Financial Focus

Effective money management involves both handling immediate financial needs and the creation of a long term strategy to conserve and build upon savings and investments. Financial planning is the key. Prudent wealth management can incorporate several financial strategies and specialties including investment management, retirement planning, tax efficiency and income planning. All of these topics and more will be covered in our regular Financial Focus posts.

2017 Saving Limits on Retirement Plans

Posted by on Jan 17, 2017 in Financial Focus

With 2017 well on its way, it’s a good idea to review and update your savings goals for the year.  The 401k contribution limit has remained unchanged at $18,000, with a $6,000 catch up contribution available for participants over age 50.   IRA contribution limits are also the same as 2016 but the amount of income allowable before the deduction is phased out has increased.   The income limitations for Roth IRAs also went up a bit.  The IRS updates these numbers every so often to adjust for inflation.  Don’t have a savings goal for the year?  It may be time to review your financial plan....

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Inflation

Posted by on Nov 9, 2016 in Financial Focus, Retirement Planning

Knowing that we’ll need more money to buy the same amount of goods we are buying today can be daunting. This is the reason savers choose to invest, so as to keep the purchasing power of their hard earned dollars ahead of inflation.

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Flexible Spending in Retirement

Posted by on Nov 7, 2016 in Financial Focus, Retirement Planning

By adjusting spending accordingly, you are not required to live an austere lifestyle early on, because you can adjust your spending to meet the needs of the portfolio as time goes on. This flexibility can potentially increase the sustainable percentage distributed from a retiree’s portfolio. We recommend you read the full article here. Keep in mind there is no “one size fits all” approach to investing. We recommend creating a living plan which addresses your specific goals and needs, tailored to your unique circumstances.

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Coffee Group Hits Ground Running

Posted by on Oct 17, 2016 in Financial Focus, News

Our monthly Coffee Group has been a huge success as clients have been able to meet and greet other advisors and First Pacific staff.

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First Pacific Expands to Portland Office

Posted by on Sep 3, 2016 in Financial Focus, News

First Pacific Expands to Portland Office

First Pacific Financial is growing — we are pleased to announce that our team is opening an office in downtown Portland! The Portland office will be located in the Columbia Square Building at: 111 SW Columbia Street.

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Cell Phones: Best Bang for Your Buck

Posted by on Sep 2, 2016 in Financial Focus, News

Cell Phones: Best Bang for Your Buck

Comparing cell phone plans can be difficult. With hidden fees, alternative coverage areas, and differing data, text, and phone options, it can feel almost impossible to choose which plan is right for your family. Like with many financial decisions, it helps to begin with the end in mind.

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