Better Financial Health in 15 Minutes (or less!)

Have you heard of a backdoor roth, but you've never really known what it was or if you should take advantage of it? Well, you're in luck because this week, Stacey is explained what a backdoor roth is and who should consider doing one as well as who may not benefit from it. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Have you been keeping an eye on the market lately? Some folks are seeing big gains and others are seeing more modest or no gains. Why is this happening and what should you consider doing because of the current situation? Stacey is here to give us an update and shed some light on how to make the most of the moment. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

This week we are rerunning an episode that Stacey alludes to frequently- How to avoiod leaking money. It may seem obvious as to what you can cutback- fewer nights out, less travel, decrease shopping, etc; but there maybe some smaller places where money is slowly leaking out of you and you don't even realize the impact it is having on your finances. What are the things you are not enjoying or not even using at all? It's time to take a look and see where you are leaking money to set yourself up well for the rest of the year. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

How many times a day do you use a password online? Dozens, maybe hundreds. How secure are you passwords and how careful are you about keeping your accounts secure? Stacey is here this week to offer some simple tips to help you make sure you are doing the most to protect yourself against online scams and those trying to steal your information. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Perhaps you're looking to diversify your portfolio and looking for options, but you're unsure of what's what and what you need to be looking for. Stacey is here this week to share some things to look for and, more importantly, look out for to see if the deal is more risky than you might want. She also shares more about "boring investments" and why those may not seem exciting, but they can be useful.

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Most of us have car insurance, but we don't think much about it on a regular basis. Additionally, you may have homeowner's insurance, but you haven't paid much attention recently to what your policy actually covers. Stacey is reminding us all about the details we maybe overlooking on our car/renters/homeowners insurance so that we make sure we are getting the coverage we need without paying for things we won't use. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Some people are finding themselves looking to their 401k for cash in order to get themselves out from under debt or to help cover costs. This week, Stacey explains how much it can cost you over the long term to make that decision to cover short term expenses. Listen up to understand how and when to use 401k withdrawals and loans as a tool in your financial tool box, but also other options that might be helpful so you can leave your 401k alone and get the most out of it later. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

A question Stacey receives often is what to do about high interest debt. Whether it's credit card debt, a car note or something else, many people are unsure of what to pay off and what to save. Stacey has some tips today to help you understand where you money will do the most work for you. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

A topic that has been hot with our clients and in the news is the changes to the fees Federal Home Mortgage Association. If you just watch the news or scan headlines, you maybe thinking this is a penalty for those who have better credit. But, Stacey is here to explain the rest of the story and why this change may not be as impactful and scary as it sounds. 

 Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States.  Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.