Infographic Posts

5 Tips for a Successful Staycation

By Byron Ellis June 8, 2018

So you need a break from work and it’s time to get away. You get excited and pull up an internet search only to see large dollars associated with airfare, hotel, and all of the fun stuff that you want to do. And if you have a large family you might as well start figuring out who will loan you the money to take your next vacation. (For the record, never borrow money to take a vacation!) Read More

5 Steps to Investing in the Backdoor Roth IRA

By Byron Ellis May 25, 2018

I am going to let you in on a little-known secret: if you have been making six figures for a while, you may think that you don’t qualify for adding new contributions to a Roth IRA. Following five simple steps may allow you to invest $20,000 to $36,000 per year into a Roth IRA no matter how much you make.
First, what is a Roth IRA? In very basic terms this is a vehicle that may allow after-tax contributions today with the potential of withdrawing money at a later date without having to pay any income tax on the gain or earnings. Read More

4 Ways to Raise Charitable Children

By Byron Ellis April 27, 2018

We all want our kids to grow up to be compassionate, kind people. We all hope they become selfless adults with giving hearts. But the truth is, as parents, we have more influence on their philanthropic tendencies than we may think. Don’t be the “do as I say, not as I do” parent. Display the behavior you want your kids to mirror, especially with your money. What they see and hear from you as children can significantly impact their adult behavior—here are four ways to raise charitable children. Read More

How to Help Your Children Make Good Financial Decisions

By Byron Ellis April 16, 2018

When you are an adult you realize that money management skills are just as or more important as reading, writing, and math. Unfortunately these basic skills are not taught in schools. That means it is up to us as parents. But where do we start? Here are 5 things you must do to help your children learn to make good financial decisions: Read More

Hidden College Expenses

By Byron Ellis March 29, 2018

Congratulations, you did it! You have successfully raised a college-bound child. I’m sure you’ve been doing quite a bit of math lately, calculating what tuition will cost when you factor in scholarships, savings, etc. You’ve made a list, you’ve checked it what seems like a million times… but what are you forgetting? As the parent of a college student, I’m here to tell you about a few costs you might have overlooked. Read More