The word fiduciary gets tossed around a lot in the financial world. Kind of like “financial advisor”—a title that should mean something specific, but over time has turned into a catch-all for just about anyone offering money advice.

So let’s clear things up.

The amount you need saved depends on a multitude of factors. Every household has different goals in retirement, spending levels, health concerns, social security benefits, estate goals, and a bunch of other deeply unique considerations that make a universal “savings goal” a complete waste of time.

What will you do with the money in that old 401(k) or 403(b) plan? In terms of options that won’t trigger a tax liability, you can leave it where it is, roll it into your new employer’s plan, or roll it into an IRA. There are a couple of considerations to make when trying to decide which of these options makes the most sense.

If you’re managing debt, you’ve likely wondered whether it makes more sense to pay it off or save. This is one of the most common questions I get from new clients—and one I’ve asked myself on my own financial journey.

The anxiety that can be caused by the thought of our own death or that of a loved one can be debilitating. It makes sense, then, that we often put off solidifying our end-of-life plans with our loved ones.

In this blog post, our resident CERTIFIED FINANCIAL PLANNER™ professional John Howe-Wemett discusses some of the things keeping us away from the estate planning table in an effort to lower our anxieties.

As we prepare to enter a new year, it’s incredibly important to know that December 31 is the deadline for anyone looking to optimize their financial situation. If this is you, I’m going to walk you through some critical money moves to consider before the ball drops and it’s 2025.

The holiday season can be one of the best times of the year for spending time with family. For most people, though, this time of year also brings pressure to spend money. Believe it or not, it’s possible to have a happy holiday season without blowing the wheels off your budget bus.

As you are likely aware by now, the Supreme Court ruled 6-3 against the Biden Administration’s student debt relief plan which would have benefitted over 43 million student loan borrowers. Where do we go from here and what can you do if you can’t afford your payments? Find out in this special blog entry from our CERTIFIED FINANCIAL PLANNER™ professional John Howe-Wemett.

If there’s one thing that we’ve learned from helping hundreds of families with their finances it’s this: no two financial situations are the same.

Even though that’s the case, there are still a few universal concepts that we feel are important for everyone to understand as they interact with money.

Our CERTIFIED FINANCIAL PLANNER™ professional John Howe-Wemett breaks down five of those concepts in this entry for the Generation Capital Management blog!