Fee-Only Investment Advisory and Financial Planning Firm Serving Greater Richmond, Virginia
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 7 The Hidden Investing Costs of Reconstitution Jennifer Luzzatto and Mike Sigmon discuss Index Funds, Reconstitution and how it may be costing you money without you realizing it! Learn more about how we invest >> Want to chat more? We’re always here! Schedule A Call with Us »
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 2 Effects of Presidential Elections on the Market Investors are tempted to make a connection between who wins the White House and what will happen to stock prices. But does history support that theory? Jennifer Luzzatto, president of Summit Financial Partners, goes through the data to see what trends have emerged. …
Summit Live: Session 1 Financial Planning vs Investing… Do they work together? How important is it for your investments to coincide with your financial plan? Do you even need a financial plan? Jennifer Luzzatto and Mike Sigmon talk about how there isn’t a “one size fits all” answer when it comes to you and your…
The Markets Stink. Now what? 2018 was a pretty good year for stock market returns…. Until October. Since then we have been hit with very difficult performance. A couple of weeks ago, the US markets had regained enough ground to at least have a zero percent return. At the moment, though, returns are negative…
Here is a great perspective on the market’s recent downturn from Dimensional Funds Advisors:
Summit Financial Planning is now Summit Financial Partners. A new year, a fresh look, and an unwavering commitment to our clients, Summit Financial Planning is proud to kick off 2018 with an updated brand that better reflects who we are and the services that we provide. This new branding is an outgrowth from conversations with…
IRAs, 401(k) Plans and other retirement savings accounts are a good deal, especially if you receive a contribution from your employer to match your own contributions. That is an automatic return on your investment. If you contribute 4% of your salary to a 401(k) Plan, and your employer matches that 4%, you have an automatic…
In my last newsletter I touched on the fact that I am, by nature, an introvert. While reading Susan Cain’s Book, “Quiet,” I discovered that there is a scientific belief that part of what makes a person an introvert versus an extrovert is how easily stimulated one’s amygdala. According to Ms. Cain: “The amygdala…
By nature, I am an introvert. It is much more comfortable for me to listen than to talk. Recently, however, I came to the realization that this is not always the best choice. As a financial planner, my job is to be a good listener so that I can truly understand my clients’ thoughts, needs and…
