By Preston Rosamond Happy Holidays from our team at the Rosamond Financial Group! This year has certainly had its ups and downs, but we are always grateful to have clients like you. We appreciate your trust in us and the opportunity to provide exceptional service. It is our goal to help you feel confident in your future and prepared for whatever comes your way. Ring in this holiday season with peace and joy, knowing that...
By Preston Rosamond As you work your way through your retirement checklist, don’t forget to consider healthcare planning. A commonly overlooked (and headache-inducing) part of transitioning into retirement is navigating Medicare’s enrollment options. To help simplify things a bit, here’s a summary of the multiple Medicare plans available and the various enrollment periods to take note of. And if you’re already enrolled, now is an ideal time to reassess your coverage to ensure it’s still...
By Preston Rosamond There are many natural milestones we reach as we go through life, everything from graduating college to making major career decisions, getting married, and having kids. But as you draw closer to retirement, milestones require some forethought and planning. So whether you are counting down the days until retirement or planning to work for another decade, here are some things to add to your financial to-do list as you celebrate your 62nd...
By Preston Rosamond We all know about Social Security, and some of us may have even gone the extra mile to log in to our account and get an estimate of our future benefits. But have you gone even further and looked at your complete retirement picture to figure out how Social Security will affect your future retirement? Today, Social Security benefits can make up an average of 40% of a typical retiree’s income. (1)...
By Preston Rosamond Starting your own business and growing it to be a full-fledged success can often feel like raising another child. It’s not just your career—it’s your life. It takes blood, sweat, and tears, so it’s not for the faint of heart. And because starting and running a business is all-encompassing, it’s unlikely your few spare moments are spent thinking about how and when you’ll transition out of this ownership role in the future—a...
By Preston Rosamond Wendy Mitchell, author of the extraordinary Alzheimer’s memoir Somebody I Used to Know, said, “Why feel ashamed of having a complex brain disease? People are afraid to talk about it.” It’s true that a devastating Alzheimer’s diagnosis can bring about a range of emotions for both patients and their loved ones. From this point forward, financial planning is essential to ensure proper care, protection, and comfort. During this difficult time, we at...
By Preston Rosamond An uncomfortable shift occurs when your parents reach a certain age. It’s when you realize that rather than them helping and guiding you, it’s now the other way around. This role reversal, in addition to being emotional, can leave you responsible for your parents or the estate they leave behind. If their affairs aren’t in order, it’ll be up to you to take care of the details in an already stressful time...
By Preston Rosamond Most business owners will agree that owning your own business is not just a job—it’s your life. This emotional investment can make it difficult to find a balance between prioritizing personal finances and your business. For example, a common struggle business owners face is creating a plan to convert their successful business into long-lasting personal wealth, namely retirement. Many small business owners invest personal savings into their business, and 34% of business...
By Preston Rosamond Among the many ramifications of the COVID-19 pandemic, one major takeaway is a renewed appreciation for a steady income. The cherry on top is if your employer also offers comprehensive benefits, which greatly increases the potential for net gains from your income. Utilizing these benefits effectively can help you either save a small fortune in expenses or gain a fortune through investments. Today let’s go over some of those benefits—and some you...
By Preston Rosamond Shopping for life insurance—and, indeed, any kind of insurance—is not a one-and-done kind of deal. As your circumstances change, you will likely find that your life insurance coverage and add-ons need to change as well. After all, life insurance is one of the most important components of your financial plan to make sure your loved ones are protected if you pass away. The truth is, you don’t know when your family is...
By Preston Rosamond What are the most important things in your life? Family? Health? A sense of purpose? While money may not top that list, it affects every part of your life and can give you the security and stability that positively impacts the things that matter most. But because of its far-reaching impact, managing money often leads to stress and worry. That’s why an advisor plays one of the most prominent roles in a...
By Preston Rosamond The last thing we want to think about is one day leaving our children. Forget the somber details; rather, focus on the positives—the legacy you’ll be leaving them. Have you thought about what that legacy will look like? Will the inheritance you leave for your kids be a gift that ensures their security for years to come, or a mess of assets, liabilities, and confusing records that will take years to sort...