By

Adam Todd, CFP®
When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it’s time for you to make sure that your child has enough financial knowledge to manage money at college. Lesson 1: Budgeting 101 Perhaps your child already...
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Few terms in personal finance are as important, or used as frequently, as “risk.” Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their focus is on the historical price volatility of the asset or investment under discussion. Advisors label as aggressive or risky an investment...
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Medicare won’t cover all of your health-care costs during retirement, so you may want to buy a supplemental medical insurance policy known as Medigap. Offered by private insurance companies, Medigap policies are designed to cover costs not paid by Original Medicare, helping you fill the gaps in your Medicare coverage. When’s the best time to...
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Mike is a Lead Adviser in our Austin office and won the Toastmasters World Championship of Public Speaking last month. Competing against 30,000 participants from 145 countries, he won with an inspiring speech titled “The Librarian & Mrs. Montgomery.” You can view Mike’s speech here. Mike joined Toastmasters 25 years ago to reduce his use of...
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As everyone continues to get information on the CARES Act, we want to provide you with some of latest updates we have seen.  Yesterday, April 8, 2020, the Treasury Department issued an updated Paycheck Protection Program F.A.Q.  The Paycheck Protection Program formally launched on Friday, April 3rd.  The program is in very high demand and has...
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Coronavirus Aid, Relief, and Economic Security Act of 2020Summary of Legislation by FMP Wealth Advisers Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020 in response to the coronavirus pandemic. The $2-trillion stimulus package will allow the federal government to provide financial assistance to individuals, businesses, and local...
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Setting Every Community Up for Retirement Enhancement Act of 2019 Summary of Legislation by FMP Wealth Advisers Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act on December 19, 2019. We have reviewed the new legislation and summarized in this document the items we believe to be of most impact and interest...
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What is it?  Caring for your aging parents is something you hope you can handle when the time comes, but something you probably hope you never have to do. Caring for your aging parents means helping them plan for the future, and this can be overwhelming, both physically and emotionally. When the time comes for...
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If you’re retired or close to retiring, then you’ve probably got nothing to worry about — your Social Security benefits will likely be paid to you in the amount you’ve planned on (at least that’s what most of the politicians say). But what about the rest of us? The media onslaught Watching the news, listening...
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My family still gets a good laugh from the story of me asking how to tell which one was the dryer.  My beloved Aunt Polly responded with the perfect gift—a laundry basket, detergent, two rolls of quarters, and a diagram!  It saved my life, and thanks to my wife my son is already ahead of...
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