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Retirement planning today is about financial independence and the freedom to choose when and how you work. A work-optional strategy supports sustainable income, may reduce portfolio risk, and aligns your money with your ideal lifestyle.

Retirement readiness is about more than a number. Explore common mistakes people make in their 50s, what a true retirement checkup includes, and how thoughtful planning can create clarity, confidence, and flexibility for the years ahead.

As life evolves, so do the financial goals that support it, making it important to revisit whether your plan still reflects what matters most today. Aligning your financial strategy with changing priorities can lead to greater clarity.

Tax filing doesn’t have to be a once-a-year scramble — the biggest savings are created by the moves you make before you file. Read the seven simple, proactive strategies that can quietly help lower your lifetime tax bill.

As the new year begins, many people feel pressure to “get their finances together,” but net worth isn’t the number that matters most in your 30s and 40s. What truly drives long-term wealth is the health of the systems beneath it.

Discover senior discounts on travel, dining, and more—plus how they fit into your broader retirement strategy. These everyday savings can help you stretch your budget further and support a more comfortable retirement.

At Phronesis Wealth Management, we believe the smartest financial decisions are made before deadlines hit. December 2025 is a critical one for Roth conversions—learn why acting now may benefit your future.

For years, $1 million has been the “magic number” for retirement—but is it really enough if you want to stop working at 62? The answer depends on your lifestyle, income sources, and planning strategy.

Fall's the perfect time for a financial “fire drill.” Is your safety net ready? A quick check of your savings, insurance, and estate plans now could save you stress later. Don’t wait for an emergency—get ahead before year-end hits.

Planning for retirement is one of the most important financial steps you’ll take in life. However, many people make mistakes that can jeopardize their financial security in their golden years. From underestimating expenses to...

Midway through the year is the ideal time to reassess your finances and realign with your goals. From budgeting and saving to debt management and estate planning, this checklist ensures you're making the most of your financial strategy.

Smart vacation spending means enjoying your getaway without compromising your financial goals. Practical tips—from budgeting and using credit card rewards to strategic splurging—help you travel well and return home without financial regret.

Money isn’t just about dollars and cents—it’s deeply connected to our emotions, experiences, and psychology. Discover how emotions like fear, greed, and overconfidence influence financial decisions, often leading to irrational choices.

A customized financial plan can provide clarity, reduce financial stress, and help align your money with your goals—ultimately leading to greater confidence and well-being. It can also empower you to make better decisions for your future.

Spring isn’t just for cleaning your home—it’s also the perfect time to refresh your finances. By reviewing your budget, updating financial goals, and cutting unnecessary expenses, you can set yourself up for a more prosperous year.

Discover how artificial intelligence is transforming the financial industry and why the personalized guidance of an advisor remains essential. Explore the perfect blend of technology and human expertise for smarter financial planning.

Generational wealth faces new challenges in today’s economy, but strategic planning can ensure its preservation. Equally important is equipping the next generation with financial literacy to manage and sustain wealth.

With longer life expectancies, income gaps, and family responsibilities, women face unique financial challenges. A diversified portfolio can help manage risk and boost growth—no matter your experience level.

Keeping your plan current by regularly updating wills, trusts, beneficiary designations, and directives in response to changes in tax laws and personal circumstances ensures that assets are managed and distributed as intended.

Review your budget, plan for upcoming holiday expenses, and check your credit report to ensure you're on track for a prosperous 2025. Follow our Fall Financial Checklist for a smooth and successful year-end.

Medical professionals can better secure their financial future by avoiding common pitfalls. Plan for student loans, prioritize retirement savings, protect assets with insurance, diversify investments, and engage in tax planning.

Selling your business and wondering what's next? Embrace the change with confidence. Explore some key transition areas that will need some adjustment as you manage life after the sale.

What You Need to Do Now if You’re Planning to Sell Your Business in the Next 5 Years Business ownership is a journey that often spans decades, filled with challenges, growth, and achievements. You may have built your business from the...

Regularly reviewing your retirement analysis is vital for your financial security and retirement goals. Life changes, market fluctuations, and income optimization necessitate ongoing adjustments.

Another year older means another year wiser—especially when it comes to your finances! Learn more about maximizing retirement savings at 50, penalty-free withdrawals at 59 1/2, and understanding Medicare and Social Security at 60.

Planning for retirement? Don't forget about healthcare expenses. Discover expert strategies for financial preparedness in our latest article. From estimating costs to investing in wellness, our financial advisors have you covered.

Discover the pivotal role tax planning plays in personal finance. Learn the significance of strategically managing taxes to optimize returns and preserve wealth, and planning for retirement and estate taxes.

Optimize your financial future with expert-driven comprehensive financial planning. Explore strategies beyond the ordinary, including estate planning, income protection, and more. Take proactive steps for resilience in an uncertain world.

Planning for your financial future? Whether you're starting out or reassessing, it's key to have a well-established and monitored financial plan. Focusing on individual goals, we'll help you navigate the complexities of personal finance.

The "Sandwich Generation" juggles supporting aging parents and their own families. Financial stress and caregiving take a toll on physical and emotional health. It's important to not neglect your retirement planning amidst the chaos.

Dreaming of a lottery win is fun, but let's face it—more realistic financial windfalls happen every day. Whether it's selling a business, inheriting money, or cashing in stock options, handling sudden wealth requires careful consideration.

It's always best to consult a trusted and certified financial professional who can offer personalized advice based on your specific needs. They have the necessary knowledge and experience to guide you effectively in matters of finance.

Don't let the noise control your financial decisions. Say goodbye to being influenced by politics, market volatility, news, and social media frenzy. Focus on your savings rate, not the noise. Let our team help you cut through the chaos.

10 Steps to Take When a Loved One Passes Away

Richard C. Osman, CFP®, CLU®, ChFC®, CASL®

Tuesday, August 1, 2023

Losing a loved one is a deeply challenging experience, and the emotional toll can be overwhelming. But amidst the grief, it's important to address the financial matters left behind.

More than ever, people are being asked: “Can you be my trustee?” If you’ve been named a trustee, or if someone asked you and you are considering it, contact the financial planning team at Phronesis Wealth Management for help.

As your child turns 18, it's crucial to consider important documents like Health Care Power of Attorney, Financial Power of Attorney, and a Simple Will.

Are you at a crossroad where you are considering a career change or perhaps retiring sooner than planned? Many Americans are reevaluating their job and career strategy since the pandemic.

Questions about college savings? For many families the cost of college tuition can be overwhelming.

To leave an indelible legacy, we first need to define what we want this legacy to be. And that means having some serious conversations as a family.

What is a backdoor Roth IRA, also known as a Roth IRA Conversion, and how can it work for you?

Congratulations. You have finally decided it’s time to meet with a financial advisor. You’ve entered their office. You’re sitting in front of them. Now what?

If the Mayo Clinic deserves a second opinion, don’t your finances? When it comes to our health, a second opinion is common. It’s expected. It’s the norm.

You’ve spent a lifetime saving for retirement, but is it enough?