Career Professionals
Life's a juggling act, especially in your 30s and 40s. Work, family, personal goals, and let's not forget money – it can all get a bit chaotic.
Let’s simplify your finances so you can live your best life today and still be set for tomorrow.
How We Can Help
Retirement Planning
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Planning for retirement can get tricky, especially if it’s decades away. When estimating how much you should have saved for retirement, there are many factors that come into play, such as when you’ll retire, what kind of lifestyle you plan on having during retirement, your health, and what type of investment risks you are comfortable taking.
One rule of thumb is to have a multiple of your total annual income saved up for retirement by a certain age. For example:
By age 30, have 1x your salary saved
By age 40, have 3x your salary saved
By age 50, have 6x your salary saved
By age 67, have 10x your salary saved
If you'd like to talk about these options and figure out the best choice for you, schedule a consultation call.
Education Planning
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You have options when it comes to saving for your child’s future. 529 plans tend to be a popular choice for most families because they offer tax advantages for qualified educational expenses, may be used for K-12 expenses, may also be used for technical and vocational schools, and can be rolled over into a Roth IRA if your child doesn’t go to college. However, there are some limitations and nuances to 529 plans that may require additional insight.
Book a consultation call to understand your options and plan for your child’s future.
Investment Guidance
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When thinking about investing, you'll want to consider some important factors, including: your risk tolerance, when you'll need to access the funds, investment experience, personal financial situation, and investment goals. We can analyze your current situation and provide recommendations on making sure your investment holdings are appropriate for you. We'll also take a look at your overall financial health, other retirement planning ideas, and any other critical financial planning areas.
Schedule a consultation call so we can begin working together.
Major Purchases
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When preparing to buy a house, consider the following factors:
Home affordability: typically 3-5x your gross annual income is the limit for total house price. Try to keep monthly housing expenses to no more than 30% of your gross income.
Current housing market: Research the prices of homes in the neighborhood you want before you set your savings goals and shop for loans. Understanding the price per sq foot will help you rule out specific areas.
Credit health: Keep your credit score high and limit opening accounts if you plan to apply for a mortgage relatively soon.
Downpayment: To avoid additional fees, a 20% downpayment is typically standard. However, there are some home buying programs that may be able to assist with this if you can qualify.
We’d be happy to help you think about this and work through your options, schedule a consultation call to begin.
Estate Planning
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If you have significant assets and have a family, it’s likely that some form of estate planning would be helpful for you to ensure that asset transfers are aligned with your wishes. We can help you understand your options.
Tax Guidance
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It’s hard to know what your tax situation will be when you retire (or when you're eligible to start withdrawing from your retirement accounts). In general, we like to create optionality. This means, over your working career we'd like to develop both pre-tax and Roth accounts.
Depending on your situation, there are specific times you may want to target Roth dollars (for example, if you’re newly in your career, taking time off from work, changing jobs and taking a pay cut).
If you'd like to talk about these options and figure out the best choice for you, schedule a consultation call. During this call, we can conduct a comprehensive overview of your financial situation and goals and then create specific actions that you can take to improve your financial future.
Let’s chat
Schedule your free consultation so we can begin building your financial future together.