Taking a Career Break to Raise Your Children: All Things Considered
One of the tougher decisions to make as a young parent is whether to take a career break, in one of its various forms, to bear and raise your children. While being a stay-at-home father is not as unheard of as in the past, this is a role that still primarily falls on the shoulders […]
Mid-Year Review: Is Your Financial Plan Still on Track?
With the first half of the year behind us, mid-summer provides a natural opportunity to evaluate how the year is unfolding. Some goals may be progressing as planned, while others may have taken a back seat to life’s day-to-day demands. Often, priorities shift altogether as family, career, and unexpected events reshape what matters most. Since […]
Why Healthcare Costs Demand Financial Planning
Healthcare costs have quietly become one of the biggest threats to long-term financial security. Not because people aren’t insured, but because even with insurance, the costs keep rising faster than almost everything else in a household budget. Recent data makes this hard to ignore: These aren’t one-time spikes. They reflect a structural shift that requires […]
Bridging the Gap: Income Strategies for Early Retirement
Retiring early is an exciting goal, but it often comes with a major logistical hurdle: If your 401(k) and IRA accounts are generally locked until age 59½, how do early retirees actually generate income to live on? The answer lies in thoughtful financial planning and utilizing the right mix of accounts. Below, we break down […]
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 […]