Wealth Management Archives | Barnes Capital Group

Yes, You CAN Get Out of Debt

Written by admin on December 6, 2020. Posted in Financial Planning, Wealth Management.

In America today, carrying some debt is unavoidable, and even desirable, for most households. But between mortgages, car payments, and credit cards, many Americans find themselves over their heads — unable to dig out from under a growing debt burden that consumes an ever growing portion of...

Why Women Need to Save More Than Men

Written by admin on November 29, 2020. Posted in Financial Planning, Wealth Management.

Men and women may not be on equal footing when it comes to investing for the future. On average, women work fewer years and earn less than men, but they also tend to live longer.1 Therefore, women must focus on the concerns that are unique to them when planning for retirement. Women Don’t...

Money Management for a Single Parent

Written by admin on November 4, 2020. Posted in Wealth Management.

As a single parent, you’re probably familiar with the dual challenges of managing a household and planning for the future on your own. But are you as familiar with the financial strategies that can stretch your income and help you get ahead? Consider the following lessons to help improve your...

What's the Best Way to Give Money to Children and Grandchildren?

Written by admin on April 23, 2020. Posted in Wealth Management.

There are several ways you might consider gifting money to your loved ones. In 2017, the IRS allows you to give up to $14,000 annually (or $28,000 if you give jointly with your spouse) in cash, investments, and/or property to each of as many people as you’d like without triggering gift taxes....

Making a Vacation Easier on Your Wallet

Written by admin on April 16, 2020. Posted in Wealth Management.

Imagine coming home refreshed from a wonderful vacation, made even more satisfying because you saved 20%-30% on its cost. That can happen. With a little planning, a trip can become notably cheaper. When you travel can make a difference. Book a trip during the off-season or the “shoulder seasons”...

Financial Wellness: Establishing an Emergency Fund

Written by admin on March 12, 2020. Posted in Wealth Management.

First the car broke down, then the dishwasher stopped working, and now the dog is sick. Sometimes the old proverb, “It never rains but it pours,” seems to ring a little too true. When you need money to pay large, unexpected bills, where do you turn? Many people use credit cards or borrow...

Are You Undercutting Your Efforts to Build Wealth?

Written by admin on February 4, 2019. Posted in Wealth Management.

Good money habits can help you as you save and invest for the future. Bad habits can leave you treading water (or underwater) financially. Here are some to avoid. Not saving enough. Instead of paying themselves first, some families pay others first. Dollars they could save and invest are instead...

Taking Charitable Giving to Another Level

Written by admin on November 15, 2018. Posted in Charitable Giving, Wealth Management.

Did you know that you can gift a new or existing life insurance policy to your favorite charity? When properly designed, a charitable life insurance program may improve your overall financial situation and offer tax benefits, all while supporting a charitable cause. Generally, there are three methods...

How Healthy is Your Life Portfolio?

Written by admin on October 26, 2017. Posted in Financial Planning, Investing, Saving for Retirment, Wealth Management.

For most people, thinking about the economy starts with their personal financial situation. While job prospects, or the health of a business, or prices at the pump all have an impact on how we feel about the economy, the bottom line is really, “How is my family doing?” In order to capture this perspective,...

Passive vs. Active-Let's End the Debate

Written by admin on September 27, 2017. Posted in Financial Planning, Investing, Saving for Retirment, Uncategorized, Wealth Management.

It is one of the most hotly debated topics in the financial industry – and it’s also one of the most misapplied topics too. Are investors better off utilizing passive or active strategies? Or should investors combine the two? But before you answer, I want you to think about this: passive vs. active...