Ultimately, personal finance can be hectic and complicated.
But it does not have to be.
"I have never seen a client go through the Financial Planning process
and not be excited about their financial future."
- Peyton
FAQs
What are ways we need to mitigate taxes?
We start with pretax accounts and work into tax mitigation strategies.
Do we really need a budget if we make good money?
Yes, but more so you need guidelines to operate within. Not a boring spreadsheet.
Am I still able to put money in a Roth?
The short answer is yes. We need to look at your Adjusted Gross Income to determine if a Backdoor Roth is needed.
We want to fund our child college/future. How do we do that?
We have several options, but we need to determine if you anticipate paying for all your child’s education/trade school.
How can we use a 529 for student loans?
The Secure Act 2.0 allows you to use the account to pay off your student loans up to a certain amount.
What Insurances do we need?
We look at term insurance and an independent disability policy to provide and protect your family.
Do we need to have all our money in a 529 for our kids?
Diversifying your pockets of money to allow you to have flexibility when time come is better than all in one spot.
How do you invest in the stock market?
At Parallel we have an active approach to investing. We focus on individual stocks and ETF’s to diversify portfolios.
I have my own medical practice/LLC setup, what are my options for retirement plans?
You need a retirement plan that helps you deduct taxes but also one that fits your situation. There are several to consider and we can walk through them together.
I have my 403b and a 401a, will that be enough for retirement?
That depends on how you spend your money. It’s not what you have but how you spend it that matters.