Maximizing Benefits from Educational Assistance Programs: Key Insights for Personal Financial Planning
Personal financial planning is not just about managing individual finances; it also encompasses planning for business owners and their enterprises. In an increasingly competitive job market, effective planning can significantly enhance employee benefits as part of a benefits package, such as a 401(k) plan. One valuable strategy for business owners is educational assistance programs, which […]
Emergency and Abuse Exceptions to 401(k) Early Withdrawals
Personal financial planning is not just about managing day-to-day finances; it also includes planning for retirement and preparing for unexpected financial emergencies. The IRS recently released Notice IR-2024-170, offering essential guidance on exceptions to the 10% additional tax on early retirement plan distributions. This guidance provides critical relief options for distributions for personal or family […]
Thomas Tillery, MA, MSFS, AEP (Distinguished), CFP® to Speak at AICPA
Sunday, June 2, Aria, Las Vegas – Thomas Tillery, MA, MSFS, AEP (Distinguished), CFP®, a distinguished educator and esteemed expert in personal financial services, is honored to announce his participation as a speaker at the AICPA Engage 2024 conference. The event, renowned for bringing together leading professionals from the accounting and financial planning industries, is […]
HSA – A powerful tool in the Personal Financial Planning Process
Health Savings Accounts (HSAs) are a powerful, yet often underutilized tool, used to manage healthcare expenses and build long-term wealth as part of the personal financial planning process. Understanding how to effectively incorporate an HSA into your personal financial plan can provide significant tax advantages and help you save for future medical costs. A Health […]
Understanding Sustainable Withdrawal Rates in Personal Financial Planning
Planning for financial independence requires careful consideration of various factors, including how much you can safely withdraw from your investments each year without running out of money. This concept, known as the sustainable withdrawal rate, is crucial for ensuring your financial independence. In this blog post, we’ll explore what sustainable withdrawal rates are, why they […]
Paraklete® Financial, Inc. Expands Operations to Nashville, TN.
Nashville, TN – April 24, 2024 – Paraklete® Financial, Inc., a distinguished financial advisory firm, is excited to announce the opening of its newest office in Nashville, Tennessee. This strategic expansion reflects the firm’s commitment to providing exceptional financial services and personalized guidance to clients in the Nashville area and surrounding communities. Heading the Nashville […]
