Financial Planning, Financial Tips
Edward Leach
The Dependent Care FSA – An Overlooked Benefit ...

In talking with clients about the benefits their employer provides during the open enrollment season, one often overlooked benefit if clients have dependents is the Dependent Care Flexible Spending Account (FSA).

The Dependent Care FSA – An Overlooked Benefit During Open Enrollment Season
Financial Planning, Financial Tips, Healthcare, Investments, Life Planning, Savings
Edward Leach
3 Reasons Every High Net-Worth Family Should ...

Health Savings Accounts (HSAs) are not only a savvy investment option but also offer numerous benefits, especially for high-net-worth families. An HSA is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help cover out-of-pocket medical expenses. While the utility of HSAs is universal, they hold advantages for high-net-worth families and have steadily grown in popularity since their inception.

3 Reasons Every High Net-Worth Family Should Fund a Health Savings Account
Financial Planning, Financial Tips, Investments, Savings
Joey Casolaro, CFP®
How Money Can Buy Happiness (Part 2)

Earlier this year, I explained two principles you can follow to obtain the most happiness from your spending https://www.highlandplanning.com/learning-center-1/how-money-can-buy-happiness-part-1. In today’s article, I will cover three more concepts that can help bring more joy in your life with your spending. Below are the five principles outlined in the book Happy Money.

How Money Can Buy Happiness (Part 2)
Financial Planning
AnnaMarie Mock, CFP®
Remember to Review and Update Your Estate Plan

In a previous article titled “The Estate Planning Essentials”, I identified the documents needed for a comprehensive estate plan. Although this can be a morbid topic most want to avoid thinking about, reviewing the documents not only ensures your financial legacy is passed in accordance with your wishes as smoothly as possible but guides your agent to ensure your medical and financial wishes are addressed. So, how often should you review your estate planning documents?

Remember to Review and Update Your Estate Plan

Goal Planning

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Monkey Business: Unveiling the Psychology of Financial Decision-Making

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Monkey Business: Unveiling the Psychology of Financial Decision-Making

The fascinating interplay between human decision-making and financial outcomes has long intrigued behavioral economics and psychology scholars. However, research has expanded this inquiry beyond human subjects, delving into the behavior of our primate cousins, specifically Capuchin monkeys. Situated on an island off the coast of Puerto Rico, researchers conducted an experiment seeking insights into economic behaviors, risk psychology, and the recurrence of financial crises in our societies, shedding light on the parallels between monkey behavior and human decision-making processes.

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When Should I Exercise & Sell My Non-Qualified Stock Options? – Using Merck's (MRK) Stock History

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When Should I Exercise & Sell My Non-Qualified Stock Options? – Using Merck's (MRK) Stock History

In contrast to the first half of 2023, the second half has had volatile, lackluster returns for some of the stock market and pharmaceutical stocks. Market fluctuations can significantly impact wealth creation, especially when navigating stock compensation.

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How to Evaluate a Job Offer - Salary, Benefits, Stock Options, and More

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How to Evaluate a Job Offer - Salary, Benefits, Stock Options, and More

Deciding to accept, reject, or negotiate a job offer is very important and requires much forethought to assess all the components in the offer letter. Before diving headfirst, ensure your potential new employer matches not only your compensation expectations but also your values.   

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Family Goal Setting: "The Three Questions Every Frantic Family Should Ask." [Book]

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Family Goal Setting: "The Three Questions Every Frantic Family Should Ask." [Book]

"The Three Questions Every Frantic Family Should Ask" is a book by Patrick Lencioni, a renowned author, speaker, and consultant on organizational health. The book aims to help families overcome the stress and anxiety of modern-day family life. Lencioni draws from his extensive experience in organizational health to provide practical insights and tools that families can use to build healthier relationships, communicate better, and achieve greater success in their personal and professional lives. 

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Investing Significant Amount of Cash: Lump-Sum Investing vs Dollar-Cost Averaging

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Investing Significant Amount of Cash: Lump-Sum Investing vs Dollar-Cost Averaging

Investing can be a daunting task, especially when you have a significant amount of cash to invest. One of the most crucial decisions is when to invest. Should you commit all at once or spread out your investments over time? This article will discuss the two primary investment strategies: lump-sum investing and dollar-cost averaging.

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What’s Your “Number”?

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What’s Your “Number”?

I often asked this question in high school – it usually involved someone walking away without me finding out.

And now that I have your attention…

In September 2008, the financial services company ING launched a marketing campaign called “Your Number”.  You may remember these commercials – they showed busy people going about their day with large six or seven-figure numbers floating over their heads.

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How to Get the Most Out of Your Equity Compensation

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How to Get the Most Out of Your Equity Compensation

Growing up, my parents instilled two philosophies in me; to always live below my means and save for the future. Those simple words of wisdom resonated with me and unknowingly shaped my personal and professional life. Through my parents’ guidance, anytime I’d get a cash gift, I’d put some away in savings (i.e., my very secure piggy bank) and spend the rest on myself (i.e., probably on candy or something of the sort).

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Five Financial Tips to Live By

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Five Financial Tips to Live By

There seems to be a list of five things for anything you can think of to improve your odds of success. Pareto’s Principle (the 80/20 rule) states that 80% of the results will typically come from 20% of the cause. If a list of five things can truly make a difference in your life, that is an excellent return on your behavior.

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Do We Want to Put This F.I.R.E. Out? Part 3

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Do We Want to Put This F.I.R.E. Out? Part 3

In Part 1 of F.I.R.E., we explored the meaning behind the movement and the different variations, while Part 2 of F.I.R.E. provided some context on common misconceptions. With that backdrop, we are going to outline how to quantify your definition of F.I.R.E.

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Considerations When Determining Your Income Replacement Rate

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Considerations When Determining Your Income Replacement Rate

For someone saving toward retirement, one of the most fundamental questions is, “How much of my preretirement income will need to be replaced once I am no longer working?”. Determining an accurate answer to this question is essential because it is directly linked to another critical question, which is, “How much should I be saving?”. Using a one size fits all approach to answering these questions could be detrimental to your financial plan since everyone’s situation is unique.

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How Are You Investing Your Most Valuable Asset: Time

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How Are You Investing Your Most Valuable Asset: Time

Whether or not you have an interest in sports, you have likely heard about the helicopter crash involving Kobe Bryant, his 13-year-old daughter Gianna, and the seven other people on board who lost their lives. As reported, eight seconds after losing communication with the helicopter, it plummeted at a rate of descent increasing to over 4,000 feet per minute, traveling about 185 mph on impact. The families on the aircraft were all on their way to a children's travel basketball game.

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