Financial Wellness Requires Having a Will
When discussing financial wellness, many people think about budgeting, saving, and investing. However, one crucial element is often overlooked—estate planning. Owning a will is a fundamental part of financial wellness, yet alarmingly few Americans have one in place. According to a 2021 Gallup poll, only 46% of U.S. adults have a will, leaving the majority…
The Costliest Five-Year Pause: How One Startup Owner Lost Over $500K in Retirement Savings—And What You Can Learn From His Mistake
Fifteen years ago, Jason Carter* was all in on his dream. At 35, he left a stable corporate job to launch his own tech startup. Like many founders, he poured every spare dollar into the business, convincing himself that once things took off, he’d have more than enough to catch up on retirement savings. For…
The Solo 401(k): A Retirement Game-Changer for Solopreneurs
If you’re a solopreneur, you’re already wearing multiple hats—CEO, CFO, marketer, customer service rep, and everything in between. But have you thought about adding “retirement plan administrator” to the list? Before you dismiss it as just another task, consider this: A Solo 401(k) could be the most powerful wealth-building tool at your disposal. Unlike a…
Why Rolling Over Your Old 401(k) into an IRA Can Supercharge Your Retirement Savings
If you’ve recently left a job—or are thinking about it—you’re probably wondering what to do with your old 401(k). Should you leave it where it is? Move it into your new employer’s plan? Cash it out (hint: probably not a great idea)? One of the best moves you can make is rolling those retirement funds…
8 Common Retirement Planning Mistakes for Tech Professionals
Planning for retirement is one of the most important financial steps you’ll take in your lifetime. Yet, even high-income tech earners and financially savvy individuals can make costly missteps that derail their long-term goals. At Palmer Financial Wellness, we see these mistakes all too often—and we’re here to help you avoid them. Here are eight…
Founder Financing Strategy: Using your 401(K) as a ROBS
A Rollover as Business Startup (ROBS) is a financing strategy that allows entrepreneurs to use their retirement funds—typically from a 401(k) or IRA—to fund a new or existing business without incurring early withdrawal penalties or taxes. While ROBS can be a powerful funding tool, it is complex and must be implemented correctly to comply with…
5 Common Mistakes Made by Startup Founders… and How to Avoid Them
Starting a company is one of the most exciting and challenging journeys an entrepreneur can take. However, the thrill of launching a startup often comes with pitfalls that can create serious roadblocks down the line. At Palmer Financial Wellness, we’ve seen firsthand how financial and structural missteps can cause unnecessary stress and even derail promising…
Startup Founder: A Blueprint for Financial Resilience
Starting and scaling a startup is an exciting yet financially demanding journey. Unlike traditional business owners, startup founders grapple with unpredictable income, limited personal financial safety nets, and complex equity structures. While the upside can be game-changing, the financial road is often filled with uncertainty. I know this firsthand because I’ve been through it myself.…
Startup Employee: A Guide to Financial Stability
Working at a startup offers exciting opportunities—innovation, fast-paced growth, and the potential for significant financial upside. But it also comes with unique financial challenges: unpredictable paychecks, complex equity compensation, and a lack of traditional workplace benefits. At Palmer Financial Wellness, we specialize in helping startup employees take control of their finances. As a former tech…
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