Magellan Financial Advisors

Asset & Wealth Management in Allentown, Pa

The life you imagine is built on the decisions you make today.

 610-437-5650

  •  Home
  • Services
    • Our Financial Services
    • Wealth Planning
    • Investment Planning
      • Wells Fargo Advisors’ Envision® Process
      • Investment Planning Process
      • Life Insurance Services
      • Estate Planning Strategies
    • Impact Investing
    • Investment Management
    • College Savings Plans
      • College Savings Basics: How & When To Save
    • Retirement Planning Services
      • Retirement Is For Living
      • 401k Retirement Plans
      • Social Security & Medicare Benefits
    • Business Financial Services
  • Team
    • Our Team
    • Whom We Serve
    • Get Started Now
    • The Client Relationship
  • Work At Magellan
  • Knowledge Center
    • Blog
    • Market Reviews
    • Education
    • Helpful Resources
  • Contact

Introducing Our Family and Finances Blog Series

Mar 04 2019

Family and Finances Allentown PA

You already know the basics of personal finance: spend less money than you earn, save the rest. Once you’ve got that covered, it really comes down to how you balance your financial goals. Do you pay off your student loans early or save more toward your retirement? Add in the complexifier of a spouse and children and all of those financial decisions become even more difficult to juggle.

As your family grows and you progress in your career, there may even be goals that directly compete with each other. For example, how you (or grandparents) set-up a 529 college savings account can impact that amount of financial aid your child receives. (Of course, the more complicated the situation, the more you can benefit from working with a financial advisor.) This blog series is about navigating difficult family financial questions just like those and helping you prioritize what’s important to you.

We aim to distill each topic into a few key points, building off of questions and concerns we commonly encounter from people we meet with every day, just like you. We look at ways to turn high income into family wealth, how to simplify the college planning process, and building a financial foundation that leads to a fruitful retirement. We even investigate ways designed to successfully transition your business in an effort to protect your legacy and ease into the next chapter of your life.

Your family’s financial goals can seem stressful and overwhelming but they don’t have to be. We’re here to help.

Family & Finances Related Topics:

  1. Family & Finances Blog Series (this page)
    We outline key lessons for balancing a family’s financial goals and introduce our 2019 blog series.
  1. 5 Ways High Earners Sabotage Their Investment Plan
    While earning a good income makes building wealth easier, it’s only part of the equation. Avoid these 5 common financial pitfalls to ensure that you reach your financial potential.
  1. College Savings Basics: 529 Plans, FAFSA, and School Aid
    Many parents are confused by the complexity of the college aid process and worry about how they can best help their child pay for higher education. Here we outline a few basic rules about college savings plans and ways to use them.
  1. Balancing Act: Plan for Retirement AND Pay/Save Student Loans
    Paying off your student loans, saving for your child’s college education, while saving for your own retirement is a balancing act. We show you how to save both inside and outside your retirement plans to maximize student aid.
  1. 7 Steps to Create a Blueprint for the Retirement You Want
    Covering topics from consolidating your assets to creating multiple income streams for retirement, we provide a 7-step foundation for making the most of what you’ve worked a lifetime to achieve.
  1. Health, Wealth & Money: Midyear Financial Wellness Check-In
    When planning for your family’s financial future, you need to review both your current finances and the overall health of both you and your partner. Once you’ve done that you’re better positioned to plan for age 50 – and beyond.
  1. The 4 Financial Lessons You Should Teach Your Kids Right Now
    Kids who don’t learn about personal finance are at risk for making mistakes with money that will take years to correct. Parents (and grandparents) should teach their kids these 4 financial lessons to set them on the right path.
  1. Balancing Time and Money: How Much is OK to Spend?
    Every day we make exchanges between money and our time. In this blog we show you one way to prioritize your financial goals by looking at the time you exchange for each payment – and the enjoyment you receive in return.
  1. How to Create an Effective Transition Plan for Your Business
    To transition your business you need to identify, prioritize, and implement a series of steps. But whether you are planning an internal sale to family or internal management, or your aim is an external sale to a financial buyer, put safeguards in place to protect your legacy.
  1. Magellan Recommends: Our Top Personal Finance Tools of 2019
    Ditch the paper & pencil and cancel your Excel subscription; in this video blog, members of the Magellan team highlight their favorite budget apps and personal finance tools of 2019.
  1. How to Set Expectations & Help Your Child Find the Right College
    Have conversations with your child about whether you think college is right for her – and how much financial help they can expect from you. Then, learn how you can help your child find the college that’s right for their needs.
  1. Series Recap: Our 3 Biggest Family & Finances Lessons
    The final installment of our Family & Finances blog series summarizes the three biggest lessons for meeting your family’s financial goals.

