Herd mentality comes from the idea that following the crowd will lead to your desired goals based on the assumption that the knowledge of the many must be greater than that of the few, or the actions of the many must be more accurate than the actions of the few.
Retirement planning often conjures images of spreadsheets, savings accounts, and investment strategies. While these financial elements are crucial, at Wealth Dimensions, we believe in a more comprehensive approach.
At Wealth Dimensions, we understand that a truly rewarding retirement encompasses not only financial security but also mental, emotional, and social preparedness. This holistic approach to retirement planning ensures our clients can live out their values and goals, making the transition as seamless and fulfilling as possible.
Our financial lives can often seem like a puzzle, with various pieces that need careful consideration. A perfect example of this is the world of inherited IRAs. In this blog, we'll break down the complexities of inherited IRAs and shed light on what you need to know.
Embarking on retirement is a profound milestone that requires meticulous preparation, encompassing both financial stability and emotional resilience. In this blog post, we delve into valuable insights that emphasize not only preparing for retirement but also navigating through and beyond it.
As parents, one of the most challenging and rewarding aspects of our journey is helping our children make life-altering decisions, such as choosing the right college. It's not just about finding the best academic fit, but also ensuring our children are emotionally prepared for this significant transition. In this blog, we will explore effective ways to emotionally prepare your child for college.
Your child has been accepted to the college of their choice! Now comes the important task of figuring out how to finance their higher education journey. We understand that this can be a daunting process, but don't worry; we're here to guide you through it. In this blog, we will discuss various ways you can fund your child's college expenses.
In the heart of Boston, Sean and Lara found themselves on different financial pages in their early twenties. Their encounter with Wealth Dimensions would reshape their financial outlook and lay the foundation for a shared future.
As their lives converged, a resolute commitment was made to maximize opportunities like 401ks, setting the stage for a shared, financially secure future.
We'll walk you through essential documents that every 18-year-old should consider having so you can feel confident knowing your new adult has everything they need!
The end of 2023 is approaching rapidly, and it's time to take a closer look at your financial plans. In this blog, we'll discuss key items that should be on your checklist as you prepare for the year's end.
Life often presents us with unexpected twists and turns, pushing us to navigate uncharted waters. For one individual who found herself at the crossroads of change after a 20-plus year marriage, the challenge was not only emotional but also financial.
As a business owner, you are going to be surprised by a number of challenges that pop up out of nowhere, but one potential surprise can be avoided with proper individual financial planning.
When Eric and Anna went through their planning process and looked at their spending tab, they were surprised to see some of the leakage in their budget. Something Eric noticed early on in their marriage is how each of them had different feelings on spending. No one is right or wrong, they just value things differently.
If you're going through a divorce, you're already experiencing emotional stress. The last thing you need is additional financial stress.
So here are six things that we encourage all our clients to think about.
As we enter the holiday season, reflect on the year, and set goals for 2023 we thought it would be fun for our team to share the Wealth Dimensions 12 financial tips of Christmas.
It's been a wild year, and with that you may have some opportunities to take advantage of. With year-end approaching, we wanted to go over a few strategies that you can implement into your financial plans.
Our leadership team at Wealth Dimensions cares deeply for all our clients, which has led them to hire somebody like Isla. So, what does Client Ambassador mean?
Today, we would like to discuss one of the more complex employee benefits we have helped clients vet and determine if it fits within their financial plan – the split dollar plan.
Life is full of changes, events, and milestones. From getting married, having kids, buying a home, saving for your kid’s college and your retirement to transitioning into retirement - to name a few.
Sean Paddock is here to tell you, in his words, what it’s been like to go from working at national corporate firms to a local firm like Wealth Dimensions.
A whitelist is a list of approved or safe email addresses to help a spam filter determine whether it should allow delivery.But if timing the market doesn’t work, what does Wealth Dimensions do to prepare against a volatile market?
On Friday, March 28th President Trump signed the historic $2 trillion emergency aid bill known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
How doctors and dentists can ensure they have the right long-term disability insurance policy in place so that they get the coverage they expect when needed.
Wealth Dimensions, Cincinnati financial planning firm, shares five financial habits highly successful doctors. The firm works extensively with doctors.
Many people think all financial planners are “certified’. However, this isn’t the case. While anyone may use the term “financial planner,” only those who have met certification and renewal requirements of the CFP® Board can display the CFP® certification marks.
