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Dream Financial Planning Monthly Newsletter

Plan Proactively, Invest Intelligently, Minimize Taxes


August Newsletter

In this month's newsletter I discuss why I started Dream Financial Planning and the foundational principles of my firm. I also included two downloadable PDFs. One highlights what you should consider when paying off your student loans. The other provides guidance on Income-Driven Repayment ("IDR") Plans, which can be an attractive option for federal student loan borrowers.


Living the 'Dream': Breakaway Launches Firm with a Mission
I was grateful for the opportunity to discuss the circumstances that led me to start Dream Financial Planning last July with Stephanie Forshee and Financial Advisor IQ. A virtual Fee-Only firm, I primarily work with young professionals and minorities in their 30s and 40s. If you'd like to learn more about my purpose and what drives me to help my clients achieve their goals, check out my very first blog post. Below, I've listed a few principles that are the foundation of my firm.

Fee-Only
Our fees are straightforward and easy to understand by design. By removing commissions and conflicts of interest, ww're able to provide unbiased advice that propels your future forward. There are no hidden fees, and we never receive compensation from any referrals we make to our clients. The only compensation we receive comes directly from our clients.
 
Fiduciary
Your best interests are more than a priority — they are our primary driver for success. Our advice and recommendations will always be based on what benefits you the most. This Fiduciary standard is a higher standard than the Best Interest standard that brokerage firms and banks are held to when serving as a Financial Advisor.
 
Flexible Scheduling
As an entirely virtual firm, we offer evening and weekend availability, so we're available when it's most convenient for our clients.

Media Mentions

Should I Get a Financial Advisor?
I was happy to share my thoughts with U.S. News & World Report for this insightful article. The article discusses when it might make sense to work with a Financial Advisor and the additional value we can provide beyond just managing investments.
 
What Is the Point of a Money Market Account in 2020?
Last month I spoke with Kendall Little of Time.com about money market funds. If you have questions about what to do with a large cash balance, you might find this article helpful. I've also been getting a lot of questions about how to invest money you'll need in 5 years or less. You can view my thoughts here.
 
Downloadable PDFs

What Issues Should I Consider When Paying Off My Student Loans?
With more than 44 million borrowers in the U.S. holding more than $1.6 trillion in student loan debt, you probably know someone that's balancing paying back federal or private student loans with their other financial priorities. There are many factors to consider when choosing a repayment plan or deciding to refinance or consolidate. Each individual's unique circumstances will determine what strategies are available and favorable to them. This checklist will help guide you when planning around your student loans, and covers:
 
  • Relief available to borrowers
  • Repayment considerations
  • Costs and benefits of refinancing
  • Eligibility for loan forgiveness
Am I Eligible For An IDR Plan For My Federal Student Loans?
Income-Driven Repayment ("IDR") Plans can be an attractive option for federal student loan borrowers. These plans can make monthly payments more manageable and offer forgiveness after a term of years. Eligibility depends upon a variety of factors and must be determined on a case-by-case basis.
This flowchart will help guide you if you hold federal student loans through the IDR options that may be available to you and covers:
 
  • Loan type and timing issues
  • Financial hardship requirements
  • Monthly payment amounts
  • Loan repayment terms
July Blog Posts from Dream Financial Planning

Financial Planning for a Baby: What You Need to Know
Download our New Baby Checklist to make sure you have everything covered. Financial Planning for a baby should include everything from Saving for College, Insurance, Budgeting, and Estate Planning.

Getting Married? 5 Financial Considerations to Discuss With Your Partner First
As you and your partner prepare to tie the knot, you'll want to take time now to discuss your future finances.

Read more from Dream Financial Planning on the blog.


Complimentary Consultation

With uncertainty surrounding the economic stability of our country, it's okay to have fears and anxieties surrounding your own savings and investments. The most productive course of action from here is to reach out to Dream Financial Planning (or whoever your trusted advisor might be) and discuss your options. It's easy to have knee-jerk reactions when it feels like the bottom is falling out, but it is imperative to make decisions using research-backed data and a level head. If you'd like a Complimentary Review and risk assessment of your investment portfolio feel free to send me an e-mail.

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July Newsletter

In this month's newsletter I shared an article that discusses Regulation Best Interest vs. the Fiduciary Standard. I also included two downloadable PDFs. One highlights how to make sure your Health Savings Account (HSA) distributions are tax-free. The other provides guidance on if you should contribute to a Roth or Traditional IRA.  Last, but not least there are articles on the recent jobs report, first time home-buyers, and mortgage refinancing.


June Newsletter

Are you considering a Roth Conversion? I included a downloadable PDF flowchart to help guide you.  I also mention the surging Stock Market and better than expected unemployment numbers. There's also a friendly reminder about the difficulties of trying to time the market.

May Newsletter

What should I do with my 401k?  This is a question I've been getting a lot recently, I answer it in this month's newsletter. I also include two downloadable PDFs.  One is a checklist that outlines the primary issues you should consider when reviewing your taxes.  The 2nd checklist outlines what you should do if you lose your job in these difficult times. 

April Newsletter

I discuss the recent economic stimulus package and what it means for you. I also include two downloadable PDFs with helpful tips to help you navigate these trying times. Lastly, I discuss the Behavior Gap, and how holding your emotions in check is essential for financial success.

March Newsletter

In the words of Warren Buffet. “Be fearful when others are greedy and greedy when others are fearful.” Topics include Market Volatility, trying to time the market, and Mortgage Rates.

February Newsletter

Topics include Millennials and home ownership, a tax calculator from the IRS, and January blog posts from Dream Financial Planning.


Disclaimer: Dream Financial Planning, LLC does not warrant that this information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Dream Financial Planning, LLC be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Dream Financial Planning, LLC or a Dream Financial Planning, LLC authorized representative has been advised of the possibility of such damages. Please consult with your own advisor before making any changes to your Financial Plan, Investments, or Insurance coverage.