The Hidden Cost of Doing Nothing (Financially)
There is a certain confidence that comes with a car that starts every morning and gets you where you need to go. No warning lights, no strange noises, no obvious problems. When routine maintenance gets pushed back, it feels harmless. The car still starts, still drives, and nothing seems urgent. An oil change can wait, […]
The Ultimate Valentine’s Day Gift: A Future Where You Never Fight About Money
Each year when February rolls around, couples are overburdened with overpriced roses, chocolates, and the immense pressure for fancy dinner reservations. But if you want to give a gift that lasts longer than a vase of flowers, give your significant other a conversation that most couples avoid: money. While a “Money Date” might not sound […]
Are You Confident in Your Savings?
I was recently at the counter of a bookstore facing one of the worst deals of my life. I was looking to offload some books as I was organizing my office, they were never going to get read, and at this point these boxes had been sitting in my car for 2 weeks. I never […]
How serious are you when it comes to planning for your financial future?
THOR Wealth Management recently commissioned a survey of young couples – we will call them emerging wealth couples – and this blog is meant to give you a little bit of insight into the results. If you want the complete results, you can click here and then enter your email address and a full copy […]
The Value of a Financial Plan
There is a meaningful adage attributed to Benjamin Franklin that states “If you fail to plan, you are planning to fail.” This is true of many things in life but how significant is it to have a financial plan? Isn’t it sufficient to do the best we can when it comes to things like savings […]
An Investment Adviser’s Value Proposition: When and Why Do I Really Need a Financial Adviser?
At what point should you hire a financial adviser? People often assume the answer to this question is largely based on the size of their portfolio. Once your portfolio has reached a certain size, either the job becomes too daunting or complex or the risks of making a wrong move carry too much weight. In […]
Financial Habits and Lifestyle Creep
In our last blog, we encouraged you to start the new year off right by setting a few financial goals for yourself. Setting personal financial goals is so important, but, just like fitness goals, they can get pushed to the back burner of life. Time moves quickly. In the blink of an eye, you have […]
Retirement Savings Strategy – Do I Need One?
I have so many competing financial needs and I don’t know how to prioritize them. Where should I allocate my discretionary funds – debt, college education, retirement savings? Help me! We hear this plea often. The answer to the above dilemma is best solved with the development and implementation of a holistic financial plan. While […]
The Emotional Preparation for Retirement
As a person nears retirement, much of the conversation is frequently centered on financial preparedness. If you have done all the right things, you have been saving for retirement for many years leading up to this point and you have a financial plan in place, you have adjusted your portfolio, analyzed Social Security strategies, and planned for various what-if scenarios. That part is all mapped out for you. What is often a last-minute […]
4 Common Wealth Building Mistakes
Building wealth can be confusing and complex at times. To be successful, one must take a holistic approach, requiring an understanding of many different aspects of wealth management. Many of these components are intertwined. For example, ask yourself if you have a sound financial plan? If you answered yes, does the plan take into consideration […]