Fee-Only Investment Advisory and Financial Planning Firm Serving Greater Richmond, Virginia
The Cost of Trying to Time the MarketWatch this video on YouTube The impact of missing just a few of the market’s best days can be profound. We have a pretty cool data visualization of a hypothetical investment in the stocks that make up the S&P 500 Index that illustrates the dangers of trying to…
IRA or 401k? Know the key differences between these two popular retirement plans to ensure you are saving in the right account. IRA or 401k? 5 Things You Can Do with an IRA That You Can't With a 401kWatch this video on YouTube Find out more about Financial Planning at Summit >> Key…
When to file for Social Security seems to be an easy decision, one should just file at their “Full Retirement Age,” right? That can be the correct answer, but there are many nuances to filing for Social Security that can have long range implications on how much Social Security income you receive over your lifetime. …
Say Goodbye to the Stretch IRAWatch this video on YouTube Say Goodbye to the Stretch IRA The SECURE Act was passed in Dec of 2019 and we are starting to see more and more people affected by it one way or another. Jennifer and Mike discuss a couple of those ways and how you can…
What is Happening with the Housing Market?Watch this video on YouTube Summit Live: Session 10 What is Happening with the Housing Market? Hope Egan, a Principal with The Egan Team | Fathom Realty, is our special guest. Jennifer sat down with Hope to discuss the crazy real estate market we have experienced in 2020 and…
Things We Wish We Did Sooner…Watch this video on YouTube Summit Live: Session 9 Things We Wish We Did Sooner… Part of the planning process with clients at Summit Financial Partners is to take a look at their past so there is a better idea of how they got to where they are today. Whether…
6 Small Budgeting Tips that Make a Big DifferenceWatch this video on YouTube Summit Live: Session 7 6 Small Budgeting Tips that Make a Big Difference Jennifer and Mike go through 6 different tips they compiled around budgeting that can make a huge difference to your financial future! Want to chat more? We’re always…
Tax returns are a pain point for most of us. The process of gathering the needed documentation, handing the data to your accountant, or inputting the data into a program yourself, culminating with the common result of “you owe money” is unpleasant for all of us. From our perspective, a further negative is that all…
Summit Live: Session 5 Roth Accounts: Do you have one? Should you? Do you have money saved in a Roth? Should you? Mike and Jennifer of Summit Financial Partners discuss Roth IRA’s, 401k’s and conversions. They go over different advantages and disadvantages that you should be considering and other factors to think about when deciding…
Summit Live: Session 4 Diversification: Always Having to Apologize for Something… “Don’t put all your eggs in one basket” – Age old advice that is still important today! When it comes to diversifying your portfolio, is an “index fund” enough? Jennifer and Mike clarify what diversification is and how you can achieve it in your…
Summit Live: Session 3 Has the Stock Market Recovered? Fake News? The Stock Market is a constant headline in the news. But what does it actually mean with when the media tells you the market is down almost 3000 points for the day (like it was on March 16th, 2020)? Or when you hear that…
We are not even two weeks into 2021 and it seems like so much has happened already! As Mike and I sat down to review 2020 and look forward to 2021, we wanted to share with you a little “Year in Review” letter to keep you up to date on everything we at Summit Financial…
