Articles – Page 2 – Thorne Financial Partners

Top of Mind

Practicing Mindfulness With Money Can Help Boost Your Financial Wellness Many people practice mindfulness through yoga, tai chi or other forms of movement, often incorporating breathing exercises. Others rely on their smart watch or phone to ping them at the same time each day, urging them to practice it for a few minutes. While there are many definitions of mindfulness, this one from mindful.org seems to capture it well: Mindfulness is the basic human ability to be fully present, aware …

Pay It Forward

Looking To Teach a Child Some Important Money Lessons? Consider a Roth Custodial IRA. You started early and have saved hard in your 401(k). You’ve also paid close attention to your investing strategy over the years. And you definitely understand the benefits of tax-deferred compounding over the long term and the potential for growth. Heck, you’ve even remembered to change your account password every 90 days. Maybe now it’s time to pay it forward and pass along some of your …

Eyes on the prize

Despite Challenges, Americans Remain Focused on Saving for Retirement In the face of economic uncertainty, market volatility, geopolitical unrest and the ongoing COVID-19 pandemic, plan participants have continued to save for retirement. Vanguard’s annual report, “How America Saves 2022,” cites a number of encouraging factors that are contributing to this trend. Plan Sponsor Support The report acknowledges that the pandemic has brought more attention to the unstable position of most Americans’ finances (70% of Americans surveyed say anxiety over finances …

Eliminate the Guesswork

Creating an estate plan is a key component of achieving financial wellness Most people don’t spend too much time thinking about end-of-life planning on a daily basis. But you may have loved ones who will soon face those issues. While it’s not pleasant to think about, you may be the one who ends up having to sort out their affairs. In addition, there will come a time when you need to think about yourself and your own family. In a …

Tax related identity theft crimes

Criminals are stealing taxpayers’ identities and committing tax-related crimes. There are steps you can take to keep your personal information protected. Identity theft is a growing concern, impacting 14.4 million U.S. Consumers in 2019. Armed with your Social Security number, a criminal can use that information to commit tax and other financial-related crimes in your name. There are a number of common ways that identity thieves can obtain your Social Security number: Stealing your mail, purse, or wallet. Stealing data …

Megapari Casino Review: A Comprehensive Look into the Thrilling World ofOnline Gambling

Introduction: In the vast landscape of online casinos, Megapari Casino has emerged as a prominent player, offering an extensive array of games and exciting features. With its sleek design, user-friendly interface, and a vast selection of gaming options, Megapari Casino aims to provide an immersive and enjoyable experience for both novice and seasoned gamblers. In this review, we will delve into the various aspects of Megapari Casino, including its game offerings, bonuses, customer support, and overall reputation. Game Selection and …

Financial considerations during a divorce

A divorce can have a profound impact on your finances. We outline key considerations for maintaining your financial health as you proceed through the process. No matter whether your divorce is amicable or contentious, it can have a profound impact on your finances. There are myriad rules and regulations to consider; we outline some of the most significant and how they could impact your assets. Who Gets What No matter where you reside, generally, any assets or property that you …

Working with a financial professional

Your financial professional is an experienced financial professional who will help you work toward your financial goals. Here’s how to optimize that critical relationship. The financial world is a complex one to navigate. New investment products, global investing opportunities, employee-driven 401(k)s — these (and many more) collectively underscore the value of seeking professional financial advice. As you transition from going-it-alone to working with a financial professional, there are a few key points to consider. Standards of Professionalism The term “financial …

Reality Check on Your Retirement Savings

Whether you’re 23 or 35, it’s important to know whether you are saving enough for your retirement. There is no time like the present to ensure you are allocating enough funds to your retirement account. With folks routinely living into their 80s and 90s, it’s more important than ever to ensure your money lasts your lifetime. Millennials have the advantage of time. You can benefit from compounding and the long-term trends that can make a real difference over the course …

Managing a Budget During your retirement

Retirees face a critical task in managing their income and expenses to ensure that they can support their lifestyle and any healthcare costs. Unless you have accumulated substantial wealth where money is not a concern, you face a critical task when you reach retirement to make sure that your assets will support you through your lifetime. When you retire and no longer earn an income to pay for your bills and living expenses, developing and adhering to a financial plan, …

Blog

Ready to discuss Your Financial Future?

Ready to discuss
Your Financial Future?