By Preston Rosamond It’s a new year, which often comes with renewed motivation and fresh resolve! If you have many goals and resolutions you want to make a reality this year, it can be overwhelming to know where to start or which ones should take priority. Thankfully, when it comes to your financial goals, we’re here to help! Here are 4 of the most important financial actions to take in 2022. 1. Take Stock of...
By Preston Rosamond What’s better than a 401(k) when it comes to saving for retirement? You just fill out a form, check a few boxes, pick an investment such as a target-date fund, and you immediately start saving for those golden years (sometimes with an employer match to boot!). Easy, right? While it may be fairly simple to sign up for a retirement plan through your employer, some planning tips could make your 401(k) work...
By Preston Rosamond It’s not an easy decision to find a professional you can trust to help you navigate your financial worries and hopes. Whatever it was that propelled you to consider asking for help, we want you to know that we at The Rosamond Financial Group are your advocates. We put you first—always—and strive to guide you toward a strong financial future, tailoring our services to your unique needs. But don’t just take my...
By Preston Rosamond Happy Holidays from our team at the Rosamond Financial Group! This year has certainly had its ups and downs, but we are always grateful to have clients like you. We appreciate your trust in us and the opportunity to provide exceptional service. It is our goal to help you feel confident in your future and prepared for whatever comes your way. Ring in this holiday season with peace and joy, knowing that...
By Preston Rosamond As you work your way through your retirement checklist, don’t forget to consider healthcare planning. A commonly overlooked (and headache-inducing) part of transitioning into retirement is navigating Medicare’s enrollment options. To help simplify things a bit, here’s a summary of the multiple Medicare plans available and the various enrollment periods to take note of. And if you’re already enrolled, now is an ideal time to reassess your coverage to ensure it’s still...
By Preston Rosamond There are many natural milestones we reach as we go through life, everything from graduating college to making major career decisions, getting married, and having kids. But as you draw closer to retirement, milestones require some forethought and planning. So whether you are counting down the days until retirement or planning to work for another decade, here are some things to add to your financial to-do list as you celebrate your 62nd...
By Preston Rosamond We all know about Social Security, and some of us may have even gone the extra mile to log in to our account and get an estimate of our future benefits. But have you gone even further and looked at your complete retirement picture to figure out how Social Security will affect your future retirement? Today, Social Security benefits can make up an average of 40% of a typical retiree’s income. (1)...
By Preston Rosamond Starting your own business and growing it to be a full-fledged success can often feel like raising another child. It’s not just your career—it’s your life. It takes blood, sweat, and tears, so it’s not for the faint of heart. And because starting and running a business is all-encompassing, it’s unlikely your few spare moments are spent thinking about how and when you’ll transition out of this ownership role in the future—a...
By Preston Rosamond Wendy Mitchell, author of the extraordinary Alzheimer’s memoir Somebody I Used to Know, said, “Why feel ashamed of having a complex brain disease? People are afraid to talk about it.” It’s true that a devastating Alzheimer’s diagnosis can bring about a range of emotions for both patients and their loved ones. From this point forward, financial planning is essential to ensure proper care, protection, and comfort. During this difficult time, we at...
By Preston Rosamond An uncomfortable shift occurs when your parents reach a certain age. It’s when you realize that rather than them helping and guiding you, it’s now the other way around. This role reversal, in addition to being emotional, can leave you responsible for your parents or the estate they leave behind. If their affairs aren’t in order, it’ll be up to you to take care of the details in an already stressful time...
By Preston Rosamond Most business owners will agree that owning your own business is not just a job—it’s your life. This emotional investment can make it difficult to find a balance between prioritizing personal finances and your business. For example, a common struggle business owners face is creating a plan to convert their successful business into long-lasting personal wealth, namely retirement. Many small business owners invest personal savings into their business, and 34% of business...
By Preston Rosamond Among the many ramifications of the COVID-19 pandemic, one major takeaway is a renewed appreciation for a steady income. The cherry on top is if your employer also offers comprehensive benefits, which greatly increases the potential for net gains from your income. Utilizing these benefits effectively can help you either save a small fortune in expenses or gain a fortune through investments. Today let’s go over some of those benefits—and some you...