top of page

Search Results

70 items found for ""

Blog Posts (20)

  • 10 Tips to Develop Financial Wellness This Year

    Financial wellness is a state of being when one is in control of their finances, can cover expenses, and save for future goals. Consider financial wellness as your relationship with money; it can be either healthy or unhealthy. Financial wellness is essential to being financially secure and meeting your goals. Here are ten tips to help you develop financial wellness this year: Tip #1: Check that your income and spending are in balance. You must be aware of your spending patterns, limit your use of credit, and be mindful of not spending more than you make. Review your online banking, bill payments, and credit card statements to ensure you're not overspending. Tip #2: Develop a monthly budget. A monthly budget helps you track exactly where your money is going so you aren’t living paycheck to paycheck due to overspending. Budgeting can help you save for retirement and create a plan to pay off debt. A budget can also help you learn to live without wants because you can see where your hard-earned dollars are going. Tip #3: Save money to cover unforeseen emergencies. Ideally, save three to six months of living expenses in an emergency savings account. Once you reach six months of emergency savings, continue saving in your emergency fund until you reach another milestone, such as one year of living expenses. Tip #4: Consistently save for retirement and other goals. Invest in yourself by automating your monthly 401(k), IRA, or Roth IRA retirement savings contributions. Save for different purposes through automatic savings account contributions through payroll or other bank apps into an account set up for a specific financial goal. Tip #5: Discuss significant financial decisions with others. Before making financial decisions or purchasing big-ticket items, discuss the pros and cons of your decision with others before spending. Discussion can help determine if the financial decision aligns with your budget and goals. Tip #6: Regularly monitor and adjust your financial plan. You should have a written financial plan that aligns with your goals and timeline. Self-monitor your progress toward your goals and adjust your financial plan as necessary as your life changes. Tip #7: Educate yourself. Financial literacy is the confluence of the economic, credit, and debt management knowledge necessary to make financially responsible decisions that are integral to our everyday lives. The more you know about personal finance, the more likely you are to make comprehensive financial decisions. Tip #8: Work with a financial professional. Working with a financial professional can help you determine strategies appropriate for your goals, risk, and timeline. They can also help you develop a budget, create a financial plan, save for your child’s education, and keep you on track toward your goals. Tip #9: Don’t let your emotions impact your financial decisions. Weighing out the pros and cons of financial decisions before making a final decision is essential to financial wellness. When it comes to investing, emotions can be tricky since investors don’t always make rational decisions, according to the CFA Institute. Financial decisions require evidence and reasoning to make the most thoughtful choice so that you don’t regret your decisions later. Tip #10: Save money in small ways. Look for discounts, promos, and coupons on items you regularly buy. Also, consider negotiating a reduced price for memberships and subscriptions such as internet, gym, and streaming channel services. Financial wellness is essential for many reasons since it can impact your mental and physical health and overall quality of life. By improving your financial wellness, you can build wealth for a more financially secure future. Important Disclosures The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations, nor is it intended to provide any specific advice or recommendations for any individual security. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing. Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax. The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change. This article was prepared by Fresh Finance. LPL Tracking # 1-05351060

  • How Behavioral Economics Can Help You Keep New Year's Financial Resolutions

    If you are someone who makes New Year's financial resolutions and often doesn't keep them, behavioral economics can help. Behavioral economics studies psychology as it relates to economic decision-making. Ideally, people would make the financial decisions that are appropriate and will benefit them the most. In economics, the rational choice theory states that when presented with choices under scarcity, people will choose the option with the most personal satisfaction. However, scarcity is an economic problem that is the gap between our financial resources and wants. Scarcity requires us to decide how to use our financial resources efficiently, but often that may differ depending on our choices. That's where behavioral economics comes in. Sometimes we make rational decisions, and other times, irrational decisions about our financial resources. Here is a few examples of behavioral economics, rational, or irrational decision-making when it comes to our finances: Budgeting Buying a coffee shop latte twice a week versus daily spending, which is more than your budget allows. Debt Paying off credit card debt and not using credit versus making payments but accumulating more monthly debt. Investing Consistently investing each month versus occasionally investing, depending on market performance. Herd Mentality Spending and investing based on your financial situation versus spending and investing in keeping up with your peers. When it comes to keeping New Year's financial resolutions, understanding behavioral economics may help you make confident financial decisions in the following areas: Personal Debt Working toward eliminating personal debt such as credit card, auto, or other personal loans. Investments Determining appropriate investments for your goals, risk tolerance, timeline, and situation. Retirement Savings Regularly contributing to your retirement savings accounts and maximizing contribution amounts based on your age and timeline until retirement. Insurance Reviewing, updating, and purchasing insurance coverage for your situation to offset the risk that can derail your financial goals. Money Management Develop a monthly budget to help you understand your cash flow and where you can make objective improvements. Seek Investment Help Working with a financial professional for comprehensive financial planning and working toward it. Behavioral economics is the psychology that can help you be mindful of the consequences of your financial decisions in the New Year. Start by writing down your financial resolutions, thinking about them, creating your plan, working toward them, and revising. It may help to discuss your financial resolutions with an accountability partner, such as a spouse, close friend, or financial professional. Important Disclosures The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy. This article was prepared by Fresh Finance. LPL Tracking # 1-05351060 Sources: https://www.investopedia.com/terms/b/behavioraleconomics.asp https://www.investopedia.com/terms/s/scarcity.asp https://www.investopedia.com/articles/02/112502.asp

