Fervida Financial Strategies, LLC

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.

04/30/2026

When stock prices drop, some investors start asking "shoulda, woulda, coulda” questions about whether to remain invested. But as 2025 illustrates, market timing can be very expensive even if it means missing just a few days.

04/23/2026

What a $5 Frappuccino can teach your teen about building wealth 👇

April is National Financial Literacy Month, and here's a number worth sharing at the dinner table.

If your teen opens a Roth IRA at 18 with $1,000 from a part-time job and adds $1,000 a year, that single account could be worth nearly $500,000 by age 65. Tax-free.

Think they can't save $1,000 a year? Skipping the daily Frappuccino more than covers it. ☕

But the best financial education isn't about the math. It's about real decisions with real consequences.

A few things that actually work:

✅ Hand them cash instead of a credit card for shopping. Let them keep what they don't spend.

✅ Give them a clothing budget for the year. If they blow it by October, that's the lesson.

✅ Have the college money talk before they fall in love with a school. As one counselor put it, "Have the conversation before they buy the hoodie."

✅ With the Roth IRA, you can show them that there are certain rules with certain accounts. For example, to qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59½. Also, tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals.

What's one money lesson you wish someone had taught you earlier? 👇

Please consult with a tax and finance professional before making any decisions.

Sources:
-https://www.calculator.net/roth-ira-calculator.html?cstartingprinciple=1%2C000&cannualaddition=1%2C000&cmax=n&cinterestrate=8&ccurrentage=18&cretirementage=65&ctaxtrate=25&printit=0&x=Calculate -ira-result
-https://www.ngpf.org/blog/advocacy/how-many-states-require-students-to-take-a-personal-finance-course-before-graduating-from-high-school-is-it-6-or-is-it-21/

04/16/2026

The stock market often feels like a roller coaster ride with its ups and downs. But over time, investing in stocks can play an important role in making the most out of your money. Here's a way to help smooth out the ride.

Dollar-cost averaging is a strategy that involves investing at regular intervals in order to capitalize on market fluctuations and minimize emotional decisions.