Financial Education Resources

Open Enrollment season is upon us, a critical time for employees to review and make necessary changes to their health insurance and other benefit plans. This annual period is when you can select or change your health insurance, retirement plans, and other benefits provided by your employer. However, many employees overlook this crucial window or [] The post Maximize Your Benefits: The Importance of Open Enrollment and How Favored Financial Planning Can Help appeared first on Favored FP .

If you are a certain age, like me, you may recall a series of clever credit card commercials from Capital One asking “What’s in your wallet?” Here’s one from 2000 featuring a band of plundering Vikings. Today’squestion is similar – but instead of your wallet my question is “What’s in your IRA?” This topic was []

In Part 1 of this quick two-part series on bonuses, we looked at how to deal with the uneven cash flow aspects of receiving large bonuses. In this installment, we’re going to go into more detail about different ideas of what to do with the money.

Bonuses. They’re the best, no? A nice infusion of cash that comes in and opens up so many opportunities. A common issue people run into is how to deal with the “cash flow” aspects of receiving a large bonus. In this post, we’ll look at a couple of different ways to deal with the issue of having uneven cash flow, illustrated with specific examples.

Spencer Financial Planning turned 4 years old! In this blog post, I share some facts, non-facts, observations, and reflections regarding four years of providing financial planning services to my clients. Spoiler alert: I love my job.