Fee-Only Investment Advisory and Financial Planning Firm Serving Greater Richmond, Virginia
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…
This is past weekend, a sweet lady who loves investments asked me to explain to her the Dimensional Funds, the fund family that we use most in building our client portfolios. Sometimes I wonder if my explanation properly explains why we choose them to investment in, when we have thousands of mutual funds, stocks, and exchange traded funds to choose from. Being…
Over the past year I have been asked numerous times why we would not only continue to hold Emerging Markets stocks, but add to those positions when we rebalance portfolios. Index returns show that Emerging Markets have posted negative returns for four out of the past five years, while the S&P 500 has experienced positive…
Did you know that the IRS has given us a 3 day bonus this year? Watch below to find out more from Jennifer! 3 Day Bonus from the IRS 2016 Tax SeasonWatch this video on YouTube
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…
I know we are hearing all sorts of scary information out there. The gamut ranges from “This is a normal market cycle correction” to “the markets are going to implode – go to all cash – NOW.” The truth is, we will only know which one it is after it is over. The pundits can…
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…
On occasion, you will find a black Labrador Retriever named Dante in residence at our office. Dante is a general service dog who was trained by Service Dogs of Virginia (https://www.servicedogsva.org/) and was placed with one of John Hopkins’ sons to assist with a physical disability. Part of the adoption agreement with Service Dogs…
