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Retirees with substantial IRA assets face a unique challenge—how to withdraw funds efficiently while minimizing taxes. Without careful planning, required minimum distributions (RMDs) can push you into a higher tax bracket and create unexpected tax liabilities. Here are some key strategies to keep more of your wealth while enjoying a comfortable retirement. 1. Utilize Roth […]

Election years have historically always been positive years for the stock market. We count on that and invest accordingly. Read our Q4 market update here…

Our official 2024 Market Update is in! 2024 was an amazing year for investors. At Upward Financial Planning we doubled our assets under management by creating growth in our clients’ investments and by bringing in new clients. Balance  Dec. 31, 2022:                      $6,655,698 Growth:                                                $1,363,989 Net New Client Assets:                      $6,775,404 Balance as of Dec. 31, 2023: […]

Interest rates are high now (relative to recent investing environments) which means that you can get decent returns with little-to-no risk through bonds, CD’s, and fixed indexed annuities. While research suggests that stocks perform better than bonds a majority of the time, especially if held long-term, it can be a good option to invest in […]

Watch to hear our commentary on current market trends and the latest news and cutting-edge financial advice. Our lead financial advisor, Daniel Colston, CFP(R) shared about our firm’s history and the current inflation crisis, interest rates, stocks, and bonds. We talked about whether mutual funds or ETF’s or an annuity or even individual stocks and […]

Daniel Colston was featured on the BAM school podcast where he chatted with fellow business owner Buddy Rathmell about the challenges and adventures of business ownership and living a life of mission to help others.

Trying to find a financial advisor or investment manager whom you can trust is difficult enough. Add to that, the presence of bad actors in the industry, and it becomes even more difficult. I have been a financial advisor for 6 years now and have seen more than a handful of advisors who push bad […]

“Muni Bonds”, short for municipal bonds are an underrated, hidden secret right now for many reasons. With market uncertainty, it can be advantageous to invest in a bond versus a stock because bonds are completely different investments than stocks and have the advantage of not being as susceptible to market movements. Whereas a stock is […]