Financial Planning

Dollar-cost averaging allows us to appreciate the bigger picture of the market, maintain discipline through periods of volatility and take advantage of opportunities as they present themselves.

The thought of running out of money keeps a lot of people up at night, and being unsure as to whether you've saved enough to retire is a major factor in deciding when work can become optional. But with our guidance and experience, it doesn't have to be.

The new year is a great time to review your financial plan. Make a budget, reaffirm your goals, and review your beneficiaries to make sure everything is how it should be!

The new year is a time to check in, and gauge the progress your investments are making. More than investments, a new year is the perfect opportunity to ensure that your retirement, insurance, estate – your legacy – is exactly where you want it to be.

Your 401(k) plan is one of the most common investment accounts out there, but if this is your first one, the enrollment process might feel overwhelming. In this video, I answer all the FAQ's I get about 401(k) plans, so you can feel confident when taking that crucial first step towards your retirement, and get started with enrollment today.

Recessions are difficult for investors. Regardless of short term volatility, your investment strategy should not change. You can use market downturns to your advantage. Continue saving and investing, revise your budget if necessary, but stay focused on your long term goals.

Bear markets are a major reason that people shy away from investing. But with a proper strategy in place, and the right guidance, market downturns don't have to be a source of fear –they simply become a necessary part of any healthy market cycle.

Creating Income from your Inheritance. Some people start to think about a beach house, others about retirement. But following your impulses can lead to a squandered inheritance. Life isn't like the movies, so most people know they are the beneficiaries of a will or life insurance policy long before they receive a dime. Putting a proper plan in place now could be the cornerstone of building wealth and income that can last generations.

Financial planning is more than saving money and creating your budget – it's about building and protecting your wealth. A solid financial plan incorporates the legal, tax planning, insurance, investment, retirement, medicare, and social security aspects of your life… and should be updated regularly.

Clients are the most important part of my work at Berer Financial. If you aren't getting the help or attention you deserve from your advisor, schedule a video meeting with me today on my "Contact" page.

As we mentioned in our blog, Why Take a Personal Finance Course, taking a class to get a foundational knowledge in money management can really make a difference. Not only can it positively impact your long term savings, but it can make you more confident in your abilities to decide when—and when not—to buy something a little frivolous.

As the single driving force behind what moves the economy, and on a greater scale, the world, money is one of the most important things humans have ever created. Trading it, borrowing it, losing it or building it are central to our existence whether we like it or not. And the more you know about how the systems of money work and interact with one another, the more well-equipped you will be to plan for your and your family’s future.