Welcome to the Foundation Wealth blog! We hope you learn something! Please note, the opinions expressed in the blog are the views of the individual member of the team and may not be the opinion of the firm as a whole. Please also note that this blog is traditionally used for education purposes and should not be construed as investment advice. Please consult your individual advisor at Foundation Wealth & Tax Advisors for personally crafted advice.
Latest posts
In August and September, I happily welcomed two new clients to the firm who both had variable annuities or index-linked annuities. I very rarely advise clients to invest in annuities, and this recent onboarding experience has reminded me of why. In my opinion, annuities are financial products that are sold, not bought. As both a CPA and a CFP®, I have been consistently disturbed by the misleading information that annuity firms use as part of their sales pitch. This only reinforces my belief that a better investment solution often lies in a more traditional, albeit conservative, portfolio.
Recently, I was working with a client for whom I only provide tax services. She has a sizable taxable investment account, almost entirely invested in actively managed mutual funds, largely the Fidelity Magellan Fund. While I typically steer clients away from actively managed funds in taxable accounts due to the unpredictable capital gains distributions, in this case, the returns were undeniably strong. Paying taxes on profits is a problem we don’t mind having!
As a part of the BTC Financial Advisors Network, Matt shares his thoughts on bitcoin and how it can be an insurance with inflation.
Providing a robust 401(k) plan for your business is essential to attracting and retaining top talent. A critical element of this is offering high quality investment options within your corporate retirement plan. Regularly evaluating and improving these options not only ensures that your plan stays competitive, but also aligns with the financial goals of your employees. Here’s how you can enhance your 401(k) plan by leveraging insights from top investment options and service providers.
The jump to college is a leap that most parents know has to come for their children, but seldom are prepared for it. After all, it seems like only yesterday you were cradling your baby in your arms, and in the blink of an eye that adorable baby has grown into a not-so-fully-adult-but-thinks-they’re-an-adult adult that has their bags packed and ready to head off for college.
In the world of investing, market drops can feel like a rollercoaster—exciting for some, but nerve-wracking for most. When the markets take a downturn, it’s natural to feel anxious about your 401(k) plan. However, history and financial wisdom both suggest that the best course of action is often to stay the course. Here’s why.
As of today, my daughter is 2 months old. As my wife and I filled out her baby book it asks about the world events of today. Needless to say, we both laughed wondering how to note the last few weeks of news in American politics and the world abroad. Volatile to say the least.
Graham Mull, our Director of Qualified Plans, shares how your company can optimize the 401(k) that it offers while lowering costs and adhering to regulations.
Dear Valued Clients & Friends, This six-page letter began as a brief blog post update on the stubbornly persistent inverted yield curve. However, as one of my favorite fiction authors, J.R.R. Tolkien, once said, “the story grows with the telling.”
When it comes to managing a retirement plan, transparency and diligence in understanding the associated costs are paramount. Plan sponsors play a crucial role in this realm, ensuring that their employees' retirement savings are not unduly eroded by fees. Here, we'll dive into the types of plan fees, their impact on retirement savings, and strategies to minimize costs without sacrificing the quality of your 401(k) plan.
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