Finance

How Do I Invest for My Kids

As a parent, we want to do everything we can to set our children up for success. This includes allowing them to learn through their own failures and struggles. As parents we have the opportunity to assuage the degree of struggle at times. One opportunity to relieve future anxiety is to include our children in household and family decisions. Including them in money management decisions can change the trajectory of your child’s future. “We may not be able to prepare…

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Money Advice that Should be Obvious

These lessons can be handy. Read them over and see if they are already obvious to you. Never try and gamble your way to wealth! A recent article described life in small lower-income and rural towns in the U.S. where the average household lives paycheck to paycheck and frequently encounters medical bankruptcies, and almost everyone in town buys a TON of lottery tickets every week. But, you know: “You gotta play to win,” “When my numbers finally hit, I’m gonna really change my life”… and other…

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How Much Money do you Need to Retire?

The short and sweet of it is: determine your desired annual income and multiply it by a factor of 25 – that number is how much you will need to have saved. Below we will discuss opportunities to grow your retirement income number and ways that we can reduce the amount you need to save and still meet your desired retirement income goals. Don’t worry, you’re not alone if you know – or think, that you may falling behind when…

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Should you Convert to a Roth IRA

What we know: President Trump’s Tax Cuts and Jobs Act will expire in 2026. What we don’t know: what the tax brackets will look like for all earners. With tax hikes possibly on the horizon, there are some things you can do to hedge against losing your retirement income to taxes. Let’s recap a quick recap of 2020. It is estimated that the real level of our unfunded liabilities sits at $128 trillion – more than 500% worse than what…

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F.I.R.E Up your Retirement

Let’s start with an understanding that retirement is not an age, it is a financial number. There is no rule that states you must work until you are 65 There is a new(ish) wave of people proving that it is possible to retire in their 30’s and 40’s with the financial freedom to repurpose their retirement into something greater. F.I.R.E is a moniker for Financial Independence, Retire Early and is a movement highlighting one’s ability to eliminate debt, save aggressively and…

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College Funding Strategies

The cost of higher education is only going up – 296% for in-state public university tuition and fees to be exact, but that shouldn’t get you down. Saving for college doesn’t need to be a burden. The desire to assist your children with the future cost of their education is an honorable aspiration. Let’s talk about two of your options: the state-sponsored 529 plan and Indexed Universal Life insurance. Indexed Universal Life: No Administrative fees No hidden maintenance cost Completely…

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David Mersereau is focused on meeting the financial and retirement needs of others through implementing financial strategies, coordinating estate planning, securing college funding and guaranteeing your insurance needs are met.

Click here to contact David and setup a consultation.

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1700 Chester Ave, Bakersfield CA 93301