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Blog

27 Jul
Exciting Developments at Our Firm in Summer 2021

By Colleen Weber, CFP®, CPA

I am so pleased to share with you two new developments at Colleen Weber CPA, CFP this summer. To my great delight, our company has been recognized as a top firm by Accounting Today magazine, which is a testament to the hard work we’ve done together over the past year. 

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24 Jun
What Are The Benefits Of Using A Fee-Only Financial Advisor?

By Colleen Weber, CFP®, CPA

If you’re currently looking for a new financial advisor, Google has likely already informed you that there are different subsections of advisors based on how they are compensated. There are fee-only financial advisors, fee-based financial advisors, and commission-based financial advisors. So what exactly is the difference? 

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12 Mar
Common Retirement Mistakes And How To Avoid Them

By Colleen Weber, CFP®, CPA

It’s impossible to go through life without making mistakes—they’re just a part of being human. In fact, we often learn from mistakes of the past to make better decisions in the future. However, when it comes to retirement, there are no do-overs. In this major financial transition, you go from earning an income and growing your wealth to depending on it and trying not to outlive it. Even if you’ve been planning and saving on your own for decades, retirement is not a time to go on autopilot. To make sure things go as planned, you must make a few key decisions and take a few key actions. Let’s discuss 5 common mistakes retirees make and what you can do to avoid them. 

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25 Jan
It’s A New Year! Is It Time To Reevaluate Your Financial Plan?

By Colleen Weber, CFP®, CPA

The new year has begun, and we are all trying to keep our resolutions: eating healthier, exercising more…but that pint of ice cream in the freezer is calling your name. I can’t help you keep all your New Year’s resolutions, but I can help you with your financial plan. You should reevaluate your financial plan on a regular basis, and the start of a new year is as good a time as any. Here are a few items to keep in mind when reviewing your plan. 

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10 Dec
Year-End Tax Strategies

By Colleen Weber, CFP®, CPA

The holidays are fast approaching and the new year is following closely behind. And while most of us want to put 2020 behind us, before you mentally move into 2021, be sure to pay some attention to your taxes. Even though taxes are not at all festive, proactively planning can save you money, and that’s cause for celebration! Here are some year-end tax strategies that you may benefit from.

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09 Nov
Giving Thanks In 2020

By Colleen Weber, CFP®, CPA

While Thanksgiving became an official holiday in 1870, Americans have been taking part in this tradition of gratitude since the Pilgrims arrived on our shores. Since then, our country has experienced wars, depressions, natural disasters, social upheavals, and international crises, and still we come together at this time of year to remember what’s important and be grateful for what we have. This year, in the middle of a global pandemic and a charged election season, we think it’s more important than ever to celebrate Thanksgiving and turn our minds to our many blessings.

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02 Oct
What You Need To Know About HSA Accounts

By Colleen Weber, CFP®, CPA

ln theory we all know that medical bills can be ridiculously high. But did you know that the average medical bill for a heart attack is $20,246? (1) With a number this staggering, it’s no wonder people are more afraid of healthcare costs than sickness itself. (2)

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30 Jun
Our 2020 Mid-Year Economic Update

By Colleen Weber, CFP®, CPA

Did you remember to fasten your seatbelt when we entered 2020? I hope so, because the events of this year just keep getting more unexpected and unsettling. We’ve learned not to make plans, not to get hopes up, and hold on to everything loosely. And it all started with five letters and a number: COVID-19. While the coronavirus pandemic is at its core a health issue, the downstream effects of it on other aspects of our society have been significant, perhaps the greatest being economic. As we reach the mid-year point of 2020, let’s take a look at what is going on in the economy, most of which can trace its roots back to COVID-19.

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03 Jun
Should You Really Be Helping Your Adult Children Financially?

By Colleen Weber, CFP®, CPA

When the 2008/2009 financial crisis hit, many millennials were just entering the workforce or in the early years of their career. With high unemployment and overqualified people applying for jobs, the younger generation was hit hard and many young adults had to move home or make unexpected life changes. Well, it’s happening again, and millennials and the older half of Generation Z are hurting financially since many of them work in industries that have taken the brunt of the coronavirus shutdowns. (1)

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12 May
How To Manage Your Finances In A Crisis

By Colleen Weber, CFP®, CPA

We’re almost halfway through 2020, and to say the year hasn’t gone as expected would be a massive understatement. Forget “uncertain times”—more like scary or downright panic-inducing. In the midst of unprecedented volatility regarding the markets and employment, it’s normal to experience a multitude of emotions, including uncertainty and fear. 

Given the situation, it’s normal to worry. But the key is to worry about the right things.

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