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Personal Finance
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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Part 2: Get Technical In part one, we discussed the benefit of having a conversation about finances with your significant other, setting goals, establishing time horizons, creating a budget and paying off debts.  Now I want to talk about the financial accounts and investments that can hopefully allow you to reach the goals you set. ...
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Part 1: Starting the Conversation Going from dating to engaged is a time full of joy.  The same can be said when you finally get married.  Within one year I graduated college, started my career, and will be getting married.  For me, there was something so special about walking through those many changes in life...
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When developing a succession plan for your business, you must make many decisions. Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest to family members, co-owners, employees, or an outside party? The key...
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As the cost of a college education continues to climb, many grandparents are stepping in to help. This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what’s predicted to be trillions of dollars over the coming decades. Helping to pay for a grandchild’s college...
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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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One of the longest bull markets in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end.  *If you are losing sleep over volatility driven by a cascade of disheartening news, it may help to remember that the stock market is historically cyclical....
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Social Security was originally intended to provide older Americans with continuing income after retirement. Today, though the scope of Social Security has been widened to include survivor, disability, and other benefits, retirement benefits are still the cornerstone of the program. How do you qualify for retirement benefits? When you work and pay Social Security taxes...
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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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