  • Are You Fiscally Fit? 5 Ways to Check the Health of Your Wealth

    Just as it is important to be physically and mentally fit, it is also important to be fiscally fit. Fiscal fitness is not only about how much money you earn or the balance in your savings or retirement accounts. Instead, it is about the relationship you have with your finances. Here are five signs that you are fiscally fit and tips on how to potentially improve the health of your wealth. 1. Grateful If you resent your financial situation, you may not be fiscally fit. Sometimes, this might occur due to an unexpected change in your life, such as losing a job. But in other cases, resentfulness springs from poor money management habits. Living above your means usually creates a lot of stress. It may also take a toll on your personal life. Identify areas where you may make changes that allow you to feel grateful rather than resentful about your situation. Fiscally fit people feel grateful about their money and the things it allows them to do. 2. Well-Informed Fiscally fit people are well-informed. They understand financial essentials. They have the knowledge they need to make sound decisions about their current and future finances. That said, you do not necessarily need to know everything about finances. Ideally, you should be financially literate and bring in financial professionals as required to help you. 3. Forward-Looking Do you think about the future? Or are you just living for today? Even if you are very comfortable and grateful about your current finances, you may not be financially healthy if you do not have a plan for tomorrow. Ideally, you should have short- and long-term financial goals and manage your money in ways that help you work toward those goals. 4. Optimistic People who have high levels of fiscal fitness are optimistic. They are not worried about the financial aspects of the future because they have a plan in place. They save for the future and put aside enough to cover unexpected emergencies. They have insurance coverage or contingency plans just in case they develop a major illness, get in an accident, become disabled, die prematurely or encounter other unforeseen issues and challenges. 5. Confident Having confidence about your finances is a major sign of fiscal fitness. Well-informed and forward-looking people feel confident about the decisions they make about their money. Whether splurging on a luxury item, sticking to a budget or putting money into savings, they feel confident in those decisions. A false sense of bravado or assuming everything could be OK even though you do not plan for your financial future or budget properly is not the same as being confident. Confidence, instead, is a sense of assurance that you make informed decisions for each situation. Are you fiscally fit? If the concepts above accurately describe you, then you probably are fiscally fit. If not, you may need some extra help. Consider consulting with a financial professional regularly to manage your finances. Important Disclosures: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy. This article was prepared by WriterAccess. LPL Tracking #1-05345915.

View All

Other Pages (50)

  • Advisor Retirement & Exit Planning | Gatewood Wealth Solutions

    ADVISOR RETIREMENT & EXIT PLANNING This page is intended for financial professionals only. If you're looking to retire within the next three years, you're in the right place! (Longer timeline? Visit our Contingent Succession Solutions page.) Whether you plan to sell your business, leave it to a talented employee, or pass it on to a family member, succession planning is essential to continue your client care legacy. At Gatewood Wealth Solutions, we have a dedicated and systematized approach to transitioning clients, honed from more than 20 years of experience managing these nuanced situations. If your clients transition to Gatewood Wealth Solutions, they can expect the same level of exceptional client service they experienced with you. Client-First Approach When your clients become a part of Gatewood Wealth Solutions, they are coming to a practice that delivers a boutique and personalized experience with a large firm's resources. Learn More > Highly Credentialed Team Every client works with a four-member team that includes a CERTIFIED FINANCIAL PLANNER™ professional and Chartered Financial Analyst (CFA ® ). Learn More > In-House Investment Management We integrate client portfolios into a carefully constructed financial plan targeted toward their goals. Our approach is versatile and suitable for a broad range of investors. Learn More > Comprehensive Financial Planning We have access to resources that accommodate a broad spectrum of clients' needs across a lifetime, supported by integrated technology and financial planning. Learn More > CONTACT A GWS PARTNER With a well-defined succession plan that transitions your clients to us, you can be confident that they will be well cared for by our highly accredited team. Request a meeting with a GWS partner to learn more about our firm and our succession solutions, or visit our FAQ page for more information. Daniel Goeddel, MBA Partner | Chief Development Officer | Lead Advisor Request a Meeting

