Ryan Hammer, ChFC, CLU

06/13/2023

💰 The Power of Compound Interest! 💰

Investor 1:
Saves 💲5k/year from age 25-34 and stops saving

Investor 2:
Saves 💲5k/year from ages 35-65

Assume an 8% rate of return.

🔍 Who has more money by age 65?

👇 Click below to find out!

"Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn't…pays it." - Albert Einstein Compound interest is a simple, yet powerful concept. It involves earning interest on the interest you have already earned. If utilized properly, it can have a tremendo...

05/26/2023

🔹 Understanding the Tax Implications of an Inheritance 🔹

✨ Inheriting assets can be a significant milestone in your financial journey, but it's important to be aware of the tax implications that come along with it. Here are a few key points to consider:

💼 Step-up in Cost Basis
💰Capital Gains Tax
💲Required Minimum Distributions
📄 Estate Tax

Inheriting investment accounts is not only an emotional experience but also carries important tax considerations. Understanding the tax implications associated with inherited investment accounts is essential for maximizing the potential benefits and minimizing potential pitfalls. In this blog, we'll...

05/19/2023

💰 Received an Inheritance? Here's a Guide 💰

Receiving an inheritance is a unique opportunity that holds the potential to shape your financial future. Whether it's stocks, bonds, mutual funds, or other investment vehicles, these assets can provide a solid foundation for building wealth and achieving your financial goals. This week, we'll explo...

05/15/2023

🔹 Special Needs Financial Planning: Ensuring a Secure Future 🔹

✅ Special needs financial planning is a crucial aspect of securing a bright and fulfilling future for your loved ones with special needs. Here are some key points to consider:

🔸Establish a Trust
🔸Name a Guardian
🔸Build Your Savings
🔸Apply for Guardianship or Power of Attorney
🔸Educate Family Members and Loved Ones

✨Let's schedule a meeting to discuss your specific needs and create a personalized plan together. Together, we can build a brighter tomorrow! ✨

Let's take a minute and acknowledge all the parents out there. As a new dad with an 18-month-old, parenting is one of the most challenging, yet rewarding experiences in life. Now... let's acknowledge those parents even more so that have a child with a disability. What a challenge... but what a calli...

05/11/2023

In the last month, we've visited Colorado and Oregon coast... both for the first time! I still believe Texas is the best state to live in, but we could certainly have better scenery!!

03/27/2023

What can we learn from the Silicon Valley Bank failure? It's time to brush up on the importance of FDIC insurance.

If you are carrying more in your bank than what is covered by FDIC insurance, then you are taking on unnecessary risk of losing money in the event of your bank failing.

03/20/2023

More tax fun posted this week! Here's what I cover...

1. Non-Qualified Accounts
2. Taxation of Capital Gains
3. Taxation of Dividends

What tax strategies are you implementing in your non-qualified accounts?

Last week, I covered the basics of income tax and taxation of retirement accounts. Let's cover non-retirement accounts... non-qualified accounts. There are lots of nuances here and many exceptions, alternatives, and strategies that can be derived from non-qualified accounts. So many that I would pro...

03/15/2023

Say "cheese" Sadie-Bug! Our little girl is 18 months old today.

I've only been a dad for 18 months, but my conviction to provide the best life for this little girl grows every day. We are a blessed family!

03/13/2023

Two things are certain in life... death and taxes. Maybe this will help with the stress of tax burden!

This week, I discuss the basics of income tax and qualified accounts. Enjoy!

It's that time of the year, so let's talk about taxes. I certainly understand that this can be a boring and tedious topic... but in many cases is THE MOST IMPACTFUL piece of your financial plan. So, whether you are managing your finances by yourself, or working with an advisor, it is incredibly impo...

03/06/2023

There are lots of reasons to work with a Financial Advisor. Here are a few!

Deciding to work with a Financial Advisor is a big decision and one that we believe is centered around trust and relationship. I believe earning trust is the first step to any relationship, and in my profession, being transparent about the costs of working with me is an integral part of building tru...

02/27/2023

Kicking off this week with the foundations to any good financial plan...

1. Start with "why"
2. Cash Flow is King
3. Plan for Emergencies
4. Eliminate High Interest Debt
5. Put Saving on Autopilot

Just like everything in life, if we want to succeed with our financial plan, we must have a solid foundation. I believe the foundation of any financial plan, no matter your age, goal, financial situation, etc. starts with your "why". Why am I trying to accomplish this financial goal? It is likely th...

02/22/2023

Another post went live this week... Enjoy a little more about me!

Welcome, thanks for visiting my page! Financial planning should make sense with your unique situation in mind. It is my mission to make that a reality for all of my clients. I work with... Working professionals under 45 Those affected by special needs Pre-retirees and retirees with a background in c...