Fervida Financial Strategies, LLC

07/09/2026

Trump Accounts opened on July 4. A few questions are worth considering:

➡️ Our baby is 18 months old. Do we qualify for the $1,000?

Yes. Every U.S. citizen baby born since January 1, 2025, qualifies for a one-time $1,000 federal contribution.

➡️ Is there an income maximum?

No. Eligibility is based on the child's citizenship and birth date, not family income.

➡️ Our child is 7. Did we miss it?

Not entirely. Any U.S. citizen under 18 can have an account opened. The federal $1,000 payment applies only to children born in 2025 through 2028, but everything else still applies.

➡️ Can grandparents contribute?

Yes. Up to $5,000 per year combined across parents, grandparents, family, and the child themselves.

➡️ What is the catch?

State tax conformity varies; California, for example, does not currently conform.

Whether to contribute, how much, and how to coordinate it with what you already have are all worth talking through. Our team is here for that.

07/04/2026

Today, we celebrate 250 years of freedom, opportunity, and the enduring spirit that makes our nation great.

As we gather with family and friends this Independence Day, we reflect on the blessings of liberty and the generations of Americans who have worked to preserve it.

From all of us at Fervida Financial Strategies, we wish you and your family a safe, joyful, and meaningful Fourth of July as we commemorate 250 years of American independence.

God Bless America!

07/02/2026

There are so many reasons to create a will this month, but here are three big ones to consider:

Direct Your Property: Creating a will tells the courts how you want your property distributed. Without a will, state laws will determine how your estate is divided, which may not align with your intentions.

Provide instructions to the probate court: A will can help manage the probate process, providing instructions to the court.

Designate Guardianship for Minor Children: If you have minor children, a will allows you to appoint a guardian to care for them. This crucial step directs that your children are raised by someone you trust, rather than leaving the decision to the courts.

Also, now is a great time to review your life insurance and investment account beneficiaries to ensure they are up to date. In most cases, beneficiary designations supersede the instructions in a will and allow assets to transfer directly to your loved ones, often avoiding probate and expediting the process. Contact your insurance or investment advisor to review and update your beneficiaries as needed.

06/22/2026

Last week, Ken and Taylor made the trip to Chicago to attend the Morningstar Investment Conference, gathering industry-leading insights and ideas to better serve our clients. And, of course, no visit to Chicago would be complete without catching a Cubs game at Wrigley Field.

06/11/2026

Estate planning isn’t just about protecting assets — it’s about protecting the people and values you care about most.

Without a clear plan, even a well-intended inheritance can create confusion, conflict, or financial hardship for the next generation. Thoughtful estate planning helps turn a legacy into a blessing instead of a burden.

A conversation today can help prevent disastrous consequences tomorrow.

06/04/2026

That green and orange section? That's money you never saved, your money made it for you.

This is compound interest in action. Start with $1,000/year at a hypothetical 5 percent return, and by year 30, you've built nearly $70,000. But the real story is the orange: Interest earning interest.

Year 1: almost no interest at all.
Year 30: the total interest has accumulated to be more than your contributions.

You don't need to invest more. You need to stay focused on your strategy. What's one financial habit you wish you'd started earlier? Drop it below. 👇

05/28/2026

If you or someone in your family is still in school—or heading back in the fall—now is the time to make sure your FAFSA form is in.

A few things worth knowing:
⏰ The federal deadline is June 30. State and school deadlines are often earlier.
⏰ Many types of aid are first-come, first-served. Waiting could cost money.
⏰ You can make corrections after submission, but the form needs to be in first.

Don't let a deadline get in the way of money that's already available to you.

05/21/2026

Recent global developments are beginning to show up in key areas of the U.S. economy, with energy costs leading the impact.

Fuel prices have risen, with the national average reaching around $4.10 per gallon, increasing costs for households and businesses. Broader inflation data has also reflected some upward pressure, particularly in energy-related categories.

Despite these shifts, overall economic growth is still expected to continue, though at a slower pace. Some forecasts suggest growth may ease slightly while remaining positive.

Consumer activity has shown mixed signals. Spending has remained relatively steady, even as sentiment surveys reflect lower confidence.

Looking ahead, factors like energy prices, inflation trends, and central bank decisions may continue to influence the economic outlook.


Source:

The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much.

05/14/2026

Think you need to put more money in the stock market to make a difference? Consider investing the same smaller amount of money in regular intervals that, over time, can lead to significant wealth. It's called Dollar-Cost Averaging.

Learn how dollar-cost averaging (DCA) works, why it helps reduce market timing risk, and see a clear example of how steady investing can build wealth over time.

05/07/2026

👀📊Check out the potential benefits of starting early and saving consistently. With a 529 plan, even modest monthly contributions can grow significantly over time.

Here are a few points to consider:
📚 529 plans are an effective college savings vehicle with potential tax advantages.
📚Any family member can contribute or even set up a plan (Grandparents love this!).
📚Withdrawals for education expenses are federally and usually state tax-free.
📚Under certain conditions, some funds can now be rolled over into a Roth IRA.

Starting early can make a big difference!



A 529 plan is a tax-advantaged college savings plan. Before choosing a plan, it's important to consider not only the state tax treatment, but also any associated fees and expenses. Availability of a state tax deduction will depend on your state of residence, as state tax laws and treatment may vary from federal tax laws. If you make nonqualified distributions, earnings will be subject to income tax and a 10% federal penalty tax.