  • Meet the Team | Gatewood Wealth Solutions

    MEET THE FIRM Each of our team members is wholeheartedly committed to your financial journey. Our industry-leading credentials per capita are evidence of our firm's commitment to lifetime learning. View our bios below to learn more about the GWS team. Planning Team Investment Committee Operations Team Leadership Team Partners Christopher Arends, CFA®, CMT® Director of Investments Chris started his career in investment operations for a local office of Northwestern Mutual before j oining Gatewood Wealth Solutions, analyzing the firm's portfolio and investment team. Read More > Nina Breen, CFP® Service Advisor Nina started her financial services career as an Associate Financial Representative before joining Gatewood Wealth Solutions in 2019. Read More > Clayton Feldman Strategic Project Manager Clay began his career with Gatewood Wealth Solutions in client services, moving to strategic operations. Using his strategic and scalable operation techniques, he ensures that GWS constantly has the premier technology that the industry is offering. Read More > Jared Freese, CFP®, CLU®, CEPA, ChFC® Service Advisor In the past ten years, Jared has provided clients with robust financial solutions tailored to their needs and goals. His experiences will help him monitor and update GWS clients' financial plans. Read More > Daniel Goeddel, MBA Partner | Chief Development Officer | Lead Advisor Dan started with GWS shortly after graduating from college, serving on the executive leadership team in 2015. He directly cares for $200M of the firm's assets under management. Read More > Kathleen Harris Experience Ambassador Kathleen recently joined Gatewood Wealth Solutions, bringing over a decade of marketing and office administration experience to the team. Read More > Blake Higdon Support Associate Blake moved to Saint Louis to begin his career in management services. Shortly after that, he got into the financial technology industry, leading him to Gatewood Wealth Solutions in July 2021. Read More > Cole Milam, CFP® Service Advisor Cole worked at Northwestern Mutual before being drafted by the Boston Redsox for two years. He joined Gatewood Wealth Solutions as a Support Associate in 2021. Read More > Melissa Sims Support Associate Melissa started her career as an Operations Manager before joining Gatewood Wealth Solutions in 2016. She oversees many of the operational and service roles, giving clients an exceptional experience. Read More > Bradley Fischer, CFP® Service Advisor After graduating from the University of Wisconsin, Brad began working with a family-owned bank where he ran a financial advisory practice. He joined the team in 2020 as a Service Advisor. Read More > John Gatewood, CFP®, CLU® Founder & Chief Executive Officer In 1981 John originally founded Gatewood Group in Chicago, later transitioning to St. Louis in 1984. John's team has grown and matured into what is now Gatewood Wealth Solutions. Read More > Lauren Goeddel, CFP® Service Advisor Manager Lauren began her career with Gatewood Wealth Solutions after graduating from the University of Kentucky. She assists in monitoring and updating client families' financial plans, investment, cash, and insurance needs. Read More > Matthew Harris, MBA Support Associate Matt is licensed in Life/Health (MO) and Property & Casualty Insurance (MO), joining GWS in January 2021, assisting our team of advisors with our client's overall financial planning and performance. Read More > Brian McGeehon, CFA®, CLU® Partner | Chief Financial Officer | Lead Advisor Beginning his career at GWS in 2008, Brian was recruited as the firm's third employee. Today, he is the firm's Chief Financial Officer , Lead Advisor, and Partner. Read More > Christina Shockley, JD, CFP ® Partner | Chief Planning Officer | Lead Advisor Shortly after graduating college, Christina joined Gatewood Wealth Solutions in 2011 to focus her career and client guidance on complex estate, tax, and business planning. Read More > Aaron Tuttle, CFA®, CFP®, CLU®, ChFC ® Partner | Chief Investment Officer | Chief Operations Officer After serving in the United States Marine Corps, Aaron received his degree from Washington University. He then joined Gatewood Wealth Solutions to customize investment strategies for each client. Read More > Charles Scheipeter Operations Analyst Once graduating from Spring Hill College, Charles moved back home to St. Louis to begin his career with an accounting firm doing tax accounting. Shortly after, he joined the GWS team as an operations analyst. Read More > *View full list and award criteria here.

  • Jared Freese | Gatewood Wealth Solutions

    Jared Freese, CFP® , CLU®, CEPA, ChFC ® Service Advisor Office: 314.924.5118 jared.freese@gatewoodwealth.com Schedule an Appointment EDUCATION Southeast Missouri State University – Bachelor of Science in Business Management and Finance ​ PROFESSIONAL After graduating from college, Jared worked with a competitive financial firm in the United States. In the past ten years, he has provided clients with robust financial strategies tailored to their needs and goals. Jared’s experiences will help him monitor and update GWS client families’ financial situations and investment, cash, and insurance needs. Jared holds his Series 65 registration with LPL Financial and his CLU® from The American College. ​ PERSO NAL Jared lives in Oakville, MO, and belongs to the Queen of All Saints Parish. He is married to Becky, and they have three girls: Peyton (6), Riley (4), and Skyler (2). In the family’s free time, they enjoy being outdoors and playing sports. Jared enjoys playing golf and long-distance triathlons. He has completed seven half ironmans and two full ironmans along with dozens of shorter distance races. Back to Team Page

View All
bottom of page