Saving for retirement is not a priority for many Americans. The path to retirement is a journey, resulting from an accumulation of choices over many years.
What’s the link between money and happiness? If you watch commercials or read advertisements, you may believe that happiness depends on having that next best thing to change your disposition or status.
Behavioral science helps us understand what obstacles interfere with our ability to make sound decisions that align with our best interests and long-term goals.
If it’s time to replace your car, you’ll need to decide whether to buy or lease your next vehicle. The best option depends on several factors—your budget, driving needs, lifestyle and credit history.
As part of the planning process, it is important to have conversations with clients about charitable giving - what motivates their giving, how it fits with their long-term goals and how they would like to include their family.
Just like a physical helps you assess the state of your health by identifying potential risks, measuring your progress and pinpointing next steps, budgeting can offer the same insight into your financial health.
Wealth Dimensions Group, based in Sycamore Township, offers a solution by leveraging the latest Personal Financial Manager (PFM) technology and combining it with their customized financial planning services to change the way their clients plan for the future.
Do you sometimes lie awake at night stressed about bills that need to be paid? Downing in debt? Reduce the financial stress in your life with these simple steps.
To help you start thinking about your charitable plan, consider these questions: Which charities do you want to benefit? What kind of property do you want to donate (e.g., cash, stocks, real estate, life insurance)?
A good starting point is having an integrated financial plan that takes into account the full picture--well-defined family goals with assets, resources and everything else that impacts the outcome you are trying achieve. Beyond this, we have identified a few strategies to consider that can help protect you and your family for the future.
In the face of longer life expectancy and the increasing cost of healthcare, the need to live a sustainable lifestyle to best position yourself for retirement has never been greater.
Retirement planning often conjures images of spreadsheets, savings accounts, and investment strategies. While these financial elements are crucial, at Wealth Dimensions, we believe in a more comprehensive approach.
At Wealth Dimensions, we understand that a truly rewarding retirement encompasses not only financial security but also mental, emotional, and social preparedness. This holistic approach to retirement planning ensures our clients can live out their values and goals, making the transition as seamless and fulfilling as possible.
Our financial lives can often seem like a puzzle, with various pieces that need careful consideration. A perfect example of this is the world of inherited IRAs. In this blog, we'll break down the complexities of inherited IRAs and shed light on what you need to know.
Embarking on retirement is a profound milestone that requires meticulous preparation, encompassing both financial stability and emotional resilience. In this blog post, we delve into valuable insights that emphasize not only preparing for retirement but also navigating through and beyond it.
As parents, one of the most challenging and rewarding aspects of our journey is helping our children make life-altering decisions, such as choosing the right college. It's not just about finding the best academic fit, but also ensuring our children are emotionally prepared for this significant transition. In this blog, we will explore effective ways to emotionally prepare your child for college.
Life is full of changes, events, and milestones. From getting married, having kids, buying a home, saving for your kid’s college and your retirement to transitioning into retirement - to name a few.
Retirement planning often conjures images of spreadsheets, savings accounts, and investment strategies. While these financial elements are crucial, at Wealth Dimensions, we believe in a more comprehensive approach.
At Wealth Dimensions, we understand that a truly rewarding retirement encompasses not only financial security but also mental, emotional, and social preparedness. This holistic approach to retirement planning ensures our clients can live out their values and goals, making the transition as seamless and fulfilling as possible.
Your child has been accepted to the college of their choice! Now comes the important task of figuring out how to finance their higher education journey. We understand that this can be a daunting process, but don't worry; we're here to guide you through it. In this blog, we will discuss various ways you can fund your child's college expenses.
In the heart of Boston, Sean and Lara found themselves on different financial pages in their early twenties. Their encounter with Wealth Dimensions would reshape their financial outlook and lay the foundation for a shared future.
Today we’re discussing a strategy that we've deployed during times of market volatility – tax loss harvesting. We often advise clients not to make drastic moves like getting in and out of the market when the stock market is down. However, that doesn't mean we sit on our hands and do nothing.
Financial planning can help you have peace of mind in your financial situation during times of market volatility. Watch this video to evaluate your financial plan.
Today, we would like to discuss one of the more complex employee benefits we have helped clients vet and determine if it fits within their financial plan – the split dollar plan.
Life Insurance policies are not a vehicle where you set it and forget it. They need to be reviewed every few years to ensure they are performing as expected, but also to confirm that they fit into your overall financial plan
