Guiding Wealth | Financial Planning & Wealth Management

"We had it harder than kids these days." You might here this a lot, but the data tells a different story. Gen Z is facing a number of financial struggles that are different from generations before. From skyrocketing tuition fees to escalating housing costs and rising gas prices, today’s younger generations have seen their purchasing power drop by 86% compared to the Baby Boomers. ?? Tuition costs have surged by 310% (public) and 245% (private) since the 1970s ?? Gen Z is paying nearly 60% more for gas than Baby Boomers did at their age ?? Median home prices have nearly doubled for younger generations Whether you're Gen Z, a Millennial, Gen X, or a Baby Boomer, planning for life’s big financial goals can help you navigate these rising costs with confidence. At Guiding Wealth, we help you make informed financial decisions, optimize your savings, and strategize for long-term financial success. Whether it's budgeting for college, saving for a home, or investing in your future, the right financial plan can help make your financial goals possible — despite rising costs. To learn more, comment WEALTH and we will get you scheduled to speak with one of expert advisors.

Work-life balance or financial security? What if you could have both? If you’re considering a career pivot but worried about balancing your lifestyle with your financial future, financial planning can help you make the transition without sacrificing your long-term goals. At Guiding Wealth, we specialize in helping clients like you create a strategy that supports your goals while also providing you with a solid financial foundation. With the right plan, you don’t have to choose between career fulfillment and financial peace of mind. Ready to make a change with confidence? Let’s discuss how we can help you plan for a smooth transition that aligns with your goals. guidingwealth.com/contact

Considering a career pivot in 2025? Here's what to think about first. Many professionals are choosing more flexibility and work/life balance — but it’s important to consider the financial impact before making the leap. In our latest blog, we break down the key steps to take before pivoting your career, from reviewing your financials and debt to understanding healthcare options and investment strategies. Plus, we’ve got a free Career Change Calculator to help you assess whether now’s the right time for a shift. The right plan can help you balance career change with financial stability. Start planning today. Read the full blog here: https://lnkd.in/gFuKWHc6

Have you checked your financial foundations lately? What are the "foundations" we're talking about? Look at your beneficiaries, your estate plan, and your financial progress for the year! These foundation pieces can help you stay on track and feel prepared for the future. Whether it’s updating documents or setting new financial goals, staying proactive is the key to peace of mind. What’s one financial task you’ll tackle this month? Drop a comment and let us know — we’re here to help you stay on course!

Spring cleaning isn’t just for your closet. It’s a great time to refresh your finances, too! Take a moment to evaluate: ?Are there old subscriptions you’re still paying for? ?Do you have investments or accounts that no longer align with your goals? ?Is there a financial habit that’s no longer serving you? Tidying up your financial life can bring clarity, reduce unnecessary stress, and get you back on track toward your goals. It’s a simple step that can make a big difference. If you need help figuring out where to start, we’re here to guide you. Comment WEALTH to be connected with one of our expert financial planners.

If you're a parent with younger kids, you know it can feel like there’s always something competing with retirement savings — college funds, activities, emergencies... even that dream vacation! Share with us in the poll below what you are saving for! And if its none of these, share your biggest savings priority in the comments!

Inquiring minds want to know: What’s on YOUR retirement bucket list? Traveling the world, picking up a new hobby, spending more time with family? Share your dreams and goals with us below!

Will you have an empty nest soon? Not sure what that means for your finances? Let's break it down. As the kids head off to college or start their own adventures, you may be feeling a mix of emotions — pride, excitement, and perhaps even a little anxiety about what this next chapter means for you. Financially speaking, this time of transition comes with an opportunity to reassess your financial goals. Here are some steps you can take over the next few days to acquaint yourself with your new situation: 1. Re-evaluate your budget With fewer mouths to feed and fewer activities to fund, your monthly expenses may decrease. Now is the perfect time to reassess your budget. Consider redirecting those funds toward your retirement savings, paying down debt, or putting aside money for travel or hobbies. (Or building an emergency fund for your child if you plan to support them financially through life's ups and downs!) 2. Maximize your retirement contributions As your child(ren) begin to move out, it’s crucial to focus on securing your own future. Without the financial strain of raising kids, you may have more flexibility to increase your contributions to retirement accounts like your 401(k), IRA, or Roth IRA. If you haven’t already, take full advantage of employer matching and explore catch-up contributions if you're over 50. The earlier you invest in your future, the more growth potential you’ll have. 3. Consider downsizing or repurposing your home Now that the kids are gone, your home may feel bigger than you need. Consider whether downsizing could free up cash, reduce maintenance costs, or lower property taxes. Or, if moving isn't in the cards, think about how you might repurpose rooms that were once dedicated to your children. A home office, guest suite, or hobby room could be the perfect new use for that extra space. 4. Review your insurance and estate planning With the changes in your family structure, it’s a good time to review your life insurance coverage, wills, and trusts. If your children are now financially independent, you may want to adjust beneficiary designations or ensure that your estate plan reflects your current priorities. It’s an opportunity to protect the future you’ve worked so hard to create, so don’t skip this important step. 5. Make room for new goals The empty nest can be a time of personal reinvention. Whether you’re considering travel, a career change, or pursuing a new hobby, now is the perfect time to set new goals. A financial plan that supports these dreams will help you feel empowered as you move into this exciting phase of life. An empty nest doesn’t have to be a sad one! By making intentional decisions about your finances, your home, and your future, you can embrace this new chapter with confidence. If you’re unsure where to start, let’s chat. We’d love to help you navigate this transition and make sure your finances are set up to support your goals. Comment EMPTY NEST and we will reach out to you!

Money is one of the top reasons that couples split up, according to Psychology Today. It can be a challenge to get on the same page with your partner about money, especially if you have different priorities or financial goals. That's where financial planning comes in. Financial planning isn't just investment management! It is a tool that enables you to discuss your money in a safe space, and to have guidance from an expert who can help you and your partner bridge the gap. At Guiding Wealth, we offer one time financial plans to help you get on the same page as your partner. A set, one-time fee gets you a thorough financial plan that’s completely customized to your circumstances, priorities, and future goals. It’s everything you need to set your personal finances on a firm foundation — together — so you can move forward with confidence. It is the perfect way to help you and your partner fully understand your finances and finally get on the same page. To learn more comment ONE TIME and we will send you more info.

Are you on the same page with your partner about finances? Money and relationships can seem at odds sometimes. Especially when partners have different approaches and attachments to money, everyday discussions can become heated and difficult. If you’ve got some “money troubles” with your partner, know that you’re not alone. Here are a few tips to get on the same page: ??Remind yourselves that you're on the same team ??Schedule in money talks ??Work with the other person's communication style ??Stay connected to each other and your money Once couples start working together to establish security and connect with each other, that fear and defensiveness can begin to dissolve. But it does take work! If you’re looking for a great exercise to help you and your spouse understand your communication styles and how to talk to each other about money, Guiding Wealth has got you covered. Comment LOVE to get our blog post on how to overcome financial stress in your marriage!