Family Financial Planning

PWR serves young families of all wealth. We’re committed to helping new parents and young families navigate important financial decisions on their own.

When it comes to financial planning, there’s a lot for parents to contend with – the best ways to handle spending and debt; maintaining a good cash flow; uncovering the best options for investment. With the birth of a new child, as well as raising youngsters, there’s also the need for a bigger house, a bigger car, etc.

The challenges are substantial, whether you’re raising a child together or making your way in the world as a single parent. What’s the right amount of money to save for retirement? And for your child’s college education?

PWR focuses specifically on family financial services. This is our area of expertise and we’re dedicated to simplifying the process for you – in a manner that’s clear and comprehensible every step of the way.

Do you need a Comprehensive Plan? Review our services to see if this is a good fit for you.

 

Your Finances, Your Way

Planning Within Reach is committed to helping you achieve your financial goals. We're here to help, which is why we offer free resources. Download this tip sheet to learn some practical advice on controlling spending.

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A Newlywed’s Guide to Updating Insurance

A lot of things change when you get married, including your insurance options. Making sure your insurance is adequate once you are married is an important step to take. You have the option of buying new, combining, and/or discontinuing policies you will no longer need. Here are the insurance coverages we recommend you review or consider purchasing once married. Life Insurance After you say “I Do”, you might need to increase your life insurance coverage. The bills you would leave your spouse with include,... Read More

Tax Planning for 2018

The TCJA (Tax Cuts and Jobs Act) passed in late 2017 affects your tax planning for 2018. We highlighted the changes that are most likely to pertain to our clients. The information is general in nature, and not a substitute for individual and customized tax advice from your tax preparer. 1) Some retirement plan contributions have increased. If you contribute to a TSP, 401k, or 403b, you may be eligible to increase your savings. The limit is now $18,500 versus... Read More