Financial Planning

Financial planning blogs from Thinking Big Financial, a NYC-based financial planning and investment management firm. Learn more about our services: Financial Planning Services

Personal Cash Flow Management System

Create a Personal Cash Flow Management System that Works for You!

It’s the end of the month: Do you know where your money is?  If your answer is no, then you probably need to create a personal cash flow management system. Meaning, a system that effectively manages what you do with your money each month. …
estate planning for lgbt couples
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Estate Planning for LGBT Couples

Let’s face it—planning for an eventual illness or death is an unpleasant topic that most couples avoid. But estate planning for LGBT couples is imperative because of one single reason: if you’re not married, you have no rights. Without…
The Purposes of a Personal Budget

The Real Purpose of A Personal Budget

Let’s be real: creating a personal budget is a total grind. Going through bank statements, tallying numbers, and owning up to how much you actually spend at Starbucks is not what most people consider a fun activity. And many times during the…
tax deductible donations

The Joy (and Benefits) of Tax Deductible Donations

The end of the year is coming up, and that usually means giving money to a meaningful cause, donating old clothing, or volunteering for our favorite charity. Along with the joy giving back brings us, there’s also a powerful financial motivator:…
financial goals

Checking-in With Your Financial Goals: A Key to Financial Success

I’m a huge believer that the little things we do each day can add up to huge changes over time. No place is this more true than in your financial life. I’ve seen the power of setting financial goals to attain the type of life you envision.…
long term investment plan
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Creating A Long Term Investment Plan: Tune Out The Noise!

Before we talk about your long term investment plan, let me tell you a quick story. In my past career, I picked stocks in front of Bloomberg screens with flashing green and red prices. I saw the devastating depths of the 2008 Financial Meltdown,…
Should I Max Out my 401k?
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Should I Max Out my 401k? [Video]

Should I Max Out my 401k? (Transcript) Should I max out my 401k? The short answer is always typically yes, but the longer answer may be, maybe not depending on individual situation. For employees that have access to retirement contribution…
talking about money with your partner
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Talking About Money With Your Partner: 5 Questions To Ask

Picture this typical scenario: Sara and Joan have just gotten married and want to buy a house within the next year or two. They’ve had some initial discussions about their mutual finances, but lose steam when the conversation becomes complicated.…
Is it important to have an emergency fund?
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Is it Important to Have an Emergency Fund? [Video]

Is it important to have an emergency fund? (Transcript) There’s a lot written out there about how much you should have saved in a rainy day fund. But I want to take a step back and answer the question “Is it even important to have an…
what does a financial advisor do?

What Does a Financial Advisor Do?

Like it or not, mоnеу іѕ one of the most іmроrtаnt thіngs in your lіfе. You might not want to admit it, but its true. And despite its importance, it’s one area of our lives where no formal education is given in school. We may learn…