Managing personal finances can be a complex and daunting task, and many people often seek the help of a financial advisor to ensure they make the right decisions. However, questions often arise such as do you need to be rich to get a financial advisor or is it worth paying for a financial advisor. Additionally, what’s the difference between fee-based and fee-only advisors, and should that be a factor in your decision. It’s also important to consider when is the right time to get a financial advisor, or how much money you should have before hiring a financial advisor. How much a financial advis ..read more

By Mark Maurer, CFP® At FlightPath Financial Planning, one of our focuses is working with clients who are involved in aviation, such as pilots. There are certain considerations for pilots when considering life and disability insurance and since FlightPath is a fee only financial planning firm, we work with outside advisors who can provide you the best possible insurance solution without any conflict of interest. Here is some information from Mark Maurer of LLiS, who focuses on general insurance and has helped and continues to help many of our clients. Life Insurance Several years ago, life ins ..read more

Obtaining life experiences is really what life should be about. Experiences like hiking the Napali Coast in Hawaii. Or tasting international foods in their native lands like: Pad Thai on the streets of Bangkok, a Neapolitan pizza in Rome, or seafood paella in Spain. It’s experiences like these, and not just “things”, that have proven to make us happiest. We remember experiences far longer and they will have a much greater impact on our emotional well being. Because experiences play such an important part in our happiness and well being, we should take extra care to build the cost of these expe ..read more

By Amanda D. Singer, Esq., CDFA®, MDR You may or may not have heard of a premarital agreement (also referred to commonly as a prenuptial agreement or prenup and I will use them interchangeably throughout this post) but if you haven’t and you’re getting married or thinking about getting married then it’s important for you to understand what they are and how they can benefit both you and your fiancé. As a San Diego prenup lawyer and mediator I have experience negotiating and drafting premarital agreements. What are the requirements for a valid prenup in California? There are a few different requ ..read more

In wake of the pandemic, the home buying landscape has changed dramatically, and regardless of where you reside, it has become much less affordable in recent months. But that doesn’t mean it is completely out of reach, just that you should be aware of the risks and discuss with a financial planner whether this is the right time for you to buy a home. Buying a home is a huge decision that requires a lot of thought and consideration. It’s not something that should be taken lightly, as it can have a significant impact on your financial future. There are many factors that you should consider when ..read more

National Institute on Retirement Security (NIRS) research finds “retirement savings are dangerously low, and the U.S. retirement savings deficit is between $6.8 and 14.0 trillion.” While the US population overall is not saving enough and many will struggle financially in retirement, there is a small group of super savers, like you, who might be saving too much, and as a result also puts you at risk but in an entirely different way. Am I saving too much for retirement? is a question that comes up from time to time with clients and I will address here. Let’s face some hard undeniable facts, we o ..read more