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Yearly Archives: 2025

Funding Your Retirement Travel

Learn how smart planning today can help turn those bucket-list adventures into tomorrow’s reality.

The Basics of Trust Creation: Choosing the Right Trust for Your Legacy

Understanding the basics of trust creation and the different types of trusts available can help you make informed decisions about your estate plan.

Saving for College: Balancing Education Goals with Retirement Security

Paying for college is a major challenge for many families, but including it in your overall financial plan can make it easier to balance education costs with long-term goals like retirement.

The Synergy of Financial Planning and Tax Strategy

Effective financial planning means balancing tax efficiency with goals, risk, and estate needs in a way that stays flexible as your life changes.

Debt Reduction vs. Investment: Finding the Right Balance

The path to financial independence often presents a challenge for investors: How can you effectively balance debt reduction with investment growth?

Setting Goals: The First Step in Successful Financial Planning

Financial success rarely happens by accident. The journey to financial security and wealth building is a deliberate process that requires careful planning and consistent effort.

RMD Strategy: Maintaining Portfolio Balance During Withdrawals

RMDs are mandatory withdrawals from your retirement accounts once you turn a certain age. Managing them well helps you avoid penalties, cut taxes, and protect your savings.

HSA: Where Financial Planning Meets Tax Strategy

Disclaimer: Woodley Farra Manion does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. Finding […]

Emergency Funds: Where to Keep Your Safety Net

Effectively planning an emergency fund requires evaluating the unique trade-offs—like insurance coverage, interest rates, and accessibility—of each option, especially as changing economic conditions influence their relative appeal.

The Impact of Life Events on Your Financial Plan

Marriage often commands significant attention in financial planning, but other life transitions often carry their own financial implications, too.

Making the Most of Your 401(k): A Young Professional’s Guide

The single biggest advantage you have as a young professional is time. While retirement might seem far-off now, starting your 401(k) contributions early gives your money decades to grow.

Building Your Down Payment While Growing Your Investment Portfolio

Saving a down payment in order to get your first home represents a significant milestone in anyone’s financial life, and careful planning is needed to make sure your down payment goals don’t derail your broader investment strategy.