FitzWilliam Financial Services

02/09/2024

Save Save Save!

Emergency Fund: easily accessible savings that can be used in cases of emergency like job loss, illness/injury, and more.
Goal: 3-6 months of expenses

ETF (exchange-traded fund): contains a "basket" of financial assets such as stocks, bonds, currencies, and more. ETFs trade on the market like regular stocks.

Mutual Fund: "an investment fund that pools money from many investors to purchase securities". Different from ETFs because mutual funds only trade once every day.

Why ETFs/Mutual Funds: an easy way to diversify your portfolio without actively managing individual stocks and they are less risky than investing in individual stocks.

12/13/2023

New year, new contribution limits!

Individual Retirement Accounts (IRA)
- Roth IRA
- Traditional IRA

Employer-Sponsored Plans
- Traditional 401(k)
- Roth 401(k)

Health Savings Account (HSA)

*Maximum contributions are per account/plan, not category
(Ex: $7,000 into both a Roth and Traditional IRA)

11/29/2023

Understanding the Four Pillars of Financial Literacy: debt, budgeting, saving, and investing

11/27/2023

Your 401(k) savings are deducted from your salary, and not taxed. These contributions also grow tax-free, and you only pay taxes when you withdraw.

*a 10% penalty will be added to the taxes due if you withdraw before 59 1/2 years old

06/03/2023

Do you want to know where your money is going?

Follow the link in our BIO to our website and click the CONTACT tab. After filling out the intake form we will schedule an information session and begin creating your individualized financial plan.

06/02/2023

Welcome to FitzWilliam Financial Services!

Experience