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Category Archives: Financial Planning

Investopedia Top 100 Financial Advisors for 2018

Stephen Rischall, CFP® and founding partner at 1080 Financial Group has been ranked by Investopedia as a member of the 2018 Top 100 Most Influential Financial Advisors in the country yet again. This is the second consecutive year Stephen has … Continue reading

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Getting (Mentally) Prepared to Retire

A successful retirement is not merely measured in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of drawing down their savings too fast. How can new retirees try to calm these … Continue reading

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How Much Should You Save by Age 30, 40, 50, & 60

It is agreed that the earlier you start saving for retirement, the better. The big question on the minds of many savers, however, is: “How am I doing?” You may need to save more or less than these amounts based … Continue reading

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The Real Cost of College

How much will your family end up paying for college? Your household’s income may have less influence than you think – and some private colleges may be cheaper than you assume. Private schools sometimes extend the best aid offers. Yes, … Continue reading

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Investing in Your Beliefs

It’s Not Uncommon Many well-educated, socially conscious, and environmentally friendly investors wind up buying shares of companies whose beliefs and business practices are far removed from their own. Why? Often, investors simply haven’t thought about merging their personal beliefs with … Continue reading

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Financial Priorities Young Families Should Address

As you start a family, you start to think more about certain financial matters. Things change when you have kids, so being prepared can make the transition less stressful down the road. Parenting presents you with definite, sudden, financial needs … Continue reading

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Translating Stock Market Jargon

Understanding the terminology used when it comes to stocks, investing, and even Wall Street is challenging to many people. Below are some terms we hear quite often summarized in order to help you. Blue Chips: Stocks that have a history … Continue reading

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Who To Trust With Your Money – 2 Frugal Dudes Podcast

Stephen Rischall,CFP® spoke with Sean Merron, host of the 2 Frugal Dudes podcast  to discuss everything from good (and bad) financial decision making, to investing for the first time, and smart ways to protect yourself from financial fraud. Stephen also shared his … Continue reading

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Should Millennials Be Your Money Models?

Financially, Millennials (or Generation Y) are often criticized for being risk averse and unaware. Is this truth, or is it fiction? In some instances, pure fiction. Here are some good financial habits common to millennials – habits their parents and grandparents … Continue reading

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Retiring Before 60

How to retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets that lessen or avoid early withdrawal penalties. You may also need to have other (sometimes overlooked) components of retirement planning … Continue reading

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Financial Steps to Take When Getting Married

Are you marrying soon? Have you recently married? As you begin your life together, it is important for you to start planning your financial future together and putting your finances on the same page. Here are some priorities you might … Continue reading

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Is a Home an Investment?

When you buy a home, are you investing? If you buy it to flip it or buy it as a rental property, the answer is yes. If you buy a home simply to live in it, the answer may be … Continue reading

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The Importance of Financial Literacy

If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. Are most people clueless about financial matters? … Continue reading

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Tax Planning for the Self-Employed

For some, self-employment is the American dream. An opportunity to be your own boss, to maintain a flexible work schedule, and oh yes, to establish a lifelong relationship with your accountant and other financial professionals. While there’s plenty of upside … Continue reading

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SMART Goals for the New Year!

I called up my mom to say hello for the first time this year. We started talking about “resolutions”, and she brought up a good point that, “making a New Year’s resolution is just a promise that will be broken … Continue reading

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Spend Money the Smart Way This Holiday Season on KNX 1070

Spend money the smart way this holiday season. Charles Feldman and Mike Simpson, hosts of KNX 1070 In Depth, interview award winning financial planner Stephen Rischall, to discuss smart holiday spending habits and how to avoid mountains of debt so you … Continue reading

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CBS – How to Control Your Company’s Cash Flow

Stephen Rischall has been featured in an article by CBS where he shares some insight on how a company can control its cash flow. The full article can be seen below. For most small business owners, cash flow is constantly in … Continue reading

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Are Millennials Taking Their Money Seriously?

See what Stephen Rischall had to say about millennial investors in today’s world. He was recently featured on The Goldstein on Gelt Radio Show where he shared some of his thoughts. Stephen Rischall is an award-winning fiduciary financial advisor. He has … Continue reading

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Millennials in LA are Stressed About Money

I’m a millennial (born between early 1980’s to early 2000’s), the generation developing a reputation of being lazy, technology dependent, and pop-culture obsessed. Embarrassingly, most of my peers admit to knowing more about food, music, and sports than they do … Continue reading

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What Parents Need to Know About Saving for College

If you’re saving for your child’s higher education, you probably have a lot of questions besides “when did college get so incredibly expensive?” One popular savings tool that might puzzle you the most is the 529 Plan. Started in the … Continue reading

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Will You Be Ready When the Market Cools Off?

We have seen a tremendous rally on Wall Street, nearly nine months long, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average repeatedly settling at all-time peaks. Investors are delighted by what they have witnessed. Have they become … Continue reading

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Protection Against Elder Financial Abuse

We are becoming more familiar with the notion of financial abuse targeting elders – scams and other exploitation targeting the savings of people aged 60 and older – but many may think, “it won’t happen to my family” or “my … Continue reading

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Switching Jobs and Your 401(k)

Ready to quit your present job and grab an exciting offer from a top-notch company? Great! You’re all set to make a fresh start in your career. But what will you do with your old 401K account? You need to … Continue reading

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How Much Home Can You Afford?

Does buying a home make sense for you financially? It may or may not, depending on some financial, career, and lifestyle factors. Your savings, credit, salary, level of disposable income, and your housing preferences all count. If you are serious … Continue reading

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Co-Signing: A Good or Bad Idea?

It’s not hard to recall many heartbreaking stories of family or friends who have agreed to co-sign some sort of loan and then find themselves on the short end. Just think about it; the only reason a lender asks for … Continue reading

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Personal Bankruptcy Explained

No matter the reason, personal debt problems can be devastating. They can lead to depression, feelings of guilt, shame, anxiety, and problems with relationships. Also, these debt issues often result in individuals feeling the need to hide and even lie … Continue reading

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Why Couples Disagree About Money

If you’ve ever been in any kind of relationship, whether dating, living together, or married, chances are you have experienced differences with that other person about money. It’s an age-old problem and it rates high on reasons why couples seek … Continue reading

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New Updates in 1080 eMoney

Starting on August 22, we are releasing an update to your 1080 eMoney Personal Financial Website. The updates are intended to help organize and make things even easier by creating a better user-friendly experience. Here’s What’s Changing:  – A modern … Continue reading

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Our Ultimate Financial Survival Guide

Check out our new Ultimate Financial Survival Guide! It provides helpful tips and insight regarding various topics that are all geared towards helping you set up a solid financial foundation. The Ultimate Financial Survival Guide discusses: – setting financial goals … Continue reading

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A Goal Without a Plan is Nothing

Even though it’s a busy time for most of us, it’s also a great time to consider (or reconsider) our life goals, especially as they relate to how we use our precious resources – time, energy, and money. And, in … Continue reading

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