August 16, 2018/ Castle Wealth Advisors, LLC/ Heather Castle

Just because you have recently graduated from college or are early in your career doesn’t mean that you shouldn’t be thinking about your financial future or that you can’t seek help in answering questions you may have. This is the exact time you should be asking questions. First, from a saving for your retirement perspective, the younger you are when you start planning and saving for your retirement the better your chances of having a financially independent retirement age.

But, if you are like many young workers or graduates you feel as if you are unable to save toward many of your life goals. You may be like the many other recent graduates who have higher levels of student loan debt, lower levels of wealth and personal income than any other generation at the same stage in life according to The Pew Research Center. Depending on the type of student loans you have federal (subsidized/ unsubsidized) loans or private loans your repayment options will vary. That only means you need some help to review your student loans to see if you could benefit from refinancing them or help you figure out a plan to begin paying off your loans.

July 10, 2018

Social Security Benefits and You Retirement Plan:

July 10, 2018/ CastleWealth Advisors, LLC/ Heather Castle

Many individuals have difficulty understanding how their Social Security Retirement Benefits are calculated and questions about the impact of taking retirement benefits early or waiting receive them.

June 28, 2018

Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

June 28, 2018/ Castle Wealth Advsiors, LLC/ Heather Castle

Providing a retirement plan for your business can be beneficial to both you as an owner and your employees. With the move away from pension plans many individuals will be relying more heavily on their own savings to provide income during retirement. One of the best tools we have to create retirement savings is a plan through their employer.

If you are considering creating a retirement plan for your small business you have several options. Below will be a discussion about a few of those options. This is not an exhaustive list and there may be some plan types that will benefit you more than another. Prior to implementing a plan you should consult with a seasoned professional (financial advisor and tax advisor) who can help you select the plan that will best fit your small business. The contribution limits and tax deductions can vary from plan to plan and year to year. So, it is advised to work with a trusted advisor.

June 19, 2018

Investing for Small Business Owners: 3 Tips to a Better Portfolio

June 19, 2018/ Castle Wealth Advisros, LLC/ Heather Castle

For many small business owners, their business is their biggest asset as well as the largest producer of their family’s income. Business owners are entrepreneurs and are generally more comfortable taking on risks. For these reasons, small business owners face unique challenges when considering and selecting investments for their portfolios, and it’s important to keep in mind some basic investment principals. Not doing so can cause business owners to take on too much risk unnecessarily and can endanger their business and their income.

Here are three tips that small business owners should use to guide their investing decisions:

June 15, 2018

Understanding the Difference Between a Financial Advisor and a Certified Financial Planner™

June 15, 2018/ Castle Wealth Advisros, LLC/ Heather Castle

You more than likely have seen Financial Professionals call themselves by different titles. And like many other consumers you may be confuse about the differences, or if there are any differences. If you have ever wondered about the difference between your friend’s Certified Financial Planner™ and your Financial Advisor, keep reading to find out.

May 16, 2018

How Has Your Estate Planning Been Impacted By the New Tax Law

May 16, 2018/ Castle Welath Advisors, LLC/ Heather Castle

Now that tax season is over. Take a moment to ask yourself if your Estate plan needs to be reviewed. Many individuals and families are finding they may need to check in with their financial planner and attorney to understand how the new tax law may impact their estate plan.

An Estate plan, just like a piece of real estate, needs periodic maintenance and care to make sure it’s in good shape when you need it most.

Provisions in the newly passed GOP tax plan mean it’s time to review a handful of key areas in your estate plan. Below are five areas you should pay attention:

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