There are so many cliches I could start out with, when thinking about writing this article. Would you ever sail the Atlantic without a...

Did you know that April 1st is 401(k) day? Okay, maybe 401(k) day isn't a real holiday but it might serve as the motivation you have been...

If you are a fan of Dave Ramsey, you are likely aware with the concept of spreading out risk with long-term retirement investing by utilizing 4 categories of mutual funds and ETFs that include Growth, Growth & Income, Aggressive Growth, & International funds. One of our very own advisors, Logan Doup, explains the basics of these 4 categories in-depth in a previous article. You can read that article here to indulge yourself with building a simple foundation of knowledge for t

The year was 2005 and I was purchasing my first home. It was a small modest ranch with three bedrooms, 1 bathroom and an attached one car...

Before we answer this question, ponder to yourself what you think the number one indictor would be for building wealth and having a...

Do the current prices at the gas pump have you contemplating pulling out your old 10 speed bike buried deep in the back part of the...

I’m sure you have seen the rise in gas prices lately. They started out slowly, increasing gradually, but this past few weeks how can you...

A Health Savings Account (HSA) is a tax advantage savings account that is created for people who have high-deductible health insurance...

Acquiring life insurance is one of the most important considerations a person can do to protect their loved ones after death. Two of the...

I would like to start off with a basic introduction to retirement-based target date and lifecycle mutual funds : Larger mutual fund companies and similar entities create these particular funds and the composition of this type of investment universally is the following: Layer 1: “Umbrella” Mutual Fund – Let’s use the Vanguard Target Retirement 2050 Fund that is simply just a placeholder for underlying mutual funds (Layer 2) Layer 2: Multiple underlying mutual funds created by

This is a great question that I get quite often. Many married couples have one income earner in the family and in many circumstances, this can limit their ability to save in tax-advantaged retirement accounts. Let’s say a married couple in their early-40’s has one income earner making $190,000/year and they want to save 15% ($28,500) of their income for retirement. The working spouse has a company 401(k) as well as a Roth IRA. Because the income earner is under 50, the maximu

If you are currently holding cash that is above the comfort of your emergency fund, you may be stuck in what is called “analysis paralysis”. That is, with extra money to invest, you are holding back as an investor due to uncertainties in markets. A volatile equities market and a low yielding bond market due to low interest rates can do that to you. So, you are keeping money in cash for the time being, all while we are dealing with the highest inflation numbers in 40 years. If

A few years ago, I had a choice to make. Not a super important one, but even still it was going to affect our family’s monthly budget and...

Here at Whitaker-Myers Wealth Managers, we think it is really important for you to know what your Financial Advisor’s goals are. Knowing...

Now that you have taken the first step and decided to start budgeting, let’s talk about creation of it. When trying to set up a budget,...

This is a common question for many people new to the budgeting world who aren’t quite sure what’s the first thing they should do. Many...

I’m not sure if there is an actual definition of success tax, however if I were to locate one, it might state that the Required Minimum...

I’m not sure if there is an actual definition of success tax, however if I were to locate one, it might state that the Required Minimum...