At River City Financial we focus on what is in the client’s best interest which is at the center of every decision that is made. Our team provides comprehensive wealth management services, including the following: Retirement Planning Holistic Financial Planning Investment Portfolio Management Estate Planning & Risk Management Strategies Business Planning Tax-Efficient Strategies To learn more about River City Financial and how we are creating a better client experience please visit www.rivercityfinancial.com. Experienced Financial Advisors: River City Financial is also here to be a resource to experienced financial advisors who puts their client's interest ahead of their own & have a passion for financial planning. We have experience with wealth management practice mergers and acquisitions with a defined process and roadmap for helping advisors customize their ideal exit strategy. We are actively onboarding advisors and acquiring practices and it all starts by learning about what is most important to you, your clients, and your business. To learn more about advisor opportunities and our succession planning and acquisition process please visit the experienced advisor pages at www.rivercityfinancial.com. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. River City Financial and Cambridge are not affiliated. Content provided via links to third party sites should not be considered an endorsement of third-party content. We make no representation as to the completeness or accuracy of information provided at these websites.
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4050 Innslake Dr
110
Glen Allen, Virginia 23060, US
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Just launched our Market Dashboard... Follow Breaking Industry News Daily & Major Indices! Every Monday we will be posting a new "Market Commentary" article. We have also added a Customizable Interactive Stock Chart + Financial Calculators as a free resource!
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The Fed is maintaining its restrictive stance on monetary policy, Fed Chair Powell said. Watch more: cnb.cx/3VkKosK
Should You Max Out Your 401(k)? This is a question I hear often. Let’s discuss. Maxing out your 401(k) can be a powerful strategy for building retirement savings. Here are some reasons why it might make sense: - Tax Advantages: Contributions to a traditional 401(k) are made with pre-tax dollars, reducing your taxable income and potentially lowering your tax bill. - Employer Match: Many employers offer matching contributions to 401(k) plans, effectively providing free money that can significantly boost your retirement savings. - Compound Growth: By contributing the maximum allowed amount to your 401(k) each year, you benefit from compounded growth over time. However, there are also considerations to weigh: - Cash Flow: Maxing out your 401(k) requires a significant financial commitment. Ensure you can comfortably cover your living expenses before allocating funds to retirement savings. - Access to Funds: Contributions to a 401(k) are generally locked up until retirement age without penalty. If you anticipate needing access to funds before then, consider alternative savings vehicles. - Investment Options: Evaluate the investment options available in your 401(k) plan. If the investment choices are limited or have high fees, maxing out your 401(k) may not be the most optimal strategy. Ultimately, the decision to max out your 401(k) depends on your individual financial situation, goals, and risk tolerance. I'm here to help you determine the best course of action. Let's discuss your options and make an informed decision together!
As the sun shines and the temperatures rise, it's tempting to prioritize summer fun over reaching your financial goals. However, striking a balance between enjoying the season and staying on track with your financial objectives is key to long-term success. Consider setting aside a portion of your budget specifically for summer activities, allowing you to indulge in experiences without derailing your savings plan. Look for cost-effective ways to enjoy the season, such as picnics in the park, outdoor concerts, or DIY projects, to keep expenses in check while still making memories. Remember, achieving financial goals doesn't mean sacrificing all summer fun; it's about making mindful choices that align with your priorities and values.
When it comes to addressing spending habits with your significant other, open and honest communication is essential. Choose a time and place where you both feel relaxed and comfortable to have a calm discussion. Begin the conversation with "I" statements to express your feelings and observations without placing blame. For example, you might say, "I've noticed that we've been spending more than we budgeted for lately, and it's making me feel anxious about our financial future." This approach helps to keep the conversation focused on your concerns rather than placing judgment on your partner. Remember, discussing spending habits is about finding solutions together rather than assigning blame. Listen actively to your partner's perspective and be open to compromise. By approaching the conversation with empathy and understanding, you can strengthen your relationship and build a more secure financial future together.