Cash-Flow Planning

Are Healthcare Costs a Retirement Killer?

Are Healthcare Costs a Retirement Killer?

One of our primary goals at The Wealth Group is to help our clients achieve financial independence at a younger age than most Americans. Financial independence doesn’t necessarily mean you retire and quit working; it just means you no longer need to keep working or saving money for the rest of your life.

But for our clients in their 50s and early 60s that begin to contemplate retirement, one of their biggest concerns is healthcare costs. Before going on Medicare, buying private health insurance is certainly expensive.

Should You Buy a Car Warranty?

Should You Buy a Car Warranty?

I recently helped my mother purchase a 2015 SUV from a dealership. It was not a pleasant experience. Those of you that have purchased from a dealership know how long the process takes. Within 20 minutes of walking into the dealership, we were ready to pay all cash for the vehicle. We had done our research in advance, the test drive went well, and we were buying a reliable make and model.

On Having a Financial Safety School

On Having a Financial Safety School

Is your child or grandchild familiar with the concept of a “Financial Safety School”? High school students know well the concept of a “safety school”: a college that is almost certainly going to accept them. There are also “reach” colleges where acceptance is far from guaranteed, and “target” colleges where acceptance is likely but not a sure thing.

A financial safety school is one where the costs are reasonable for the family.

12 Great Cars for Less Than $15,000

12 Great Cars for Less Than $15,000

Have you read our post about the Importance of Car-Buying Decisions? If you haven’t, you should.

The average new car purchase price in America today is more than $36,000. That is an astonishing number, considering the financial situation of the average American today.

What is a solid Emergency Fund number for me?

What is a solid Emergency Fund number for me?

When you login to view your bank account balance, is it something that causes you stress or do you feel comfortable when you pull up those numbers? Knowing the proper amount of money to have in your savings account can often feel like a difficult question to answer.

How do you determine what the correct amount is for your family?

Before you can figure that number out, it is important to understand what an emergency fund is, and what those dollars are being saved for.

The Importance of Car-Buying Decisions

The Importance of Car-Buying Decisions

Some blog posts are more important than others. If I could shout through the screen to you, I would say: “This post is really important!” It’s not important in the sense that “Mike and Austin think this is important”; it’s important because the math shows us it’s crucial.

The second-largest annual expenditure for Americans is transportation (second to housing). If it’s the second-largest annual expenditure, it’s appropriate to say this category of spending should be a big deal in the world of financial planning.