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Tax Help for Growing Families

Having a child is one of life’s special events – but the cost of a growing family can also bring challenges to your life. Here are some ways that you can take advantage of tax breaks that come along with those extra mouths to feed.

Young and Not Broke - Parsec Financial

Five Financial To-Do’s Ahead of Welcoming a New Baby to the Family

My wife and I are slowly turning the corner from having two babies to two full blown toddlers. Like most parents, the question “where did the time go?” seems ever so true. It was not easy, and we still have a lot more fun chaos ahead, but we are glad we took the following steps to prepare financially before we had our first child.

Veterans Benefits: A Tool for Financial Planning

I am a veteran of the United States Marine Corps. I have volunteered with various veterans organizations since I got out of the Corps, and I love sharing my experiences and passing along what I have learned to help fellow veterans and their families. I take advantage of several programs and benefits offered by the Department of Veterans Affairs (VA) and am familiar with many of the resources that are available. Even if you are not a veteran, you probably know someone who is, so read on!

7 Reasons to Consider a Prenup

There is nothing that can kill the romance of upcoming nuptials more quickly than your partner asking you to sign a prenuptial agreement (aka prenup). But do you know what can really kill the romance? Divorce!

How to Talk to Your Children About Your Estate

Talking with your children about disability and/or death can be a difficult task for most people. Parents spend the better part of their financial lives working, saving and planning only to end up avoiding the proper communication and planning with children surrounding death. Parents often do not discuss their estate plans with adult children out of fear that this will only cause tension and improper incentives. But, in my experience as an attorney and financial advisor, the most successful planning results come from good communication.

I Received an Inheritance, Now What? - Parsec Financial

I Received an Inheritance, Now What?

At some point in your life, there is a chance that you will inherit money or assets left from a grandparent, parent, or other family member. When someone that you love passes away, it is an emotional experience and going through the process of inheriting the assets they chose to leave you can add to the rollercoaster of emotions.

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Michael Baughman

Michael Baughman

Michael is a Certified Financial Planner practitioner and a NAPFA-Registered Financial Advisor.

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