Have additional questions or concerns about retirement? Contact Magellan Financial today to speak to our Retirement Advisors.

The opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors Financial Network or its affiliates The material has been prepared or is distributed solely for informational purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.

Categorized: Business Financial Services, Educational Planning Resources, Family & Finances, Living in Retirement, Retirement Planning
Tagged: : college savings, financial wellness, Guide to Retirement, income streams, retirement planning, setting expectations, spend management, transition planning

Recent Posts

  • Monthly Stock Market Review – February 2023
  • Monthly Stock Market Review – January 2023
  • Stock Market Outlook 2023
  • Monthly Stock Market Review – November 2022

Categories

Archives

Blog Subscription

Contact Magellan Financial Advisors

MAGELLAN FINANCIAL, INC.

1605 N Cedar Crest Blvd #111
Allentown, PA 18104 USA

 610-437-5650

Toll Free:  1-888-437-5650
Fax:  610-437-5654
Email:  Rob.Cahill@WFAFiNet.com
Click Here for Directions

Financial Services

  •  Investment Planning
  •   Investment Management
  •   Business Owners
  •   Retirement Planning Services
  •   401(K) Retirement Plans
  •   Socially Responsible Investing

Client Resources

  •   Educational Resources
  •   Family & Finances
  •   Business Financial Services
  •   Stock Market Review
  •   Retirement Planning
  • Life Insurance
Investments in Securities and Insurance Products:
Not Insured by FDIC or any Federal Government Agency
May Lose Value
Not a Deposit of or Guaranteed by a Bank or Any Bank Affiliate

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affliates of Wells Fargo & Company. WellsTrade brokerage accounts are offered through WFCS.

This information is intended for use only by residents of AZ, CA, CO, CT, DC, DE, FL, IL, IN, MA, MD, NC, NJ, NM, NY, OH, PA SC, UT, VA, VT, WA, WI. Securities related services by Magellan Financial, Inc., may not be provided to individuals residing in any state not listed above. Insurance-related services may be provided by Robert I. Cahill, CFP, Managing Partner, only to individuals residing in: AZ, CO, FL, MA, NJ, NY, PA, SC, VA.

A Note About Social Media
Opinions, comments and actions taken on Social Media are those of the third party and do not necessarily reflect the views of the creator of this profile or of the firm. Social Media is intended for U.S. residents only and subject to the following terms: wellsfargoadvisors.com/social.

Privacy Policy | Legal | Security | Sitemap ©2023 Magellan Financial, Inc. | All Rights Reserved Designed And Developed By DaBrian Marketing Group, LLC.
MENU
  •  Home
  • Services
    • Our Financial Services
    • Wealth Planning
    • Investment Planning
      • Wells Fargo Advisors’ Envision® Process
      • Investment Planning Process
      • Life Insurance Services
      • Estate Planning Strategies
    • Impact Investing
    • Investment Management
    • College Savings Plans
      • College Savings Basics: How & When To Save
    • Retirement Planning Services
      • Retirement Is For Living
      • 401k Retirement Plans
      • Social Security & Medicare Benefits
    • Business Financial Services
  • Team
    • Our Team
    • Whom We Serve
    • Get Started Now
    • The Client Relationship
  • Work At Magellan
  • Knowledge Center
    • Blog
    • Market Reviews
    • Education
    • Helpful Resources
  • Contact