In our experience, a credit score can be the first step an individual may take down the path of financial planning. A strong credit score can be an early financial goal when applying for a loan, whether it is applying for a credit card, student loans, or possibly a...

In February, after the administration announced Tariffs on China, Mexico, and Canada, many US business owners decided to front-end load import purchases to potentially avoid Tariffs. This helped cause GDP to be negative in the first quarter at -0.3% since Imports are...

As parents, we can understand the importance of supporting our children’s goals and encouraging them to explore their interests and pursue their dreams. However, as financial advisors, we also understand that sometimes there needs to be a limit to what is allowed. We...

With the recent volatility in the stock market, we wanted to address what it means for the market to be "in a correction." A Correction in the Stock Market is when a drop or reversal of 10% occurs from the recent peak. This is a relevant topic because the S&P 500,...

In a recent blog post, we discussed how the Federal Reserve is using monetary policy tools to address inflation in the United States. One key approach has been raising interest rates to slow economic activity, which can help reduce demand for goods and services. In...

The markets have been experiencing an increased amount of volatility as we enter the second quarter of 2025. The current catalyst is President Trump’s latest tariff announcement and the possibility for reciprocal tariffs from our trade partners. If you're curious...

In this blog series, we have been discussing various topics to consider when evaluating or drafting your retirement plan. One of our favorite analogies to use with clients is to compare Surviving Retirement with Climbing Mount Everest. Not only does this align with...

We have seen that our clients are often surprised that they have a few different options to consider as it relates to their employer sponsored retirement plans when they change jobs. This blog post will detail the different options that are available and what our...

Both February and March were negative which led to a 10% loss for the S&P 500. We would be happy to discuss your personal performance versus the indexes at any time to compare/contrast it, so feel free to give us a call to schedule a review meeting. While being...

We have been receiving the same set of recurring questions from clients, so we thought we would address them in this blog update. Here it is. What Are Tariffs? What are tariffs? And how do they affect my investments? This has been a popular topic because President...

In this blog series, we have been discussing various topics to consider when evaluating or drafting your retirement plan. While planning for retirement is important, we also believe you should plan for what happens after your retirement. By this, we mean that you...

Tax Season is Here! Please remember that if you are working, you can contribute into an IRA for 2024 until the tax deadline on April 15th, 2025. Please let us know if you’d like to make a contribution as soon as possible as it does require some lead time.    ...

Tax Season is Here! Please remember that if you have a non-retirement account, the documents typically arrive in the 3rd or 4th week of February, so scheduling your tax prep on March 1st or later is the most safe path.     Market Indicators for 2025 January has...

As we begin 2025, we wanted to address some of the upcoming changes to tax laws that may impact our financial planning clients. While there are certainly more changes than we will discuss here, we specifically wanted to focus on changes that will be more front and...

Watch this Month’s Market Commentary on YouTube: Market Commentary January 2025 – Summit Financial Consulting LLC Reflecting on 2024 and Looking Ahead to 2025 2024 was a great year, and we want to thank you for being a client! We sincerely hope you had a happy holiday...