Financial Advisor News

Piedmont, CA

Financial Advisor News

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Piedmont, CA

by: ALISON VAN DYKE

FIRST AND MAIN FINANCIAL

(510) 601-1935

Oakland, CA | Best Financial Advisors East Bay Plan for 2020

It usually happens at the start of the New Year – people setting goals to get in shape, eat well and do something to improve their lives.  For this year, especially since it’s 2020, you might consider also getting financially organized.  Yes, we realize that reviewing your budget probably falls into the same fun and exciting category of exercise and diet, but with even a few small changes in your financial life, you could make a huge impact on your future.  Here are just a few suggestions you can do to kickoff 2020:

1.  Review any recurring subscriptions. Yes, you may not believe it, but we’ve had clients who have forgotten that they subscribe to certain services they don’t even use anymore.  With more online purchases that we all make nowadays, you too may be paying for something you don’t even enjoy!  So take a moment to review those credit card and bank statements to make sure you are not giving your money away.

2.  Check for any expenses that you might be able to eliminate. While you are checking your credit card and bank statements for those subscriptions, go ahead and review your budget.  Yes, this task definitely falls into the diet and exercise category of things we may not want to do, but is there something you might be able to give up so that you can put just a little more money into your retirement account?

3.  And while we are talking retirement, figure out your plan for funding retirement for 2020. Now’s a great time to also set a goal for retirement funding in 2020.  Did you take advantage of the “free money” your employer gives you when matching your retirement contributions?  Take a moment to make sure that you have a plan in place to fund your retirement as best you can in this new decade.

4.  Check your medical Flexible Spending Account (FSAs). Have you submitted those receipts to be reimbursed for certain qualifying medical expenses using your pre-tax dollars through your annual FSA election?  You made this election over a year ago, so make sure you are using up that money you set aside for 2019.  Depending on plan rules, you may lose it if you don’t use it or you may be able to roll over $500 to the next year.

5.  Finally, call your service providers to see if you can get a better price. If you have some time before watching that holiday movie, take a moment to call the cell phone provider, the cable TV provider, etc. to see if they offer a better price package.  You may even be able to get rid of the cable TV service if you’ve completely moved to online streaming of your favorite shows.  You never know what money you can save.  And with that money you save, you can even splurge for some peppermint hot cocoa to enjoy while watching that holiday movie!

These are just a few suggestions for getting financially organized for the New Year.  If you are looking for some more financial guidance, whether it’s for a one time financial plan or continuing advice on your investments, we invite you to meet with the First & Main Financial advisors for a free consultation.  We work with a variety of clients who are looking for a relationship with a knowledgeable and trustworthy advisor.  We would be more than happy to sit down with you, assess your current financial situation, and review with you our services to help you navigate your own financial future. Happy New Year!

Recent

“Best Financial Advisor in Piedmont, CA”

Top Rated Local Financial Advisor / Planner

East Bay Area: Piedmont, Oakland, Berkeley, Alameda, Orinda, CA

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Recent

“Best Financial Advisor in Piedmont, CA”

Top Rated Local Financial Advisor / Planner

East Bay Area: Piedmont, Oakland, Berkeley, Alameda, Orinda, CA

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BIO: At First & Main Financial, Alison Van Dyke helps clients with their financial lives. She has worked in Corporate Finance for Bank of America and Chase Manhattan Bank. Alison is pursuing the CFP® certification; she received her MBA at Georgetown and her B.A. in Political Science from UCLA.

235 Wildwood Avenue,
Piedmont, CA 94610, USA

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Piedmont, CA 94610, USA

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BIO: At First & Main Financial, Alison Van Dyke helps clients with their financial lives. She has worked in Corporate Finance for Bank of America and Chase Manhattan Bank. Alison is pursuing the CFP® certification; she received her MBA at Georgetown and her B.A. in Political Science from UCLA.