Posts by Financial Design Studio, Inc.
Why Income And Expenses Matter
Do you consider yourself a savvy shopper trying to find a discount? Or do you research something fully in order to find the product with the best quality and consider the higher cost worth it? Just like the above thoughts for buying a product, these things should be considered when you are choosing investments. Let’s…
Read More[Video] One Big Goal or Many Small Goals
MICHELLE SMALENBERGER, CFP ® We recently took a road trip and along the way it was my turn to drive. I was sitting at the steering wheel thinking about how long the trip was and getting frustrated. I eventually realized that instead of thinking about it in that way, as one BIG goal, I needed…
Read More[Video] Understanding the 529 State Tax Deduction
Here’s an interesting fact about 529 plans: All 50 states have their own plans. Out of those 50, 30 plus states allow for a state tax deduction. Out of those 30 there are 6 that allow you to contribute to any state but take the deduction on your state tax return. Let’s explain this in…
Read MoreIntraday Market Movements Don’t Tell The Whole Story
Spoiler alert: READ TO THE END! How many times have you watched a movie, read a book, or just experienced something in life that turned out so different in the end than what you were anticipating? This is very similar to what we are experiencing in the market over the past week and days. In…
Read MoreInvestment Crisis Anniversaries to Remember
Today marks our 10 year wedding anniversary and so it seems fitting to think back to the effect of investment crisis anniversaries. There were lessons learned at each investment crisis anniversary and it shapes how you continue to invest over the years ahead. See our examples in the list below. Worst One-Day Stock Losses Recently…
Read MoreWhat is a 529 plan?[Video]
What is a 529 plan? And how is it different from most other types of accounts? First of all, anyone can open an account, regardless of your income or age. With an IRA or 401(k) you are limited to the amount you can put into an account. With a 529 plan there is no annual…
Read More