By Preston Rosamond Your employer is always looking for ways to both reward and effectively motivate you. They feel if they can align your financial well-being with that of the company, it will motivate you to do your best and contribute positively to the company’s performance. One of the ways they do this is by offering an Employee Stock Purchase Plan (ESPP). How Does An Employee Stock Purchase Plan Work? An ESPP is a program...
By Preston Rosamond If you are reading this article, chances are you are among the few who have a decent understanding of finances. However, when you really stop to think about it, how much do you actually know when it comes to the basic financial concepts that impact your portfolio? The unfortunate truth is the majority of adults today are financially illiterate. In 2014, McGraw Hill Financial teamed up with Gallup, Inc., the World Bank...
By Preston Rosamond Taxes can give anyone a headache, but even more so if you have investment property as one of your assets. What do you do if you want to sell your property or move on to something else but are wary of capital gains taxes? That’s where a 1031 exchange, or a like-kind exchange, can help. But like anything tax-related, there are plenty of rules and options that can make or break the...
By Preston Rosamond When it comes to financial planning, talking about death is oftentimes a very sad and uncomfortable topic to dig into. Think about it. Who wants to imagine their spouse leaving sooner than expected? Nobody! However, no matter how hard the conversation may be to have, that should not stop it from happening. The reason for this is because a truly comprehensive financial plan must consider and prepare for losing a loved one...
By Preston Rosamond As the saying goes, “Work smarter, not harder.” This applies to anything in life, especially retirement. More money saved up in your 401(k) means more freedom to do what you want later on (e.g., travel). While making larger contributions from your paycheck is one way to make a huge impact on the bottom line, there are other simple strategies that can maximize your 401(k) even further when properly put into place. Three...
By Preston Rosamond Few things are more stressful than watching helplessly as your life savings plummet before your eyes. Investing is all fun and games when the numbers are moving in the right direction. But when they aren’t, it’s horrifying. Here’s the thing. When the market hits a rough patch (which it will!), there is a right way and a wrong way to react. Your behavior directly determines the outcome. Act appropriately, and you can...
By Preston Rosamond At The Rosamond Financial Group, we care about educating our clients and being involved in our community. We want to involve you in the financial planning process and give you opportunities to be a part of what our firm does. That’s a big reason why we are holding a fun and festive 2019 Economic Outlook & Estate Planning event, Texas style! Here are a few details for you: When Tuesday, January 22nd...
By Preston Rosamond A financial professional can play one of the most prominent roles in a person’s life, providing a long-lasting relationship and offering valuable guidance. It’s not surprising, then, that it can be incredibly overwhelming to find an advisor you can confidently rely on and with whom you want to work with for the long term. At The Rosamond Financial Group, we understand the concerns that go along with this intimidating process. Trusting someone...
By Preston Rosamond It’s a brand-new year, and if you’re like many other Americans, you find yourself with fresh motivation to conquer goals and accomplish the tasks that you know are important. And while setting New Year’s resolutions is a healthy way to set your intentions for the year, 80% of resolutions fail by February. (1) Thankfully, it doesn’t have to be this way. If you have dreams of making 2019 your best financial year...
This year is quickly coming to a close, and if you’re like most Americans, you spend the month of December attending Christmas parties, shopping for gifts, and planning for travel. You might think that managing your finances can wait as you deal with the holiday busyness, but since finance-related resolutions take third place for most popular New Year’s resolution, (1) why don’t you give yourself a head start on your 2019 financial goals? Here are...
By Preston Rosamond The Rosamond Financial Group is a full-service financial planning and investment advisory firm specializing in total asset management. Whether you need investment planning, retirement forecasts, insurance evaluation, tax development plans, or education planning, we can help you travel the road and arrive in good condition. Our services differ from those of other firms because we place a high priority on your time. We want to free up your time and energy so...
If you want something done right, do it yourself. That rings true with long-term financial planning. If you rely on your loved ones or on federal programs like Medicaid and Social Security for your retirement, long-term healthcare can leave you with gaps in coverage and lacking funds. Long-term planning is vital to keeping you comfortable in your old age, both physically and emotionally. What’s your long-term care plan? Do you have a plan for your...