Downsizing Your Home (Apr 11, 2017)

For decades, home sizes have been increasing. The average American home today is about 1,000 square feet bigger than it was in the 1970s. Now, however, a competing trend is emerging. Led by the ‘Tiny House’ movement, there’s a shift towards enjoying a more minimalist lifestyle and downsizing to more sustainable living spaces.

There are a host of reasons why you might be considering downsizing your home. It may be in preparation for aging, to reduce living expenses, to simplify your lifestyle, for eco-friendly principles, or more. Whatever the reason, downsizing involves serious consideration. There are a lot of decisions to make as you embark on your downsizing journey.

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Tips To Help You Raise Financially Wise Children (Mar 27, 2017)

Money management skills lay the foundation for lifelong success, and the path to financial wisdom begins in childhood. In recognition of Financial Literacy month in April, SageVest Wealth Management is proud to announce the launch of SageVest Kids, a website dedicated to helping you raise happy, financially wise children through developmentally appropriate activities and responsibilities.

Our new site has already been recognized by CNBC, Investment News, and Yahoo Finance as a rich resource for financial literacy, and we encourage you, your family, friends and others to visit SageVest Kids for more information. Below are some of our top tips in brief to help you guide your kids towards financially rewarding lives.

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Is Maxing Your 401(k) Enough? (Mar 6, 2017)

If you’re like most Americans, a 401(k) or similar retirement plan represents the bulk of your long-term savings. Every year, the IRS places limits on the annual contributions you can complete to these and other qualified retirement plans. Too often, people mistakenly think that if they’re contributing these maximum annual amounts, they’re saving as much as they need. While these limits might be acceptable for some individuals, they may not be adequate for everyone. The reality is that the amount you need to save for retirement hinges upon the following five key factors.

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Smart Ways To Save When Planning A Wedding (Feb 15, 2017)

important aspect of financial planning is not only balancing your expenses on a day-to-day basis, but also planning ahead for larger anticipated expenses. A wedding is a joyous celebration. Yet the big day can also come with a big price tag; the average American wedding in 2015 cost more than $30,000.

Whether you’re paying for your own wedding, or you’re a parent or grandparent footing the bill or sharing the costs, it’s important to set a realistic budget for the event and plan accordingly. Here are some subtle ways to save on costs, while still achieving a perfect day.

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Budget Advice For Those In Their Thirties (May 16, 2016)

As you head into your thirties, you’re probably glad to put some of the uncertainties of the previous decade behind you. You may have finished studying by now and be working to strengthen your financial independence with a steady income or even a business of your own.

Even with this increasing stability, though, it’s important to avoid budgetary temptations. SageVest Wealth Management’s advisor, Michael Fuhr, was recently quoted in US News And World Report’s ‘Top Budget Busters for 30-Somethings’, discussing how to evaluate a home purchase while remaining focused on your overall wealth objectives.

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Top Ten Financial Tips For Teens Heading To College (Aug 21, 2015)

Across the nation, parents are bidding a tearful goodbye as their excited teenagers head to college for the first time … or bidding on that home fitness center on eBay, as they turn their son or daughter’s room into an in-home gym before the car’s even left the driveway.

We can’t help with the emotional aspects, or with putting the workout equipment together. But when it comes to nurturing financial skills and wisdom, SageVest Wealth Management and SageVest Kids are valuable resources for you and your family. Following are a number of points we recommend discussing with your teenager, or in collaboration with one of our advisors, with a goal of launching your young adult on the road to life success as well as the road to college.

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Enriching Your Life: Your Relationship With Money (Jun 25, 2015)

Money is a valuable resource that can improve our quality of life and help us to accomplish our life goals. Fostering a healthy outlook towards money is an important aspect of achieving a more positive life balance. As part of our educational Speaker Series, SageVest Wealth Management recently hosted renowned author, speaker and money coach, Olivia Mellan. Olivia shared expert advice about factors that influence how we connect with our wealth, and the importance of having a trusted financial advisor like SageVest Wealth Management to help achieve money harmony.

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The Roth 401(k) (Aug 28, 2012)

Some employers offer 401(k) plan participants the opportunity to make Roth 401(k) contributions.

A Roth 401(k) is simply a traditional 401(k) plan that accepts Roth 401(k) contributions.

If you’re lucky enough to work for an employer who offers this option, Roth contributions could play an important role in maximizing your retirement income.

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