Welcome to Summit Financial Consulting

Welcome to Summit Financial Consulting

Hello, and welcome to Summit Financial Consulting’s refreshed and relaunched blog. There will be plenty of market insight and useful information to be found here in the coming days and weeks, but with this post, we would like to re-introduce ourselves. Summit...

Mutual Funds vs. Exchange-Traded Funds

Mutual Funds vs. Exchange-Traded Funds

Mutual Funds vs. Exchange-Traded FundsNow that we have finished discussing diversification, we will dive into the most popular, and arguably the easiest ways, to diversify. That is right. This month we are comparing and contrasting Mutual Funds and Exchange-Traded...

Diversification: Miscellaneous

Diversification: Miscellaneous

Diversification: MiscellaneousAs the saying goes, do not place all your eggs in one basket. This is perhaps one of the most important lessons when discussing investment management and retirement planning. Before we dive into the various diversification options, if you...

Diversification: Bonds

Diversification: BondsAs the saying goes, do not place all your eggs in one basket. This is perhaps one of the most important lessons when discussing investment management and retirement planning. Before we dive into the various diversification options, if you need a...

Diversification: Stocks

Diversification: Stocks

Stock DiversificationAs the saying goes, do not place all your eggs in one basket. This is perhaps one of the most important lessons when discussing investment management and retirement planning. (This post will solely cover diversifying stock positions and we will be...

Sequence of Returns Risk (click to view full blog)

Sequence of Returns Risk (click to view full blog)

Here at Summit Financial, we believe the largest risk to a retirement income plan is the Sequence of Returns Risk. In this month’s blog, we will be discussing specifically what this risk is, the affects it can have on retirement, and how we can manage this risk...

April 2020 – Market Commentary & Business Owner Update

April 2020 – Market Commentary & Business Owner Update

ReminderYou have until July 7th to contact us if you’d like to contribute into an IRA so you can write it off on your tax return.  In addition, we can help you with tax prep!  Please call (586) 459-5340 to find out how much we can save you on your tax preparation...

Traditional VS. Roth IRA

Traditional VS. Roth IRA

Traditional VS. Roth IRA Our last two blogs discussed the important of saving for retirement though our discussion of Time Value of Money and we also touched on how to budget appropriately for these savings within our Budgeting 101 post.  Now, we will be...

Budgeting 101

Budgeting 101

Budgeting 101 The first step towards a successful financial future is creating a budget. Without a budget, there is no foundation for a financial plan. This article is going to discuss our 5-step budgeting process as well as highlighting some of the common issues we...

Time Value of Money

Time Value of Money

Time Value Of Money Everyone recognizes the phrase, “a penny saved is a penny earned.” And while this quote is typically considered as a way to view savings vs. spending, this phrase actually explains this article’s topic as well. In terms of investing, a penny...