As we close out the third quarter of the year, it's a natural time to pause and take stock of your progress toward your financial goals. By this point in the year, nine months of progress, challenges, and decisions have shaped where you stand today. With three months ahead, there's time to fine-tune your approach, close gaps, and position yourself to finish the year strong.
As we approach the year's final quarter, it’s the perfect time for a retirement plan check-up. Even if you set your 401(k) contributions months ago, life has a way of shifting the numbers — salary increases, bonuses, or payroll changes can all affect how much you are actually putting away.
As we embark on a new year, there's no better time to take control of your financial future by thoroughly reviewing your cash flow. If having a vision and establishing goals is the touchstone for a financial plan, this essential financial practice sets the foundation for achieving your goals and ensuring long-term financial stability.
Anyone who has gone through a divorce knows how emotionally challenging and financially complex it can be. While attorneys handle the legal aspects, a Certified Divorce Financial Analyst® focuses specifically on the financial implications of divorce. This specialized designation equips professionals with the expertise to guide clients through the intricate financial aspects of divorce proceedings, ensuring better outcomes for their financial future.
Anna Marie Mock, a fee-only certified financial planner at Highland Financial Advisors, discusses the dynamic interplay between art and science in financial planning. Drawing inspiration from Leonardo da Vinci's philosophy that "everything connects to everything else," she emphasizes that financial planning is an art involving subjective goal-setting and a science-driven by objective analysis tools. In this video, Anna explains how the scientific method can be applied to financial planning, using equity compensation as a concrete example.
Every spring, we throw open the windows, drag out the mop, and tackle the clutter that's been quietly piling up since January. But while you're scrubbing baseboards and donating old sweaters, your finances might be sitting in the corner: dusty, disorganized, and in need of attention.
So, where do you begin?
As a financial advisor, I often speak with clients about building wealth, planning for retirement, and managing investments. But one question I get almost as often is: “How do I prepare my kids to handle money responsibly?” Teaching children about money is one of the most valuable gifts you can give them. The lessons you start early don’t just shape their habits—they shape their confidence and independence.
As Valentine’s Day approaches, conversations often turn to love, commitment, and the future we envision with our partner. While flowers, cards, and dinners are thoughtful expressions of care, one of the most meaningful—and lasting—gifts couples can give each other is open and honest communication about money.
The end of the year often brings a welcome financial boost: annual bonuses, holiday gifts from employers, or extra income from seasonal work. While it's tempting to splurge on something fun, these windfalls represent a valuable opportunity to strengthen your financial foundation and accelerate progress toward your long-term goals.
The start of a new year is the ideal time to reassess your investment strategy. Much like reviewing your fitness goals or updating your household budget, your portfolio deserves a thoughtful check-up. Changes in tax laws, market conditions, and personal circumstances can all impact whether your investments remain aligned with your goals.
As more of our clients send children off to college, a common question has come up:
"How can we help them start building credit responsibly?"
Many students today use debit cards linked to a parent's account, which is fine for managing spending, but it doesn't build a credit history. Establishing good credit early can help your child rent an apartment, buy a car, or even qualify for more favorable insurance rates in the future.
As the end of the year approaches, now is the time to take stock of your finances and look for ways to reduce your 2025 tax liability. Smart, proactive tax planning before December 31 can help you retain more of your earnings, accelerate your long-term goals, and ensure your financial plan operates efficiently. Whether your income comes from salary, self-employment, or investments, here are key strategies to consider as you wrap up the year.
It is somewhat ironic that I am writing this article on the 46th anniversary of my first day as an accountant. As an audit junior for Coopers & Lybrand (Now PWC), accounting and tax “fell into my lap” after I realized that professional baseball or basketball were not in the cards. After auditing for the first part of my career, I have worked in tax for the last twenty years.
As we close out the third quarter of the year, it's a natural time to pause and take stock of your progress toward your financial goals. By this point in the year, nine months of progress, challenges, and decisions have shaped where you stand today. With three months ahead, there's time to fine-tune your approach, close gaps, and position yourself to finish the year strong.
For residents living in New Jersey, three major property tax relief programs are designed to help homeowners and renters manage their property tax burden. Understanding these programs and their income requirements is crucial for maximizing tax savings. Below is an overview of New Jersey's three major property tax relief programs and what you need to know to take advantage of them:
An emergency fund is one of the simplest – and most essential – parts of a sound financial plan. No matter where you are in life, whether that's starting your career or enjoying retirement, an emergency fund can shield you from financial chaos. Life is unpredictable, and with the second half of the year underway, now is a great time to take action, whether you're building your fund from scratch or giving it a much-needed boost.
As we cross the halfway mark of 2025, the coming months present a crucial window for strategic financial decisions. While many focus on summer plans, forward-thinking investors are laying the groundwork for sustained growth. Here are five key investment areas we consistently address with HIGHLAND clients.
Summer vacation season brings excitement, but it shouldn't derail your long-term financial objectives. As a Certified Financial Planner®, I regularly help people navigate the challenge of enjoying meaningful travel experiences while staying committed to their retirement savings, emergency funds, and debt reduction goals. The key lies in strategic planning and making your travel budget work within your overall financial framework.
May is a great time to step back and take stock of your personal finances. The rhythm of tax season is behind you, and there's still plenty of time left in the year to make strategic adjustments. Whether working toward long-term goals or simply staying organized, a thoughtful financial check-in can help ensure you're on track and making the most of your resources.
